The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Stress assets of banks may notch upto Rs.10 lakh crore in Q4: ASSOCHAM

Given the slowdown in certain important sectors like steel, textiles, aluminium etc, and the ongoing Asset Quality Review (AQR), may push stressed assets of the banks to Rs 10 lakh crore mark in the fourth quarter of the current fiscal, reveals the ASSOCHAM latest study.

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Sunday, April 17, 2016

India is drying out leading to Latur like situation : ASSOCHAM-Skymet study

With prominent increase in the number of hot days and day and night temperatures , India is drying out marked by persistent moisture deficit conditions which are translating into Latur like water crisis, according to a latest study jointly taken by ASSOCHAM and Skymet Weather Services

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Friday, April 15, 2016

World Bank should increase financial commitment from 5% to at least 15% for renewable energy sector development in India: Secretary, MNRE

IR looking for international funding to harness renewable energy potential: Member (electrical), Railway Board The global financial institutions including the World Bank should provide a clear roadmap and increase their financial commitment from five per cent to at least 15 per cent as finance has been the biggest challenge in development of renewable energy sector in India owing to high cost of capital, a top New & Renewable Energy Ministry official said at an ASSOCHAM event held in New Delhi today.

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Thursday, April 14, 2016

Govt. action plan on climate change; implement climate resilient technologies: Secretary, Ministry of Agriculture

The government is doing all efforts to make Indian Agriculture climate resilient but considering the challenges, there is still lot more to be done in terms of scale of implementation and adoption more climate resilient technologies, said Mr Shobhana K. Pattanayak, Secretary, Ministry of Agriculture & Farmers Welfare at an ASSOCHAM event held in New Delhi today.

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Wednesday, April 13, 2016

GST will settle issues regarding double taxation of software: Commissioner of Service Tax

Introduction of goods and services tax (GST) will help settle the issue of double taxation on some transactions like in case of information technology software, a top Finance Ministry official said at an ASSOCHAM event held in New Delhi today.

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Wednesday, April 13, 2016

New Civil Aviation Policy to address issues of ‘opening up skies’ & ‘regional connectivity’ aggressively: Secretary, Tourism

New Tourism Policy to emphasise on promoting MICE tourism in India The new civil aviation policy of the union government which is quite on the cards, will address both the issues of opening up the skies and regional connectivity in a very aggressive and fulfilling manner, a top Tourism Ministry official said at an ASSOCHAM event held in New Delhi today.

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Tuesday, April 12, 2016

ASSOCHAM seeks government intervention for betterment of Jewellery industry

Industry body ASSOCHAM National Council on Gems & Jewellery said today we should form a gold council which would have representation from both the industries as well as government so that any new gold policy which is announced should be in consultation with the industry so there are no more conflicts.

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Tuesday, April 12, 2016

Industry loosing Rs 350 cr/day due to ambiguity over policy on graphic health warning on tobacco products: ASSOCHAM

Tobacco industry is facing losses worth over Rs 350 crore each day as cigarette makers have been forced to shut operations due to lack of clarity on proposed graphic health warnings on tobacco items and opened floodgates in terms of illegal imports to the extent of 90 per cent, apex industry body ASSOCHAM said today.

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Tuesday, April 12, 2016

ASSOCHAM Reaction: IIP for February 2016

Terming the February 2016 IIP numbers ‘encouraging,’ apex industry body ASSOCHAM said that it is pleased to see the positive industrial growth figures as industrial production had been in the negative territory for the last three months.

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Tuesday, April 12, 2016

Let Panama papers noise not drown out legal overseas transactions: ASSOCHAM

In the backdrop of screaming headlines on the ‘Panama Papers’ and some prominent Indian entities and individuals figuring among them, as much as $1.32 billion (about Rs 9,000 crore) was remitted out of India in a perfectly legal way under the RBI’s Liberalised Remittance Scheme (LRS), apex industry body ASSOCHAM stated today.

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Monday, April 11, 2016

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