The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

India loses to China, Singapore in cost competitiveness in auto sector: study

India loses out to China, Singapore, Indonesia and even to Bangladesh when it comes to achieving cost competitiveness in the automobile and automobile components industry in terms of major parameters including labour, fuel cost and price of raw material, an ASSOCHAM –Thought Arbitrage joint study has pointed out.

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Thursday, June 02, 2016

ASSOCHAM hails India growth story; time to make growth job –oriented, sustainable

Hailing India’s emergence as the fastest growing major economy in the world with the GDP expanding by 7.6 per cent, ASSOCHAM President Mr Sunil Kanoria today said it was time to build on the gains and bolster private investment which will be a big catalyst for job creation and achieving the ultimate objective of sustainable growth.

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Thursday, June 02, 2016

TN tops in green energy capacity addition; to reach 72 % of peak demand: study

In an election season, Tamil Nadu may be in the news of some populist schemes but the state has done a tremendous development when it comes to adding capacity of Renewable Energy (RE), which is projected to reach even 72 per cent of its peak demand by 2022, according a joint ASSOCHAM-Ernst & Young paper.

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Wednesday, June 01, 2016

Agri-Ministry licensing guidelines discourages research and innovation: ASSOCHAM

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) today expressed concern over recent actions by the Agriculture Ministry, notifying on May 18 a new framework for licences for agricultural biotechnology covering existing and future technologies and advocated review of the same.

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Tuesday, May 31, 2016

India`s power deficit may reach 5.6% in FY22 with demand set to outpace supply: ASSOCHAM-PwC study

Govt. should set up specialised institution to expedite clearance & approvals for large infra projects India’s power deficit may rise from 2.6 per cent of peak demand in FY16 to 5.6 per cent in FY22 as demand starts to overtake supply, noted a recent ASSOCHAM-PwC joint study.

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Monday, May 30, 2016

Delhi-NCR tops job creation among 8 cities in Q4 of FY 16: ASSOCHAM study

Delhi-NCR (National Capital Region) has emerged as the leader in creating the maximum number of jobs during the fourth quarter of the last fiscal, generating over 2.6 laks new jobs while a total of 8.5 lakh jobs were created in eight major cities, an ASSOCHAM study has found.

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Sunday, May 29, 2016

Let us not drag RBI Governor into needless controversies: ASSOCHAM

The post of RBI Governor should not be dragged into avoidable controversies unless serious offence has been committed by an incumbent, the ASSOCHAM has said, contending the central bank has played a pivotal role in bringing about a macroeconomic stability for India, making it the best among the emerging markets.

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Friday, May 27, 2016

FSSAI assigned with task to come up with standards for fortification of food grains: Consumer Affairs, Food & Public Distribution Ministry

Govt. in a fix over bulk storage & transportation of rice The Ministry of Consumer Affairs, Food and Public Distribution together with Union Ministry of Health and various other ministries have assigned the mandate to Food Safety and Standards Authority of India (FSSAI) to come up with standards for fortification of food grains such as wheat flour, rice which will add to the nutrient value of food intake, a top government official said at an ASSOCHAM event held in New Delhi today.

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Friday, May 27, 2016

Ensure Indian firms not subjected to double taxation; ASSOCHAM to CBDT

In the backdrop of the government fine-tuning tax regime with the countries which have the Double Taxation Avoidance Agreement (DTAA) with India, the ASSOCHAM has made a presentation to the Central Board of Direct Taxes (CBDT) suggesting changes in the proposed Foreign Tax Credit rules to ensure the Indian tax payer is subjected to double tax incidence on income.

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Thursday, May 26, 2016

No need to panic about presence of chemicals in bread: AIIMS Director

Urgent need to put in place universal health service in India; healthcare facilities in govt. sector in UP have gone down in last 2 decades There is no need to panic much in the long-term about presence of potassium bromate and potassium iodate in the pre-packaged daily bread but excess of anything should be avoided, a top AIIMS official said at an ASSOCHAM event held in New Delhi today.

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Thursday, May 26, 2016

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