The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

India will see 65% rise in mobile frauds by 2017: ASSOCHAM-EY study

Rapid increase in use of computers and the emergence of the Internet has led to the evolution of cyberspace, about 40-45% of financial transactions are done via mobile devices and this menace is expected grow to 60-65% by 2017, noted a recent ASSOCHAM-EY joint study.

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Monday, December 12, 2016

Odisha govt. taking expeditious steps to extend lease validity of more mines: Prafulla Kumar Mallik

The Government of Odisha is taking expeditious steps for extension of more cases of mines for extension of lease validity as per legal provisions, said Mr Prafulla Kumar Mallik, Minister of State for Steel and Mines, Labour and ESI (Employees’ State Insurance) at an ASSOCHAM event held in Bhubaneswar today.

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Friday, December 09, 2016

Less cash economy to help India leap frog to levels of developed world in doing business: ASSOCHAM President

Prime Minister Mr Narendra Modi’s bold drive to take the economy into a ‘less cash’ mode through a multi-pronged strategy would not only check the menace of black money and corruption but would also lead to a large part of the informal economy into the organised sector , said ASSOCHAM President Mr Sunil Kanoria.

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Friday, December 09, 2016

CEM legislation to come soon: Secretary, Department of Heavy industries

Construction Equipment Manufacturing (CEM) legislation to come soon stated Girish Shankar, Secretary, Department of Heavy Industry, the bill will concern regulations for construction equipment which are not wheeled and use of spurious parts, which though cheap, is detrimental to the equipment said at an ASSOCHAM event held in New Delhi today.

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Wednesday, December 07, 2016

MSME ministry suggest withdrawal limit to 2 lakh for micro units: Haribhai Parathibhai Chaudhary, MoS for MSME

Ministry for Micro Small and Medium Enterprises (MSME) will suggest for increasing the withdrawal limit to 2 lakh per week for MSME sector said, Mr Haribhai Parathibhai Chaudhary, Minister of State for MSME, GoI at an ASSOCHAM event held in New Delhi today.

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Tuesday, December 06, 2016

India’s Internet population likely to touch 600 million by 2020: study

With increased 4G and 3G penetration, the Internet user base in India is rapidly expanding and has reached a penetration of over 27% versus 50.3% penetration in China and expected to double to 600 million users by 2020 from 343 million users currently, according to an ASSOCHAM- Deloitte joint study.

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Monday, December 05, 2016

Jack up Govt expenditure to make up for loss in private consumption due to demonetisation: ASSOCHAM

As the private consumption would be taking a significant hit on account of cash crunch in the economy at least in the next two quarters, the government should make all efforts to at least partly limit the impact of demonetization on the GDP by sharply jacking up its own expenditure during the fiscal 2016-17, the ASSOCHAM has said.

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Sunday, December 04, 2016

Promote separate hill farming policy: ASSOCHAM plea to U’khand govt.

Uttarakhand needs to promote a separate hill farming policy as the state has a meagre 14 per cent net sown area, more so as 3/5th of the state’s total working population is engaged in agriculture, noted a recent ASSOCHAM-RNCOS joint study.

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Thursday, December 01, 2016

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