The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

India Inc. must formulate strong anti-fraud programme to reduce risk on account of corporate fraud: ASSOCHAM-Grant Thornton study

Companies across India must implement an anti-fraud framework to mitigate the risks evolving from illegal activities as pressure of uncertain markets, escalating input costs, high labour turnover, advent of technology and others provide significant opportunity and incentives for fraudsters to commit financial frauds, noted an ASSOCHAM-Grant Thornton joint study.

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Wednesday, November 23, 2016

M-wallet/digital payment cos. must win customers’ trust for widespread adoption, says study

With a view to win customers’ trust, companies operating in the mobile-wallet sector should take measures like providing effective, completely secure, private and reliable services, 3-D or OTP (one time password) security options, data back-up system and others to spread awareness among people, suggested an ASSOCHAM-RNCOS joint study.

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Tuesday, November 22, 2016

Insolvency and Bankruptcy Code may help unlock NPAs worth Rs 25K crore over next 5 yrs: ASSOCHAM-Crisil study

Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs 25,000 crore capital currently locked up in non-performing assets (NPAs) over next 4-5 years, noted a recent ASSOCHAM-Crisil joint study.

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Monday, November 21, 2016

Cash crunch fall-out: Non-bank payment players to witness huge growth, says ASSOCHAM Paper

One of the immediate fall outs of the demonitisation of high value notes would be a mushrooming growth in the number of non-bank players like Paytm and Free charge into the payment business, as more and more retailers in the goods and service value chain would be compelled to shift to non-cash modes for customer transactions, an ASSOCHAM Paper has said.

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Sunday, November 20, 2016

Deploy more mobile ATMs in areas with large no. of workforce: Bandaru Dattatreya to FinMin

The Union Labour Ministry has requested the Finance Ministry for deploying more mobile automated teller machines (ATMs) in areas like construction sites and others where there is workforce in large numbers, Minister of State (I/C) for Labour and Employment, Mr Bandaru Dattatreya said at an ASSOCHAM event held in New Delhi today.

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Friday, November 18, 2016

Reduce corporate tax to 25%, ASSOCHAM to Govt.

In its pre-Budget presentation with the Finance Ministry, the ASSOCHAM has sought immediate reduction in the corporate tax to 25% to attract more investment in the country while for driving the consumption led demand, income tax for individuals should also be reduced along with upward revision in the exemption limit upto Rs 5 Lakhs.

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Wednesday, November 16, 2016

NHAI to develop highways relevant to increase logistics & competitive efficiency of freight: Raghav Chandra

The National Highways Authority of India (NHAI) is developing those highways which are extremely relevant from the point of view of increasing the logistics and competitive efficiency of the freight, its chairman, Mr Raghav Chandra said at an ASSOCHAM event held in Mumbai today.

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Tuesday, November 15, 2016

Proper structuring of infra funding imperative to reduce stressed assets: N.S. Vishwanathan

There is a need for proper structuring of infrastructure funding as stressed assets account for close to about 16-17 per cent of the total advances to infrastructure sector, deputy governor of the Reserve Bank of India (RBI), Mr N.S. Vishwanathan said at an ASSOCHAM event held in Mumbai today.

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Tuesday, November 15, 2016

Hire retired bank staff; others on big scale to deal with demonetisation: ASSOCHAM

Assuring the government of India Inc's support against corruption and black money, the ASSOCHAM today impressed upon the government to mobilise all resources across different departments and hire retired bank staff on a massive scale to expedite the currency swapping and withdrawal of cash with minimum inconvenience to the public.

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Monday, November 14, 2016

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