The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

IBBI to soon register 100 more insolvency professionals: Dr Navrang Saini

Hyderabad, September 15, 2017: The Insolvency and Bankruptcy Board of India (IBBI) which has so far registered 940 insolvency professionals (IPs) is in the process of granting registration to about 100 more such professionals (IPs), its Whole Time Member, Dr Navrang Saini said at an ASSOCHAM event held in Hyderabad today.

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Friday, September 15, 2017

Telangana beats southern peers & surpasses all-India growth in attracting investments: ASSOCHAM study

Hyderabad, September 14, 2017: The fruits of a slew of measures taken by Telangana Government in terms of providing an investor-friendly business environment are showing results as the state has beaten southern peers by achieving highest growth rate of 79 per cent in terms of attracting investments from both domestic and foreign sources across different sectors between FY12-FY17, noted an analysis-cum-study conducted by apex industry body ASSOCHAM.

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Thursday, September 14, 2017

Tax on any gain to firms under insolvency code under hair cut be waived: ASSOCHAM to Govt.

New Delhi, September 13, 2017: Apex industry body ASSOCHAM has written to the government, seeking a slew of tax reliefs, including exemption from tax on any hair cut taken by the banks in the form of a waiver of interest accrued, for the debt -ridden companies which are sought to be revived under the Insolvency and Bankruptcy Code (IBC) .

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Wednesday, September 13, 2017

India’s manufacturing sector must grow 14-15% annually for sustained 9-10% GDP growth: ASSOCHAM-EY Study

New Delhi, September 12, 2017: If India has to maintain a sustained GDP growth of 9-10 per cent per annum, it is crucial that the manufacturing sector grows steadily at 14–15 per cent per annum over the next three decades, noted a recent ASSOCHAM-EY joint study.

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Tuesday, September 12, 2017

IBBI needs a framework to resolve cross-border insolvency-study

New Delhi, September 11, 2017: Insolvency and Bankruptcy Board of India (IBBI) needs to quickly provide for a cross-border insolvency framework as many of the existing insolvency cases have foreign creditors, the existing provisions of code may not be adequate, according to an ASSOCHAM-EY joint study.

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Monday, September 11, 2017

India Inc not ready for professional boards with promoters in background: ASSOCHAM survey

New Delhi, September 9, 2017: India Inc is not ready yet to give complete management control to professional boards and managers, as majority of the corporate firms have promoters' holding well over 50 per cent and even those with much lower stake are not willing to bet fully on professionals, an ASSOCHAM CEOs' survey has noted.

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Sunday, September 10, 2017

K’taka tops in manufacturing excellence with best manufacturing process ratio at 2.63: ASSOCHAM study

Bengaluru, September 7, 2017: While Karnataka has emerged numero uno amongst the mainstream states across India in terms of manufacturing excellence, it has ranked third in terms of attracting investments in manufacturing sector thereby leaving frontline states like Gujarat behind, apex industry body ASSOCHAM said today.

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Thursday, September 07, 2017

Law to be introduced soon to prevent abuse in NRI marriages: Secretary, Women & Child Development

New Delhi, September 6, 2017: Laws to protect Indian women who are abandoned by their NRI (non-resident Indian) husbands or foreign partners to be finalised soon, said Mr Rakesh Srivastava, Secretary, Ministry of Women & Child Development at an ASSOCHAM event held in New Delhi today.

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Wednesday, September 06, 2017

Indias e-waste from old mobiles will jump 1800% by 2020: study

New Delhi, September 4, 2017: By 2020 Indias e-waste from old mobiles and computers will rise by about 1800 per cent and 500 per cent respectively by 2020 as compared to the levels in the year 2007, according to an ASSOCHAM-KPMG joint study.

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Monday, September 04, 2017

Domestic cargo registers 8.0% during FY07-17, while international cargo growth at 6.2%: study

New Delhi, 1 September, 2017: Domestic cargo has registered a growth of 8.0% at a CAGR during FY07-17, whereas international cargo grew at 6.2% annually during the same period, according to an ASSOCHAM-Yes Bank joint study.

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Friday, September 01, 2017

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