The Associated Chambers of Commerce & Industry of India

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Press Releases

GST to boost MSMEs’ competitiveness, says study

New Delhi, 8 July, 2017: The Goods and Services Tax (GST) would boost the competitiveness of micro, small and medium enterprises (MSMEs), noted a recent joint study by ASSOCHAM- Ashvin Parekh Advisory Services (APAS).

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Sunday, July 09, 2017

Labour ministry likely to amalgamate and simplify 4 labour course : Bandaru Dattatreya

New Delhi 6 July, 2017: Union Labour and Employment Minister Mr. Bandaru Dattatreya today said, out of 44 labour laws, we are going to amalgamate, simplify and rationalise into four labour course at an ASSOCHAM event held in New Delhi today.

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Thursday, July 06, 2017

FSSAI addressing industry’s concerns over notified standards for food supplements & nutraceuticals: CEO

New Delhi, July 6, 2017: The Food Safety and Standards Authority of India (FSSAI) is in the process of addressing concerns raised by the industry on new standards for eight categories of products, including health supplements and nutraceuticals notified last year, its CEO (chief executive officer), Mr Pawan Agarwal said at an ASSOCHAM event held in New Delhi today.

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Thursday, July 06, 2017

Industry alone to add USD 280 billion to GDP from GST in 8-9 years: ASSOCHAM

New Delhi, 5 July 2017: Industry alone is expected to contribute USD 280 billion to India’s Gross Domestic Product (GDP) in the next 8-9 years, as a positive fall out of the Goods and Services Tax as structural changes in the ease of doing business would propel the growth, an ASSOCHAM-APAS study has said.

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Wednesday, July 05, 2017

India spends miniscule amount on cyber security: ASSOCHAM-PwC study

New Delhi, 4 July 2017: Despite the growing threat, India’s budgetary allocation towards cyber security was about Rs 42.2 crore in 2012-13, up 19 per cent from Rs 35.45 crore in 2010-11 whereas US spend $658 million through department of homeland security and $93 million through US-CERT in 2013, according to the joint study brought out by ASSOCHAM and PwC.

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Tuesday, July 04, 2017

GST to bring cheer for domestic electronic components’ manufacturers: Study

New Delhi, July 3, 2017: Implementation of goods and services tax (GST) will bring innumerable benefits for domestic manufacturers of electronic components as cost of manufacturing will be significantly brought down, noted a recent ASSOCHAM-NEC joint study.

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Monday, July 03, 2017

Record inflation augurs perfectly well for GST launch: ASSOCHAM

New Delhi, 1 July, 2017: With retail prices growing by the slowest pace in the last four years by mere 2.18 per cent, it is the perfect time for the launch of the Goods and Services Tax (GST), from inflation point of view, as this particular macro fundamental is placed at an ideal position for the roll out of the country’s most ambitious tax reform, the ASSOCHAM has said.

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Sunday, July 02, 2017

Investments worth $291 bn needed to plug water demand-supply gap in India: Study

New Delhi, June 30, 2017: The widening gap between demand for water and its supply is estimated to reach as high as about 50 per cent by 2030 and plugging this huge gap would need an additional investment of about $291 billion (bn), noted a just-concluded ASSOCHAM-PwC joint study.

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Friday, June 30, 2017

Pave way for domestic participation on corporate bond market: ASSOCHAM study to SEBI, RBI

Ahemdabad, 29 June 2017: Market regulator Securities and Exchange Board of India (SEBI) should pave way for more domestic participation in the Indian debt market which may witness less of foreign investors' interest, following hike in rates by the US Federal Reserve, according to an ASSOCHAM Study on Bond Market.

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Thursday, June 29, 2017

Hydropower projects with 13,363 MW capacity register cost overruns worth over Rs 52K crore

New Delhi, 28 June 2017: Several hydropower projects with a cumulative capacity of about 13,363 megawatt (MW) are stranded at various stages of project development, resulting in significant time and cost overruns worth Rs 52,697 crore as of December 2016, noted a just-concluded ASSOCHAM-PwC study.

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Wednesday, June 28, 2017

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