The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

ASSOCHAM asks banks not to get swayed away by shrill in Mallya case

Impressing upon the banks not to get swayed away by the shrill of public discourse against the purported willful defaulters, apex industry body ASSOCHAM today said that offer made by industrialist Mr Vijaya Mallya should be considered carefully before rejecting it, because his offer does convey his “intention” to repay the loans taken from the public sector lenders.

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Sunday, April 10, 2016

India`s spend on security could reach $1 bn by 2019: ASSOCHAM-Mahindra SSG study

Need to invest $4 bn in PPP mode to combat cyber crime India’s expenditure only on security could reach $1 billion (bn) by 2019 assuming if Centre spends even 10 per cent of its budget of $1 bn allocated for AMRUT (Atal Mission for Rejuvenation and Urban Transformation) and Smart Cities Mission, according to a recent ASSOCHAM-Mahindra SSG joint study.

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Friday, April 08, 2016

UP exceeds 11th FYP targets; establishes over 1.66 lakh MSMEs & generates over 8.5 lakh job opportunities: Study

During the 11th Five-Year Plan (2007-2012), Uttar Pradesh (UP) has managed to exceed its target by setting up over 1,800 additional micro, small and medium enterprises (MSMEs) and generating over two lakh additional jobs, noted a just-concluded study by apex industry body ASSOCHAM jointly with Thought Arbitrage Research Institute (TARI).

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Thursday, April 07, 2016

Indian electronics and hardware industry to be between $112-$139 bn by 2018: ASSOCHAM-EY study

The Indian electronics and hardware industry is expected to grow at a CAGR of 13%–16% during 2013–18 to reach US$112–130 billion by 2018 from current level of $75 billion, according to an ASSOCHAM-EY study titled ‘Turning the Make in India dream into a reality for electronics and hardware industry’. The growth is expected on the back of rising consumer demand, growing disposable incomes, declining prices of electronics, and numerous government initiatives such as wider broadband connectivity, e-governance programs and others, notes the study.

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Thursday, April 07, 2016

RBI taking steps to improve credit to MSMEs, beacon of hope, says Dy Governor Mundra

The Reserve Bank of India is taking a number of steps to ensure timely credit availability as also improving cash flow to the micro, small and medium enterprises (MSMEs) which stand as the "beacon of hope" in an otherwise difficult economic environment, RBI Deputy Governor Mr S S Mundra said today at an ASSOCHAM meeting.

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Wednesday, April 06, 2016

Rate cut short of expectations, but liquidity injection welcome move by RBI, says ASSOCHAM

Though India Inc would have liked at least a 50 basis points cut in the policy interest rates by the RBI, the measures announced to inject enough liquidity into the system should enable banks to cut the lending rates, said ASSOCHAM president, Mr Sunil Kanoria.

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Tuesday, April 05, 2016

India needs dedicated bar for timely disposal of arbitration disputes: Secretary, Ministry of Law and Justice

Streamlining of legal & judicial system needed to ensure speedy resolution of commercial disputes: D.V. Sadananda Gowda There is a need to develop a dedicated arbitration bar in India for timely settlement of arbitration disputes, Mr P.K. Malhotra, secretary, Ministry of Law and Justice said at an ASSOCHAM event held in New Delhi today.

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Tuesday, April 05, 2016

At least 50 bps cut in policy interest rates can create an impact on sentiment: CEO survey

A 25 basis points cut in the policy interest rates by the Reserve Bank of India (RBI) is almost given, but the real impact of falling lending cost can be felt only if the central bank goes in for a bold reduction of at least 50 bps, an overwhelming majority of CEOs polled in an ASSOCHAM survey pointed out.

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Sunday, April 03, 2016

Indian banks can reduce costs by 50% on per-transaction basis by going digital: ASSOCHAM-PwC study

Banks need agile operating model in wake of changing business dynamics Banks in India can reduce costs by up to 50 per cent on a per-transaction basis in the next few years by redesigning their processes and systems for the digital age, structurally changing their cost base and instituting more aggressive ongoing cost management processes, an ASSOCHAM-PwC study said today.

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Friday, April 01, 2016

India may record agriculture growth of 6% in 2016-17 if monsoon remains normal: Niti Aayog Member

Niti Aayog developing multi-dimensional food security index The sectoral growth rate of agriculture in India may rise to six per cent in 2016-17, if the monsoon remains normal this year, Niti Aayog member, Prof. Ramesh Chand said at an ASSOCHAM event held in New Delhi today.

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Thursday, March 31, 2016

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