The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Total credit demand for MSME sector stands at Rs 45 lakh crore over medium term: ASSOCHAM-Crisil study

While Rs 45 lakh crore would be the total credit demand for the micro, small and medium enterprises (MSME) sector over the medium term, about Rs 5.15 lakh crore needs to be mobilised to address the near-term requirement, noted an ASSOCHAM-Crisil joint study.

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Tuesday, September 06, 2016

Good rains set to move up earnings of farm related firms: ASSOCHAM study

Thanks to bountiful rains this year, a large part of corporate India with direct connect with the agro and the entire rural economy is set to post handsome growth in the coming two quarters in sales and profitability ranging between 15 and 45% with benefits of Monsoon accruing to several mid and large cap firms Mahindra and Mahindra, Rallis India and Jain Irrigation, according to an ASSOCHAM paper.

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Sunday, September 04, 2016

Strike to cost up to Rs 18,000 crore to economy; exports too get hurt: ASSOCHAM

With all-India strike by central trade unions affecting trade, transport, key manufacturing facilities and banking services in Kerala, Karnataka, Tripura, Haryana and Uttar Pradesh besides other parts of the country, the loss to the economy is estimated at between Rs 16,000 – Rs 18,000 crore, according to an ASSOCHAM assessment.

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Friday, September 02, 2016

Exports to ASEAN stagnate while imports up 33 %; question mark on FTA

India’s exports to the Association of Southeast Asian Nations (ASEAN) have stagnated at USD 25 billion since start of the Free Trade Agreement with the 10-nation bloc from January, 2010 while imports rose by over 33 per cent to USD 40 billion, raising a big question mark over the utility of the trade-opening pact with the common market of south east Asia, according to an ASSOCHAM Paper.

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Thursday, September 01, 2016

Digitising govt. processes imperative to minimise corruption & ease state machinery operations: ASSOCHAM plea to UP govt.

Improving ease of doing biz to positively impact employment generation even beyond UP’s borders

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Wednesday, August 31, 2016

Delhi government to install CCTV cameras in schools: Secretary, Education

Delhi government is planning to bring Closed Circuit Television cameras (CCTV) not just for the purpose of security but to keep a tab on what is going on inside classrooms, said Punya Salila Shrivastava, Secretary, Education said at an ASSOCHAM event held in New Delhi today.

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Tuesday, August 30, 2016

Banks should increase provision coverage ratio: RBI Deputy Governor

In view of rising Non-performing assets of banks, the provision coverage ratio (PCR) of banks should be increased, Deputy Governor of the Reserve Bank of India (RBI), Mr N. S Vishwanathan said at an ASSOCHAM event held in New Delhi today.

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Tuesday, August 30, 2016

India will be one of top 5 global pharma innovation hubs by 2020 through its PPP model: study

To push India into top five pharmaceutical innovation hubs by 2020 and establish global presence by launching 1 out of every 5-10 drugs discovered in India at global level, the government is preparing for multi-billion dollar investment with 50% public funding through its public private partnership (PPP) model to enhance innovation capability, reveals the joint study.

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Monday, August 29, 2016

Merge various govt. policies to address housing shortage issue: ASSOCHAM-JLL study

The union government should try to merge various policies at a point to address housing shortage issue in India, an ASSOCHAM-JLL joint study has said

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Sunday, August 28, 2016

Provide waiver on unintentional mistakes in compliance of GST during transition: ASSOCHAM President

ASSOCHAM will bring forth before the Empowered Committee (EC) of State Finance Ministers certain concerns and areas of uncertainties while pleading for waiver of any penalties on unintentional compliance errors which may occur during the transition period of Goods and Services Tax (GST) said at an ASSOCHAM Managing Committee meeting held in New Delhi today.

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Friday, August 26, 2016

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