The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

NPAs, less debt appetite road blocks for bank lending despite deposit pile-up on demonetisation

Despite banks filled with huge deposits following demonetization, a very high level of non-performing assets and reducing appetite for more loans from the over-leveraged industry would come in the way of increased bank lending despite bond yields falling even below the policy interest rates, an ASSOCHAM-CARE rating joint study has said.

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Thursday, December 01, 2016

ASSOCHAM India-Africa Trade and Investment Forum 2016 & ASSOCHAM India-Africa Champion in Biz Awards 2016

ASSOCHAM successfully organized “India-Africa Trade and Investment Forum 2016” & “India-Africa Champion in Biz Awards 2016” on 29th November 2016 at Hotel Le Meridien, New Delhi.

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Wednesday, November 30, 2016

ASSOCHAM collaborates with Tally Solutions to simplify GST for the Retail Community

Delhi, 28 Nov, Monday: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Tally Solutions Pvt. Ltd., the premier Indian software product company, today, signed a Memorandum of Understanding (MoU) to demystify, educate and train the retail community for the roll out of the Goods and Services Tax (GST) law in India. The MoU was signed between Mr. D.S Rawat, Secretary General of ASSOCHAM and Mr. Sathya Pramod, Chief Financial Officer of Tally Solutions Private Limited.

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Monday, November 28, 2016

ASSOCHAM urges Govt to ease cash limits for logistic fleet operators

As India Inc supports Prime Minister Mr Narendra Modi's battle against black money, the ASSOCHAM has urged the government to consider among other relief measures, increasing the cash withdrawal limits for logistic and transport fleet owners since they need hard cash for meeting expenses for crew members including truck drivers and cleaners.

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Sunday, November 27, 2016

Indian luxury sector may touch $18.5 bn this year; need to create own luxury brands: Amitabh Kant

The luxury market in India is likely to touch $18.5 billion (bn) in 2016 as against $14.7 bn last year and will clock a compounded annual growth rate (CAGR) of 25 per cent, chief executive officer (CEO) of NITI Aayog (National Institution for Transforming India), Mr Amitabh Kant said at an ASSOCHAM event held in New Delhi today.

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Friday, November 25, 2016

Farm produce worth Rs 3.8K crore traded through e-NAM till 16 November: Radha Mohan Singh

Farm produce worth Rs 3,841 crore has been traded through electronic-National Agriculture Market (e-NAM) till 16 November in 250 wholesale markets connected to this platform, Union Agriculture and Farmers Welfare Minister, Mr Radha Mohan Singh said at an ASSOCHAM event held in New Delhi today.

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Thursday, November 24, 2016

India Inc. must formulate strong anti-fraud programme to reduce risk on account of corporate fraud: ASSOCHAM-Grant Thornton study

Companies across India must implement an anti-fraud framework to mitigate the risks evolving from illegal activities as pressure of uncertain markets, escalating input costs, high labour turnover, advent of technology and others provide significant opportunity and incentives for fraudsters to commit financial frauds, noted an ASSOCHAM-Grant Thornton joint study.

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Wednesday, November 23, 2016

M-wallet/digital payment cos. must win customers’ trust for widespread adoption, says study

With a view to win customers’ trust, companies operating in the mobile-wallet sector should take measures like providing effective, completely secure, private and reliable services, 3-D or OTP (one time password) security options, data back-up system and others to spread awareness among people, suggested an ASSOCHAM-RNCOS joint study.

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Tuesday, November 22, 2016

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