The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Urgent need to devise policy framework to address export finance issues: Commerce secretary

Mumbai, 12th January 2018: Expressing concerns over India’s institutional frameworks currently not being geared to recognise risks of overseas markets, Commerce Secretary, Ms Rita A. Teaotia today said that there is a pressing need for India to devise the kind of policy framework needed to address issues of finance to exports.

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Friday, January 12, 2018

Government examining various aspects of virtual currencies: Mr Anadee Nath Mishra, additional secretary

New Delhi, January 11, 2018: The committee appointed by the government last year to examine issues related to cryptocurrency has submitted its report and examining pros and cons including launching of its own crypto currency, said a top legal affair ministry official said at an ASSOCHAM event held in New Delhi today.

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Thursday, January 11, 2018

Abolish Income Tax, raise banks’ rates to 9%, says Dr Subramanian Swamy at ASSOCHAM meet

New Delhi, January 10, 2018: Domestic savings and not foreign investment can take Indian economy on a 10 per cent growth path, for which Income Tax must be abolished and interest rates on Fixed Deposits be raised to nine per cent along with the reduction in the banks' Prime Lending Rates (PLR), senior BJP leader and Member of Parliament (MP), Dr Subramanian Swamy said at an ASSOCHAM function in New Delhi today.

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Wednesday, January 10, 2018

Delhi-NCR will generate 1,50,000 MT e-waste by 2020: ASSOCHAM study

New Delhi, January 9, 2018: Delhi-National Capital Region (NCR) is likely to generate about 1,50,000 metric tonnes (MT) of e-waste per annum by 2020 from the current level of 85,000 metric tonnes growing at compound annual growth rate (CAGR) of about 25%, reveals ASSOCHAM Council on Climate Change & Environment latest findings.

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Tuesday, January 09, 2018

All is not lost in stressed power projects, Railways, PPAs, electric vehicles to be growth drivers: ASSOCHAM study

New Delhi, January 8, 2018: As many as 24 power projects with 41.81 GW capacity may be under a severe financial stress, but the troubled sector still holds hope in growth drivers including higher demand from the Railways, proposed law to enforce power purchase agreements (PPAs) on the discoms, increasing focus on electric vehicles and reaching electricity to all un-electrified villages, an ASSOCHAM study has noted.

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Monday, January 08, 2018

Indian NBFCs must adopt new tech-based biz models to attract PE funding: ASSOCHAM-PwC Study

New Delhi, January 6, 2018: With banks tightening their purse strings owing to increasing bad loans, Indian non-banking financial companies (NBFCs) are growing their market share, however a recent ASSOCHAM-PwC joint study has stated that NBFCs will have to keep pace with new technologies and changing customer aspirations to attract timely PE (private equity) investments.

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Sunday, January 07, 2018

ASSOCHAM seeks Govt. intervention over CPCB panel’s recommendation for closure of coal-based industries in Delhi-NCR from Jan 15

New Delhi, January 5, 2018: Apex industry body ASSOCHAM has sought Union Government's intervention vis-à-vis recommendations of a CPCB-led taskforce on closure of all coal-based industries operating in Delhi-NCR for a fortnight from January 15 to contain air pollution during the upcoming ASEAN summit.

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Friday, January 05, 2018

ASSOCHAM Paper suggests "mid-course" correction to remove inequalities

New Delhi, January 4, 2018: Suggesting "mid-course corrections" in growth and development model, an ASSOCHAM Paper has said economic, social and political focus should be on narrowing the inequalities among different segments of the Indian population.

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Thursday, January 04, 2018

Union Budget 2018-19: ASSOCHAM seeks venture capital pool & lower tax rates for electronics sector

New Delhi, January 3, 2018: Considering that costs pertaining to finance, energy and logistics/transportation constitute major portion of consumer electronics sector, apex industry body ASSOCHAM has recommended the union government to allow weighted deduction of 150-200 per cent of the actual cost on specified components.

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Wednesday, January 03, 2018

Indias direct selling industry may reach Rs 159.3 bln by 2021: ASSOCHAM

New Delhi, 2 January, 2018: The Direct Selling industry in India has almost doubled since 2011 to reach INR 126.2 billion in 2016 and is expected to grow at a compounded annual growth rate (CAGR) of about 4.8% to reach INR 159.3 billion in 2021, reveals the study undertaken by ASSOCHAM.

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Tuesday, January 02, 2018

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