The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Govt. to set up science & technology incubators applying hub & spoke model: Y.S. Chowdary

Science & Technology Ministry working on ‘five year rolling plan’ to measure plans & their implementation The union government will soon launch a hub and spoke model to set up science cities and science centres to encourage science and technology (S&T) incubators and create an enabling environment, minister of state for science & technology and earth sciences, Mr Y.S. Chowdary said at an ASSOCHAM event held in New Delhi today.

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Thursday, May 19, 2016

India`s cost competitiveness in manufacturing vis-à-vis Europe may decline 15% by 2023: Study

Poor infrastructure & inland logistics services are major impediments for growth India’s cost competitiveness in manufacturing vis-à-vis Europe may decline from current level of about 44 per cent to 30 per cent by 2023 owing to growing labour costs, according to an ASSOCHAM-Roland Berger joint study.

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Wednesday, May 18, 2016

ASSOCHAM seeks govt taking bank loan repayments of rural borrowers in drought hit areas

As part of an immediate relief kit to the farmers and rural population suffering an oppressive drought, the government should take the load of their bank loan repayments upon itself, besides reaching food grains to the affected areas at highly subsidized rates, ASSOCHAM President, Mr Sunil Kanoria said today.

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Tuesday, May 17, 2016

ASSOCHAM Reaction: Wholesale Price Index for April 2016

Apex industry body ASSOCHAM today stated that upward movement in wholesale price index (WPI) was likely due to the commitment shown by the Centre to support industry together with the recent Reserve Bank of India (RBI) policy stance to reduce interest rates to kick start investment and credit cycle.

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Monday, May 16, 2016

Rising outbound Indian tourists heading towards Malaysia, S`pore, Thailand, Dubai: ASSOCHAM paper

Aggressive tour operators offering packages for as low as Rs 25,000-Rs 30,000 combined with rising aspirations of the upper middle class families to travel abroad has led to a robust increase of 29 per cent in outbound Indian tourists this summer with Thailand, Malaysia, Singapore, Dubai and Maldives emerging as the top and affordable destinations for the better-offs, an ASSOCHAM study has pointed out.

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Sunday, May 15, 2016

Service tax proposal on spectrum allotment will put Digital India & Smart Cities campaign at risk: ASSOCHAM

Restrict service tax on spectrum allotments to transactions involving only pvt. telecos The proposed 15 per cent service tax on all spectrum allotment by the Centre and spectrum transactions between licensees will place telecom industry in precarious financial position thereby putting at risk major government initiatives of Digital India, Smart Cities and rural penetration of data connectivity and services, apex industry body ASSOCHAM has said.

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Thursday, May 12, 2016

Drought situation to cost Rs 6.5 lakh crore to economy:ASSOCHAM

Widespread drought will impact the Indian economy at least by Rs. 6,50,000 crores (about US$ 100 billion) as about 33 crore people across 256 districts are facing the grave situation, an ASSOCHAM study has noted with concern.

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Wednesday, May 11, 2016

TN tops with 32% decadal growth in investments attracted by irrigation sector across India: Study

Tamil Nadu has ranked on top in terms of growth in live investments attracted by the irrigation sector thereby clocking a compounded annual growth rate (CAGR) of over 32 per cent during the decadal period 2004-05 and 2014-15, apex industry body ASSOCHAM said today.

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Tuesday, May 10, 2016

Krishi Kalyan Cess needs reconsideration as it will push production costs further: ASSOCHAM plea

Entities engaged in agri sector should not be burdened with additional taxes Apex industry body ASSOCHAM has suggested the Finance Ministry to reconsider imposition of Krishi Kalyan Cess at 0.5 per cent on all taxable services and also allow input tax credit of the cess to both providers of output services and manufacturers of excisable goods.

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Monday, May 09, 2016

India`s e-tailing growing fastest in the world, says ASSOCHAM-Forrester study

India`s, e-tailing, fastest, ASSOCHAM, Forrester study

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Sunday, May 08, 2016

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