ASSOCHAM

  • Monsoon in 2015 likely to remain normal: Report 4 days ago

    New Delhi: India is likely to witness a normal monsoon across the country in 2015, but rainfall in some pockets might be deficient, says a study. According to the Assocham-Skymet Weather joint report, the damage to Rabi crop due to unseasonal rains shall continue and a major spell of rainfall...
  • Tamil Nadu number one state on development parameters: Assocham March 15, 2015

    New Delhi: Tamil Nadu has been ranked as the best performing state on eight out of nine development parameters like economy, power, roads and health while Kerala secured the second slot, according to an Assocham study. Except for education, Tamil Nadu remained the best performing state in all other parameters. Kerala...
  • Budget to pave way for double-digit growth, expand demand: India Inc February 28, 2015

    New Delhi: Feeling upbeat about Union Budget 2015-16, India Inc expressed the confidence that the proposals have laid down the roadmap for taking India to double-digit growth and the steps to add money in the hands of the consumers would add a lot of comfort to them and help expand...
  • Union Budget 2015: ASSOCHAM demands inclusive economic growth and comprehensive jobs creation February 25, 2015

    New Delhi: The MSME sector employs nearly 10 crore people and accounts for over 95 per cent of the total number of industrial enterprises. It contributes about 45 per cent of the manufacturing output and 37.5 per cent of the GDP while accounting for 40 per cent of the total...
  • Dharmendra Pradhan says probe will reveal truth behind leak of documents from Oil Ministry February 22, 2015

    New Delhi: After the Delhi Police busted a corporate espionage ring over leak of Ministry of Petroleum and Natural Gas document, Oil Minister Dharmendra Pradhan on Sunday said probe will reveal the truth. "Why did they break the lock in midnight they will have to tell? Proper investigation is taking place...
  • Remove secrecy regarding decision making to rid India of corporate espionage cases: Assocham February 22, 2015

    New Delhi: Three days after the Delhi Police busted a corporate espionage ring over leak of Ministry of Petroleum and Natural Gas document, trade body Assocham said the only way to rid India of such cases is by removing the secrecy regarding decision making. In a statement released, the organisation...
  • AAP government will be able to make Delhi a global city: India Inc February 14, 2015

    New Delhi: Indian industry on Saturday exuded confidence that the AAP government will be able to make the National Capital as a global city and improve ease of doing business scenario to attract investments. PHD Chamber appealed to new Chief Minister Arvind Kejriwal not to...
  • India Inc says no change in economy performance in last 6 months February 1, 2015

    New Delhi: Painting a dismal picture of the economy during the last six months of 2014, India Inc on Sunday said not much had changed on the ground at the industry level during the period falling within the Narendra Modi-led government's tenure. The industry chamber's respondents were, however, optimistic that things...
  • Higher excise duty to hit demand, industrial growth: Assocham December 31, 2014

    New Delhi: Industry body Assocham on Wednesday said that the withdrawal of excise duty concessions for cars and durable goods will spell a death knell for the industrial growth and the decision was not in the spirit of Make in India. "At a time when manufacturing output has been declining...
  • Sugar consumption to cross 29 million tonnes in 5 years: Study November 4, 2014

    New Delhi: Sugar consumption in India is likely to cross 29 million tonnes in about 5 years on account of growing urbanisation and changing food habits, says a study. "With a share of over 15 per cent in global sugar consumption of about 168.73 million tonnes, India has emerged as...
  • Industry hopes new Maharashtra government will fast-track infra projects October 30, 2014

    Mumbai: As the BJP is set to form the next government in Maharashtra on Friday, industry experts want the new chief minister to expedite the delayed infrastructure projects in the state and revive investment in key sectors by removing bureaucratic bottlenecks. Devendra Fadnavis, 44, a four-term MLA from Nagpur, will...
  • Sebi-DLF case: Assocham questions role of intermediaries October 15, 2014

    New Delhi: Terming Sebi's action against DLF as "harsh", industry body Assocham on Wednesday questioned the role of merchant bankers, advisors and other intermediaries involved in a public offer process and said "regulatory activism" should not hamper business environment. Sebi has slapped a three-year ban on realty major DLF as well...
  • Assocham for allowing FDI in e-commerce retailing October 12, 2014

    New Delhi: Pitching for FDI in e-commerce retailing, industry body Assocham today said the Flipkart fiasco should not be used as an excuse by the government to over-regulate the e-commerce business which is in its infancy. "The Flipkart incident resulting in inconvenience to enthusiastic customers on the Diwali offer should...
  • Food map will help investors find right locations: Harsimrat Kaur Badal September 29, 2014

    Ahmedabad: Union Minister for food processing industry Harsimrat Kaur Badal on Monday said her ministry had created a district-wise 'food-map' to help investors find best locations to set up plants. Speaking at industry body ASSOCHAM's sixth international summit on food processing, agri-business and dairy here, Badal said, "When I took over...
  • US business, policymakers keen to engage with India: Assocham September 26, 2014

    New Delhi: American businesses and policy- makers are keen to engage with India as they see enormous potential in the country's economy backed by the execution capabilities of the Narendra Modi-led Government, according to a survey done by industry body Assocham in the US. Prime Minister Modi is currently on his...
  • SC ruling on coal blocks likely to hit economy: India Inc September 24, 2014

