The Associated Chambers of Commerce & Industry of India

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Press Releases

Sports ministry recommends finance ministry for considering Sports Infrastructure: Secretary, Sports

Sports ministry has proposed the ministry of finance for considering Sports Infrastructure as a ‘concessional finance’, said Secretary, Department of Sports, Mr. Rajiv Yadav at an ASSOCHAM event held in New Delhi today.

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Saturday, July 23, 2016

Early operationalising of BIMSTEC FTA imperative for greater push to trade: ASSOCHAM study

India should work closely with the seven-nation BIMSTEC grouping to conclude trade negotiations and attempt early operationalising of the Bay of Bengal free trade agreement (FTA) to give a big push to trade in the region, an ASSOCHAM study said today.

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Thursday, July 21, 2016

Urban Development ministry requests states to reduce stamp duty for affordable housing: Venkaiah Naidu

The Ministry of Housing and Urban Development has written to states government to reduce the stamp duty as it is adding to the burden with a new Real Estate Regulation Bill where the rules are almost ready and will be announcing at any time, union minister, Mr M Venkaiah Naidu said at an ASSOCHAM event held in New Delhi today.

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Wednesday, July 20, 2016

MFIs should learn lessons from 2010 AP crisis & not carry people on ‘dream path’ of consumerism: ESL Narasimhan

The microfinance institutions (MFIs) should find out adequacy of skills, competence, capability and the need of the borrower before lending money thereby learning lessons from the crisis that originated in erstwhile Andhra Pradesh in 2010, Telangana and Andhra Pradesh Governor, Mr E.S.L. Narasimhan said at an ASSOCHAM event held in Hyderabad today.

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Tuesday, July 19, 2016

ASSOCHAM appeals TRAI to restore pricing flexibility to license TSPs

Industry body ASSOCHAM has strongly opposed any restriction by way of a telecom service provider (TSP) agnostic platform and rather suggested the TRAI to restore the pricing flexibility to licensed TSPs and urgent review of differential pricing regulation.

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Monday, July 18, 2016

On Monsoon session eve, ASSOCHAM appeals to Political Parties to come on board on GST Bill

Amidst positive indications for a consensus building among the major political parties, including the Congress, the ASSOCHAM has made a strong plea both to the Government as also the principal Opposition party to get the long pending Constitutional Amendment Bill on GST passed in the Rajya Sabha within the first few days of the Monsoon session of Parliament, beginning July 18.

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Sunday, July 17, 2016

ASSOCHAM Reaction: WPI for June 2016

Apex industry body ASSOCHAM today said that rise in Wholesale Price Index (WPI) is in line with industry’s expectation as production denoted by IIP numbers released recently showed weak and unstable demand within the industry itself which might have forced the industry to control and manage its over production and over capacity, which is already in existence, through restricting the supply or put the cap on production which have resulted in increase in WPI numbers though marginally.

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Thursday, July 14, 2016

Land allotment for four industrial cities in DMIC to begin from October: Alkesh Sharma

The Centre will start allocating land in all the four industrial cities being implemented under the Delhi-Mumbai Industrial Corridor (DMIC) project from October this year, a top government official said at an ASSOCHAM event held in New Delhi today.

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Thursday, July 14, 2016

No GAAR on P-note maturity, Govt. should clarify, says ASSOCHAM

In order to instill confidence in the global investors and encourage them to retain their interest in the Indian stock market, the government should come out with a clarification that the General Anti-Avoidance Rules (GAAR) would not apply to a Foreign Portfolio Investor (FPI) on redemption and maturity of the Participatory Notes, the ASSOCHAM has submitted it to the Finance Ministry.

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Wednesday, July 13, 2016

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