The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Effective steps to provide women entrepreneurial awareness programs: Deputy Chief Minister, Uttar Pradesh

Lucknow, September 18, 2017: There is a need for multi-dimensional approach from different sector from government, financial institutions, individual women entrepreneurs for a flexible integrated and coordinated specific approach for development and promotion of women, said Mr Keshav Prasad Maurya, Deputy Chief Minister, Uttar Pradesh at an ASSOCHAM event held in Lucknow today.

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Monday, September 18, 2017

Petrol/diesel prices not market driven, but tax driven, Centre, states should cut levies: ASSOCHAM

New Delhi, September 16, 2017: Consumer is getting restive about a three year high in the petrol and diesel prices because he/she feels the concept of market-determined rates was tampered with by frequent tax hikes when the crude oil prices fell steeply and are ruling at exactly half the level of USD 107 per barrel in May, 2014 even after rising in the last three months .

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Saturday, September 16, 2017

Global e-waste poised to surge from 47.8 MT to 49.8 MT by 2018: study

New Delhi, September 15, 2017: The global quantity of e-waste is expected to touch 49.8 Mt (million tonnes) by 2018 from the current level of 47.8 million tonnes, with an annual growth rate of 4 to 5 per cent, according to an ASSOCHAM-Sofies-Toxics Link joint study.

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Friday, September 15, 2017

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

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