Assocham

  • Bihar's agri-food industry may touch Rs1 lakh crore by 2015: ASSOCHAM 14-04-2014 06:26 PM

    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...
  • Lok Sabha polls fuelling growth in tourism industry: Assocham 10-04-2014 06:00 PM

    The country's tourism industry is witnessing a boom thanks to the ongoing Lok Sabha polls, which have fuelled interest in foreign visitors to throng the nation to witness electioneering in the world's largest democracy, according to an Assocham study. During the election period (April-May), there is likely to be an...
  • Survey shows Delhi resident rescheduling holiday plans to cast vote 04-04-2014 05:18 PM

    Eager to cast their vote, about 69 per cent of the people residing in the national capital have scrapped plans to take advantage of holidays next week and head out of town, according to an Assocham survey. Most offices are likely to be closed on Tuesday, April 8, due to...
  • Maharashtra replaces Gujarat as top investment destination: Assocham 03-04-2014 03:01 PM

    New Delhi: Maharashtra has emerged as the number one investment destination in the country replacing Gujarat, according to an Assocham report. Maharashtra attracted cumulative investment proposals of Rs 14,73,466 crore as on December 2013, while Gujarat drew proposals worth Rs 13,98,347 crore, an analysis by the industry group showed. The...
  • Set economic agenda for polls: Assocham to political parties 21-02-2014 07:42 PM

    In view of the upcoming General Elections, industry body Assocham on Friday urged political parties to set an economic agenda to weed out corruption, develop infrastructure and usher financial reforms to create sufficient jobs through economic growth of 9 per cent. In a note submitted to the political parties for...
  • Parties with conflicting ideologies bad for growth: Assocham 15-02-2014 08:24 PM

    New Delhi: Industry body Assocham on Saturday said governments at the Centre and the states formed by parties with conflicting ideologies would hit the country's economic prospects. "If parties with sharp conflicting political and economic ideologies come together and form the government in the states and at the Centre, economic...
  • Do away with toll plazas; devise new revenue model: Assocham 13-02-2014 07:47 PM

    New Delhi: A day after Maharashtra witnessed agitations against toll plazas, industry body Assocham on Thursday suggested the government do away with toll collection in this format and devise a new model on the lines of the one operational at airports across the country. "The model of user charges of...
  • Uttarakhand needs to encourage pvt investments, create more jobs: Assocham 03-02-2014 09:39 PM

    Industry body Assocham on Monday asked Uttarakhand Chief Minister Harish Rawat to encourage privateinvestments, create more jobs and promote healthcare sector to help the hill state achieve speedy economic growth. Congratulating Rawat on his appointment as the new Chief Minister of the hill state, Assocham Secretary General D S Rawat...
  • WEF offers platform to project Mumbai as top intenational financial centre: Assocham 21-01-2014 04:34 PM

    As the World Economic Forum Annual Meeting begins in Davos on Tuesday, leading Indian chamber Assocham's President Rana Kapoor has sought to utilise this opportunity to project the potential of Mumbai as a top International Financial Centre. There have been many efforts in the past to develop Mumbai into an...
  • Posco project will inspire South Korean firms to invest in India, says President Park Guen-hye 17-01-2014 05:48 PM

    The success of Posco's $12 billion steel project in Odisha will inspire and determine investments by other major Korean firms in India, South Korean President Park Geun-hye said on Friday. Addressing a business meeting in Seoul, Park, who is on a four-day state visit here, hoped that the Posco plant...
  • Assocham welcomes special package for Uttarakhand 16-01-2014 09:27 PM

    Welcoming the five-year extension to a special package of industrial incentives given to Uttarakhand by the Centre, industry body Assocham on Thursday said it will give a fillip to industrial promotion and job creation in the flood-ravaged state. "It will give the much-needed thrust to industrial promotion and new job...
  • Assocham backs special category status demand by Bihar 17-11-2013 05:44 PM

    Bihar needs special category status to sustain an impressive growth rate and also push inclusive growth of the country, industry body Assocham has said. The chamber has submitted a memorandum to the Centre, pushing Bihar's case for the grant of special status to enable it to catch up with other...
  • Ghana president John Dramani Mahama to visit India 04-11-2013 07:28 PM

    Ghana President John Dramani Mahama will pay an official visit to India Nov 10-13, the external affairs ministry said on Monday. The president will be accompanied by Ghana's ministers of foreign affairs, finance and economic planning, trade and industry and information and media relations besides senior government officials. He will...
  • Indians go online for Diwali shopping: Survey 01-11-2013 02:41 PM

    Security concerns, heavy discounts, abundant choices and rising fuel prices are some of the reasons why many Internet savvy Indians have shifted to online shopping this Diwali, says an Assocham survey. This could expand e-commerce business by 250 per cent this festive season in major cities, it said. "Online buying...
  • Rate hike to hit already subdued investments, growth: India Inc 29-10-2013 05:08 PM

    Hike in the key interest rate by RBI on Tuesday will hit the already weak investment momentum and impact India's economic growth, India Inc said. "This has disappointed the industry especially as the investment climate continues to be weak and growth outlook remains muted as a high interest rate regime...
  • Assocham writes to PM over 'half baked cases' being slapped on industrialists 25-10-2013 08:01 AM

