The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

I-T Dept. has issued notices to 1 lakh crypto currency investors: CBDT chairman

New Delhi, February 6, 2018: The Income Tax Department has issued about one lakh notices to people who have invested in crypto currencies like Bitcoin and have not declared it in their income tax return, CBDT (Central Board of Direct Taxes) chairman, Mr Sushil Chandra said at an ASSOCHAM event held in New Delhi today.

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Tuesday, February 06, 2018

Only 3% workers worry their health care: ASSOCHAM Survey

New Delhi, February 5, 2018: Despite increase in life-style diseases, only 3% of workers are worried about their future health since majority of it is hardly able to spare resources beyond meeting their daily needs and the absence of any affordable health services provided by corporates to majority of its employees, reveals ASSOCHAM survey.

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Monday, February 05, 2018

RBI need not react to bond yields, MSP for interest rate review: ASSOCHAM

New Delhi, February 3, 2018: The Reserve Bank of India should not over-react to the high yield pressures of the bond market, along with the government promising a substantial revision in the Minimum Support Price for farmers and refrain from going in for any hike in the benchmark policy lending rates when the Monetary Policy Committee meets on February 7, the ASSOCHAM has said.

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Sunday, February 04, 2018

ASSOCHAM expects RBI to keep key interest rates unchanged in its Feb 7 monetary policy review

Mumbai, February 2, 2018: Apex industry body ASSOCHAM expects the Reserve Bank of India (RBI) to keep key interest rates unchanged in its monetary policy review due on February 7, more so as inflation is forecast to stay high as it breached the authority’s target.

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Friday, February 02, 2018

Budget puts the money where mouth is: ASSOCHAM

New Delhi, February 1st, 2018: Finance Minister Mr Arun Jaitley has placed a huge emphasis on agriculture and rural India, allocating bulk of resources to tinterior landscape, while helping the middle class salaried employees along with relief to senior citizens, measures which would boost consumer demand and help revive economic growth, said ASSOCHAM president, Mr Sandeep Jajodia.

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Thursday, February 01, 2018

India trails developed debt markets by miles: ASSOCHAM-Crisil study

New Delhi, January 30, 2018: With a meagre 35 per cent and 17 per cent debt market penetration in Government securities (G-secs) and corporate bonds, India is trailing developed economies like the United States of America (USA) where it is 83 per cent and 123 per cent respectively, noted a recent ASSOCHAM-Crisil joint study.

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Tuesday, January 30, 2018

Survey on dot in identifying farm sector, education and job creation as key priority areas: ASSOCHAM President

New Delhi, 29th January 2018: Economic Survey for 2017-18 has brought out areas of concern such as rising non-performing assets of the public sector banks and has underlined the need, rightly so, for putting maximum emphasis on creating new jobs, agriculture and education, said ASSOCHAM President Mr Sandeep Jajodia.

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Monday, January 29, 2018

Budget 2018: ASSOCHAM bats for domestic paper & paperboards industry

New Delhi, January 24, 2018: Apex industry body ASSOCHAM has urged the Centre to re-impose 10 per cent customs duty on import of paper and paperboards from ASEAN (The Association of Southeast Asian Nations).

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Wednesday, January 24, 2018

Male grooming product market to grow at 45% CAGR: ASSOCHAM

New Delhi, January 23, 2018: The rising aspiration among Indian men to look better groomed, rapid urbanization and increasing per capita income has led to the Indian men’s grooming market’s rapid growth of more than 45% in the last 5 years, reveals the ASSOCHAM latest report.

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Tuesday, January 23, 2018

Study forecasts gross NPAs to rise to Rs 9.5 lakh crore by March ’18

New Delhi, January 22, 2018: With Indian banking sector currently under stress, gross NPAs are expected to rise from March 2017 level of Rs 8 lakh crore to Rs 9.5 lakh crore as on March 31, 2018 i.e. about 10.5 per cent of total advances, while stressed assets are expected to be at Rs 11.5 lakh crore, noted a just-concluded ASSOCHAM-Crisil joint study.

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Monday, January 22, 2018

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