Assocham

  • Over Rs 5,000 crore loss to J&K economy due to floods: Assocham 21 hours 0 minutes ago

    New Delhi: Devastating floods in Jammu and Kashmir have caused an immediate loss of Rs 5,400-5,700 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

    CNN-IBN'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 Modi-led 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 ear-to-ground approach. "Prime Minister Narendra Modi has...
  • Economic Survey presents realistic macro-economic picture: India Inc July 9, 2014

    New Delhi: Terming the Economic Survey 2013-14 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 high-speed freight network and offering services like e-business 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 industry-friendly 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...
  • Lok Sabha polls fuelling growth in tourism industry: Assocham April 10, 2014

    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 upsurge...
  • Survey shows Delhi resident rescheduling holiday plans to cast vote April 4, 2014

    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 Ram...
  • Maharashtra replaces Gujarat as top investment destination: Assocham April 3, 2014

    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 primary...
  • Set economic agenda for polls: Assocham to political parties February 21, 2014

    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 consideration...
  • Parties with conflicting ideologies bad for growth: Assocham February 15, 2014

    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 growth...
  • Do away with toll plazas; devise new revenue model: Assocham February 13, 2014

    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 the...
  • Uttarakhand needs to encourage pvt investments, create more jobs: Assocham February 3, 2014

    Industry body Assocham on Monday asked Uttarakhand Chief Minister Harish Rawat to encourage private investments, 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 said...
  • WEF offers platform to project Mumbai as top intenational financial centre: Assocham January 21, 2014

    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 IFC,...
  • Posco project will inspire South Korean firms to invest in India, says President Park Guen-hye January 17, 2014

    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 would...
  • Assocham welcomes special package for Uttarakhand January 16, 2014

    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 generation...
  • Assocham backs special category status demand by Bihar November 17, 2013

    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 developed...
  • Ghana president John Dramani Mahama to visit India November 4, 2013

    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 hold discussions...
  • Indians go online for Diwali shopping: Survey November 1, 2013

    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 trends...
  • Rate hike to hit already subdued investments, growth: India Inc October 29, 2013

    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 deters...
  • Assocham writes to PM over 'half baked cases' being slapped on industrialists October 25, 2013

    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 October 23, 2013

    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 half-baked...
  • Most B-school grads unlikely to land plum jobs this year: Survey October 9, 2013

    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 are...
  • RBI's move to cut MSF will curtail volatility, lower banks' borrowing costs: Assocham October 8, 2013

    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 rate...