    New Delhi: The Supreme Court's mass cancellation of coal block licences will cause serious supply disruptions and accentuate the power crisis, and is likely to impact the economy by jeopardising investments in the sector, India Inc said on Wednesday. "The decision taken by the Supreme Court to cancel all but four...
  • German electronic firms interested in India, says Ravi Shankar Prasad September 23, 2014

    New Delhi: Days before Prime Minister Narendra Modi plans to launch 'Make in India' programme to boost local manufacturing, Telecom Minister Ravi Shankar Prasad on Tuesday said that German electronic firms have shown interest in India. "I had gone for a week to see electronic manufacturing...
  • Over Rs 1,000 crore damage to apple crop in J&K floods: Assocham September 20, 2014

    New Delhi: Over Rs 1,000 crore worth of apple crop has been damaged in Jammu and Kashmir because of devastating floods, and consumers across the country should be prepared to pay high prices during the coming festival season, said an Assocham study. "Floods have washed out Kashmir apple's crop worth Rs...
  • Over Rs 5,000 crore loss to J&K economy due to floods: Assocham September 14, 2014

    New Delhi: Devastating floods in Jammu and Kashmir have caused an immediate loss of Rs 5,4005,700 crore to the state's economy, with heavy damages to trade, hotels, restaurants, horticulture and handicraft, according to initial estimates of industry body Assocham. Jammu and Kashmir has been hit by the worst floods in over...
  • We are expecting a lot of business to move into India: ASSOCHAM President September 1, 2014

    CNNIBN's Smita Sharma who is in Tokyo, tracking Prime Minister Narendra Modi's visit to Japan, spoke to ASSOCHAM President Rahul Sharma. Sharma said, "we have been expecting a lot of business to move into India, 180 to 200 billion dollar investment from Japan. Made in India is Modi's focus, and...
  • Corporates find marked difference in government functioning in 100 days: Assocham August 31, 2014

    New Delhi: In a thumbs up for the Narendra Modiled NDA government ahead of completion of 100 days in office, most corporate leaders are finding a marked difference in style of functioning of the government with a strong focus on accountability and execution with eartoground approach. "Prime Minister Narendra Modi has...
  • Economic Survey presents realistic macroeconomic picture: India Inc July 9, 2014

    New Delhi: Terming the Economic Survey 201314 as a "realistic" assessment of the current picture, India Inc on Wednesday hoped that the Budget will address key issues like infrastructure development and implement measures outlined in the document to revive growth. "The bold reform measures outlined in the Economic Survey need to...
  • Assocham for Rs 40,000 cr budgetary support to Railways July 7, 2014

    New Delhi: Ahead of Railway Budget, industry body Assocham on Monday asked the government to provide Rs 20,000 crore each for next two years in form of a soft loan or a grant to upgrade and plug all loopholes in the Indian Railways. The industry chamber said the financial assistance will...
  • Rape cases discouraging foreign tourists from visiting MP: ASSOCHAM June 18, 2014

    Growing atrocities against women including rape incidents have discouraged foreign tourists from visiting tourist destinations in Madhya Pradesh, said ASSOCHAM national secretary general DS Rawat on Wednesday. He was in the city for releasing a report on tourism sector in Madhya Pradesh. Clocking Compounded Annual Growth Rate (CAGR) of a staggering...
  • UP law and order situation to affect inbound tourism: Assocham June 10, 2014

    Deteriorating law and order situation and incidents of rape in Uttar Pradesh, reverberating in the global media, will leave an adverse impact on the tourism sector of the country, an Assocham report has said. About half of the total foreign tourists visit India to see Taj Mahal (Agra), Golden Temple (Amritsar),...
  • Assocham submits mega plan to transform Railways June 5, 2014

    Industry body Assocham on Thursday submitted a mega plan to Railways Minister D V Sadananda Gowda to turn railways into an "engine of growth" through capacity addition, developing highspeed freight network and offering services like ebusiness and entertainment to passengers. The proposed mega plan, to be initiated now and completed by...
  • Arun Jaitley begins consultations for his maiden national budget June 5, 2014

    Finance Minister Arun Jaitley on Thursday began consultations with various stakeholders ahead of the final national budget to be presented next month, in the first such exercise both for him and the Narendra Modi government. The finance minister first met with representatives of the farm sector, including noted agriculture scientist and...
  • Assocham suggests steps to give boost to affordable housing May 20, 2014

    New Delhi: Aiming to facilitate affordable housing in the country, Assocham has suggested measures like grant of infrastructure status to housing sector, digitization of land records, easing of norms for FDI in real estate and allowing insurance and pension funds to invest in the sector. "Given the slowdown in the...
  • India Inc lay out agenda for new government May 19, 2014

    New Delhi: Pitching for a more industryfriendly business climate, India Inc on Monday asked the incoming government led by Narendra Modi to initiate steps aimed at promoting investments and reviving manufacturing, while putting in place a non adversarial tax regime. "They need to resolve the retrospective and other taxation matters and...
  • Bihar's agri-food industry may touch Rs1 lakh crore by 2015: ASSOCHAM April 14, 2014

    Agriculture and food industry in Bihar has the potential to reach Rs.1 lakh crore by 2015, says a study of industry association ASSOCHAM. Bihar's abundant agro-based raw materials available at competitive prices, cattle wealth, water resources and above all a pro-active industrial policy would help achieve the mark, the study says. "About...