    New Delhi: Assocham has written a strongly worded open letter to Prime Minister Manmohan Singh complaining against half baked cases being slapped on industrialists. The letter was written in the backdrop of the Central Bureau of Investigation naming Aditya Birla Chairman Kumar Mangalam Birla as an accused in the coal...
  • Assocham writes to PM, says concerned over CBI probe 23-10-2013 04:01 PM

    Taking a strong note of CBI slapping case against Kumar Mangalam Birla in Coalgate, Assocham has sought Prime Minister's intervention to end the "environment of distrust" which had arisen due to "half-baked cases" against industry leaders, cautioning this could further impair decision making. "We find ourselves in a situation where...
  • Most B-school grads unlikely to land plum jobs this year: Survey 09-10-2013 04:52 PM

    New Delhi: Stung by slowdown that has gripped the economy, a majority of B school graduates are unlikely to land plum jobs this year, owing to campus hirings dropping by a staggering 40 to 50 per cent, according to a study. Barring top-rung institutes like the IIMs, most business schools...
  • RBI's move to cut MSF will curtail volatility, lower banks' borrowing costs: Assocham 08-10-2013 03:49 PM

    Welcoming the RBI's move to cut the marginal standing facility (MSF) rate, industry body Assocham on Tuesday said the step will curb volatility in the interest rates and lower cost of borrowing for banks. "I firmly believe that the cut in MSF rate will help reduce volatility in the interest...
  • India must have a contingency plan if US defaults on debt: Assocham 03-10-2013 06:27 PM

    New Delhi: India must have a "contingency plan" in place to ring-fence the country's economy if the political showdown in the US leads to a default on its international monetary obligations, industry body Assocham said. "As of now, the indications suggest there is a prolonged battle while there are only...
  • UP ranks highest in new investments in real estate sector: ASSOCHAM 30-09-2013 01:47 PM

    UP has been ranked top with maximum share of about 40 per cent in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal, industry body ASSOCHAM said on Monday. Interestingly, the total new investments in real estate...
  • Separate cell should oversee Uttarakhand hydel projects' recovery: Assocham 23-09-2013 03:19 PM

    Industry body Assocham on Monday said the Centre should set up a separate cell for overseeing rehabilitation of hydel projects which have suffered huge losses due to the recent calamity in Uttarakhand. "The Central government needs to set up a separate cell in partnership with the state government for overseeing...
  • Excessive regulation can impede financial innovation, says C Rangarajan 16-09-2013 02:27 PM

    Pitching for a non-restrictive regulation in the financial sector, Prime Minister's key economic advisor C Rangarajan said on Monday that too many norms can impede financial innovations. "Too little regulation may encourage financial instability, but too much of it can impede financial innovations which are badly needed," he said at...
  • Bengal's Durga Puja industry to touch Rs.40,000 crore in 2015 09-09-2013 10:59 PM

    Kolkata:West Bengal's Durga puja industry is growing at a compound annual growth rate (CAGR) of about 35 percent and is expected to touch Rs.40,000 crore by 2015 from its current size of Rs.25,000 crore, according to an industry lobby Monday. "Despite falling rupee, rising inflation and slowdown in the economy,...
  • 85% fall in tourist traffic in Uttarakhand due to floods: ASSOCHAM 31-07-2013 02:13 PM

    The June flood disaster in Uttarakhand has badly hit the tourism, the largest employment providing sector in the hill state, causing a steep fall of 85 per cent in tourist traffic. While the 'char dhams' may take years to recover from the damages caused by the natural calamity, even places...
  • PM to meet industry leaders to discuss economic problems 29-07-2013 09:50 AM

    New Delhi: Prime Minister Manmohan Singh will meet industry leaders on Monday to hold a discussion on key problems plaguing the Indian economy. Problems relating to slow growth rate of the economy, the depreciation of the rupee and the nation's Current Account Deficit are on the agenda. The meeting comes...
  • Uddhav stays silent on Modi, says we have many leaders who can be PM 19-07-2013 02:37 PM

    New Delhi: Shiv Sena chief Uddhav Thackeray on Friday chose to remain silent on the prime ministerial aspirants, which also include BJP poll panel chief and Gujarat Chief Minister Narendra Modi. When asked about Modi after the ASSOCHAM annual meeting, Thackeray wondered if India had any national leader at all....
  • PM defends UPA's reforms, says will ensure that the economy rebounds 19-07-2013 10:53 AM

    New Delhi: Prime Minister Manmohan Singh on Friday expressed concerns over economic slowdown and volatility in foreign exchange markets but at the same time defended his government's policies saying it is committed to bringing the situation under control. Addressing the Assocham meet, Manmohan Singh said, "I know there are concerns...
  • Middle-class Indians hard hit by rupee's fall: Survey 20-06-2013 08:20 PM

    New Delhi: As the Indian rupee slumps to new lows, the country's middle class has been forced to cut back on eating out, buying branded products or new cars, studying abroad etc. as their monthly expenditure has risen by 20 per cent, a study by Assocham revealed on Thursday. The...