The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Devise back up minimum income schemes for those losing jobs due to automation: ASSOCHAM-PwC Paper

With the Indian IT and other industries facing some of the daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a strong case for government –industry schemes which ensure a minimum income to those displaced , along with basic health facilities for the families in stress.

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Sunday, April 30, 2017

Centre to consider legal aspects & hold discussions with judiciary on Insolvency and Bankruptcy Code: Arjun Ram Meghwal

The Union Government will implement the Insolvency and Bankruptcy Code after considering all the legal aspects, inputs and hold discussions with the judicial authorities to ascertain their thoughts, Minister of State for Finance, Mr Arjun Ram Meghwal said at an ASSOCHAM event held in New Delhi today.

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Friday, April 28, 2017

Cyprus seeks Indian investments to enhance ties: Nicos Anastasiades

H.E. Mr Nicos Anastasiades, Hon`ble President of the Republic of Cyprus urged Indian industry to invest in the country`s key areas including banking and finance, shipping and transportation, education, science and technology, pharmaceuticals, renewable energy and tourism in order to stimulate trade and investments between the two countries said at `India –Cyprus Business Session` jointly organized by ASSOCHAM, CII and FICCI.

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Thursday, April 27, 2017

Need to urgently create ecosystem to make new IPR Policy successful: Suresh Prabhu

Though the government has come out with a National Intellectual Property Rights (IPR) Policy to promote a robust intellectual property (IP) environment across India, we need an ecosystem to take a good idea to a logical end even before it is commercialised, Union Railway Minister, Mr Suresh Prabhu said at an ASSOCHAM event held in New Delhi last night.

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Thursday, April 27, 2017

ASSOCHAM advocates MAT exemption for sick companies under debt restructuring

Apex Industry body ASSOCHAM has advocated continuation of the exemption from MAT (Minimum Alternative Tax) by the insertion of a suitable substitution of or addition to the Income Tax Act in respect of the restructuring under the insolvency & banking code 2016.

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Tuesday, April 25, 2017

PEs/VCs backed firms to offer exit options to promoter funds, via IPO, M&As: ASSOCHAM-Deloitte

Many private – equity and venture capital backed companies are expected to tap into the capital market this year, even as mergers and acquisitions (M&As) have emerged as another favourable exit route for the PEs and VCs in India, according to an ASSOCHAM-Deloitte Study.

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Saturday, April 22, 2017

Layoffs in IT not ruled out; sector reeling under visa curbs, rising rupee: ASSOCHAM

With the US tightening the norms for H-1B visas under the President Donald Trump’s ‘Buy American, Hire American’ campaign, the Indian IT companies are bound to face disruptions by way of higher costs and even some laying off work force back home, as the rising rupee is aggravating the situation further for the technology export firms, an ASSOCHAM paper has cautioned.

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Wednesday, April 19, 2017

Indian Nutraceuticals industry to touch US$ 8.5 billion by 2022: study

Indian nutraceuticals market is expected to cross from a value of US$ 2.8 Billion in 2015 to a value of US$ 8.5 Billion by 2022, according to the joint study brought out by ASSOCHAM and RNCOS.

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Tuesday, April 18, 2017

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