The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Reduce corporate tax to 25%, ASSOCHAM to Govt.

In its pre-Budget presentation with the Finance Ministry, the ASSOCHAM has sought immediate reduction in the corporate tax to 25% to attract more investment in the country while for driving the consumption led demand, income tax for individuals should also be reduced along with upward revision in the exemption limit upto Rs 5 Lakhs.

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Wednesday, November 16, 2016

NHAI to develop highways relevant to increase logistics & competitive efficiency of freight: Raghav Chandra

The National Highways Authority of India (NHAI) is developing those highways which are extremely relevant from the point of view of increasing the logistics and competitive efficiency of the freight, its chairman, Mr Raghav Chandra said at an ASSOCHAM event held in Mumbai today.

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Tuesday, November 15, 2016

Proper structuring of infra funding imperative to reduce stressed assets: N.S. Vishwanathan

There is a need for proper structuring of infrastructure funding as stressed assets account for close to about 16-17 per cent of the total advances to infrastructure sector, deputy governor of the Reserve Bank of India (RBI), Mr N.S. Vishwanathan said at an ASSOCHAM event held in Mumbai today.

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Tuesday, November 15, 2016

Hire retired bank staff; others on big scale to deal with demonetisation: ASSOCHAM

Assuring the government of India Inc's support against corruption and black money, the ASSOCHAM today impressed upon the government to mobilise all resources across different departments and hire retired bank staff on a massive scale to expedite the currency swapping and withdrawal of cash with minimum inconvenience to the public.

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Monday, November 14, 2016

Overweight kids in Delhi-NCR are more prone to diabetes: ASSOCHAM study

One in every ten children between the age of 5-16 yrs are overweight and are more prone to diabetic, reasons for rise in childhood diabetes are high calorie diet, junk food, inactivity, less outdoor games and more of indoor games, according to a recent study conducted by ASSOCHAM Health committee council on the occasion of ‘World Diabetic day’ on November 14.

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Friday, November 11, 2016

Mobile payment transaction volume to rise manifold to reach 153 billion by FY22: Study

The mobile payment transaction volume in India is likely to witness exponential compounded annual growth rate (CAGR) of over 90 per cent to reach 153 billion by FY 2022 as against a meagre about 3 billion in FY 2016, noted a recent ASSOCHAM-RNCOS joint study.

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Thursday, November 10, 2016

Apprehensions on Trump to prove wrong; India Inc hails his victory: ASSOCHAM

With his sober, very fair sounding and statesman like demeanor promising a fair deal with the rest of the world, ASSOCHAM today expressed confidence that apprehensions linked to Mr Donald Trump would certainly prove wrong even as India Inc looks forward to taking the bilateral economic engagement to a greater level under the new administration.

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Wednesday, November 09, 2016

Pollution to cripple NCR economy; Golden triangle tourism to be hit: ASSOCHAM

With Delhi and NCR getting the descriptive titles like ‘gas chamber’ and the world’s most polluted city, the entire area of National Capital Region encompassing not only Noida, Gurgaon and Faridabad but also right up to Meerut, Panipat, Bhiwadi and Rohtak is likely to face a crippling economic impact more in sectors like tourism, transport, automobile and real estate, an ASSOCHAM paper has said.

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Tuesday, November 08, 2016

Smog hitting employees at India Inc. hard and fast in Delhi-NCR: Survey

Smoggy atmosphere across Delhi-NCR has started taking a toll on people’s health and is hampering their ability to do their jobs efficiently, according to a just-concluded quick survey by ASSOCHAM.

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Monday, November 07, 2016

Let us get all Brexit related anxieties addressed as we welcome UK PM: ASSOCHAM

As India Inc. extends a warm welcome to British Prime Minister Ms Theresa May, her visit provides an excellent opportunity for India to forge a new dimension of bilateral relations seeking a sense of assurance from the top UK leadership that no adverse impact falls on the Indian trade and industry as a Brexit fall-out, apex chamber ASSOCHAM said today.

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Sunday, November 06, 2016

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