The Associated Chambers of Commerce & Industry of India

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Press Releases

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

Keep implementation of guidelines for FDI in e-commerce in abeyance for 6 months: ASSOCHAM plea

Apex industry body ASSOCHAM has urged the government to keep the implementation of its guidelines for Foreign Direct Investment (FDI) in e-commerce segment in abeyance for six months.

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Thursday, March 31, 2016

Large corporates should recuse from awards & encourage smaller cos.: Piyush Goyal

Large corporates in India should recuse themselves from award ceremonies and instead encourage smaller companies and people who really need to be encouraged, union power minister, Mr Piyush Goyal said at an ASSOCHAM event held in New Delhi today.

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Thursday, March 31, 2016

Introduce `equalisation levy` as part of Income-tax Act rather than as separate levy under Finance Act: ASSOCHAM plea

Stipulation for taxing 60% of commuted amount & financial limit of Rs 1.50 lakhs in terms of taxability of employer’s contribution in superannuation fund be withdrawn Apex industry body ASSOCHAM today suggested the government to introduce the ‘equalisation levy’ as part of Indian Income-tax Act itself and not as a separate chapter in the Finance Act.

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Wednesday, March 30, 2016

Gujarat, Maharashtra contribute 46% to India’s exports; share of top 5 is 69%: ASSOCHAM study

Reflecting how skewed is India’s export base, two states – Gujarat and Maharashtra, account for more than 46 per cent of the merchandise consignments from the country and with the addition of three next best performing sources of shipments, the top five states claim over 69 per cent of India’s entire export earnings, according to the latest study by apex industry body ASSOCHAM.

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Tuesday, March 29, 2016

Over 84% projects stuck in different stages of implementation: Study

Pvt. players show poor interest in irrigation development in India Over 84 per cent of total investments attracted by irrigation sector in India as of FY 2014-15 have remained stuck in various stages of implementation, while all investment projects in irrigation sector in Chhattisgarh and West Bengal have remained stuck the scenario was no different in Gujarat, Andhra Pradesh, Punjab and Jharkhand where almost 99 per cent of such investments have remained stuck, noted a recent sector-specific ASSOCHAM study.

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Monday, March 28, 2016

Rising interest of online trading amongst the young investors: ASSOCHAM Survey

With easy availability of gadgets, use of superior technology, rising internet speed and access to analyst information, there is steep rise of over 76% of online trading among the young investors in the last couple of years as a primary source of additional income reveals the ASSOCHAM survey.

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Sunday, March 27, 2016

Odisha tops with 17% share in total investments attracted by manufacturing sector in India: Study

Odisha has recorded max. share of 31% in cost-escalation faced by delayed projects across India Odisha has topped with over 17 per cent share in the total live investments worth about Rs 33 lakh crore attracted by manufacturing sector across India, according to a recent study by apex industry body ASSOCHAM.

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Friday, March 25, 2016

India to have 160 million smartphone users by 2017: ASSOCHAM

Affordability, large subscribers' base pushing smart phones sales: study With in-built camera and other internet-enabled features, sales of smart phones in India are set to shoot up to 160 million in FY' 17 from 100 million in FY' 16 on the back of prices becoming affordable for a larger number of people, coupled with replacement of ordinary phones with the smart devices at a rapid pace, an ASSOCHAM study has pointed out.

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Wednesday, March 23, 2016

Made in China colours & sprinklers much sought after this Holi: Survey

Local colour & waterguns’ manufacturers facing losses up to 75% Local manufacturers of sprinklers, balloons and colours in states like Uttar Pradesh, Rajasthan, Madhya Pradesh, Gujarat and others are facing huge losses as ‘Made in China,’ water guns, wet and dry colours are selling like hot cakes in almost all markets across India ahead of Holi - annual festival of colours, noted a just-concluded survey-cum-analysis by ASSOCHAM.

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Tuesday, March 22, 2016

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