The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Shopping malls facing up to e-commerce challenge: ASSOCHAM

Faced with heavy discounts from e-commerce, shopping mall owners in major cities are shaping back, going aggressive in the run up to Diwali offering freebies and easy finance options, hoping to win back the footfalls and increase their business by at least 45-50 per cent in the ongoing festive season as compared to similar period last year, an ASSOCHAM paper has noted.

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Tuesday, October 18, 2016

Over-dependence on China for key pharma raw material worrying: ASSOCHAM Paper

India may have emerged as a key supplier of generic and affordable medicine for the world market, its overwhelming dependence on China for a crucial raw material , known as Active Pharmaceutical Ingredient (API)to the extent of over 65 per cent of the requirement, has emerged as a main worrying area, an ASSOCHAM-RNCOS joint paper has noted.

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Monday, October 17, 2016

Marked growth in consumer confidence this festive season; Consumer to spend 40% more this Diwali: ASSOCHAM Survey

Riding on the back of an uptick in the economy and improving perception for better job prospects, coupled with steady lowering of interest rates, the consumer demand is witnessing a marked growth of as much 40 per cent in the ongoing festival season this year, as compared to 2015, an ASSOCHAM survey has said.

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Sunday, October 16, 2016

Centre to establish logistic hubs near sea ports to promote exports: Nirmala Sitharaman

The government is establishing logistic hubs near sea ports with private sector participation to relieve the issue of receiving stocks on the airport, seaport and movement of goods inland, Union Commerce Minister, Ms Nirmala Sitharaman said at an ASSOCHAM event held in New Delhi today.

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Friday, October 14, 2016

Gold to further shine despite a golden run, says ASSOCHAM paper

In the backdrop of continuous global political and financial risks coupled with revival in demand in the domestic market, gold prices are likely to stay firm in the range of Rs 30,500 -33500 per 10 grams despite the yellow metal having had a golden run up of about 25 per cent since January this year, an ASSOCHAM Paper has pointed out.

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Tuesday, October 11, 2016

Transport services account for lion’s share of 71% in investments attracted by infra sector: Study

Transport services have garnered highest share of over 71 per cent in terms of investments worth over Rs 53 lakh crore attracted by infrastructure sector from both public and private sources across India as of 2015, noted a recent ASSOCHAM study.

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Monday, October 10, 2016

Real estate sentiments sluggish this Diwali: ASSOCHAM survey

Buried under high debt and inability of the developers to complete and hand over the pending projects well beyond the commitments to the hard-pressed consumers, the troubled housing sector is not witnessing any festive activity this year despite the latest cut in the policy interest rate by the Reserve Bank of India (RBI), an ASSOCHAM survey has said.

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Sunday, October 09, 2016

Regulators, corporates cannot escape public scrutiny: SEBI chief

As a strong votary of transparency in corporate India, Chairman of the Securities and Exchange Board of India (SEBI) Mr U K Sinha today said at an ASSOCHAM event regulators too "cannot escape the scrutiny of their working " as they are, in several cases, empowered as "mini states" with vast powers.

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Friday, October 07, 2016

Reserve Bank expecting only first cut reporting from banks vis-à-vis proforma Ind AS statement by Nov 30: ED, RBI

The Reserve Bank of India (RBI) is expecting a rough, first cut reporting from banks vis-à-vis proforma Ind AS (Indian Accounting Standards) financial statements for the half year ending September by November 30 to ascertain the difficulties and problems faced by banks as part of transition to International Financial Reporting Standards from April 2018, a top RBI official said at an ASSOCHAM event held in New Delhi today.

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Friday, October 07, 2016

Stringent law on misleading celeb endorsements: Ram Vilas Paswan

For stricter law on celebrities endorsing misleading advertisements, a proposal to ban is being considered by consumer affairs Ministry, said Ram Vilas Paswan minister for Consumer Affairs at an ASSOCHAM event held in New Delhi today.

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Thursday, October 06, 2016

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