Industry lobby Assocham Sunday said any higher taxes on the super rich will affect business sentiment in a time of economic slowdown. Backed by a corporate sector survey, the chamber said that instead of higher taxes for the rich, the government should focus more on high growth. ...
05:22 PM, Feb 24, 2013
The annual railway budget should focus on safety and modernisation, industry association Assocham said on Friday. Assocham said its team interviewed 7,000 people representing all sections in 20 cities and 60 per cent of them voted in favour of a moratorium on new passenger trains. ...
04:41 AM, Feb 23, 2013
Industry body Assocham on Wednesday expressed the fears that the loss to GDP due to the strike by central trade unions could be about Rs 26,000 crore, higher than its initial estimate of Rs 15,000-20,000 crore. ...
01:15 AM, Feb 21, 2013
The country braced for a two-day nationwide strike called by 11 trade unions from Wednesday in support of their demands with banking, insurance and transport sector likely to be affected in some states. ...
07:25 PM, Feb 19, 2013
Industry body Assocham on Tuesday urged central trade unions to call off the two-day strike starting on Wednesday saying that the economy would take a hit of Rs 15,000 crore to Rs 20,000 crore due to disruptions. ...
07:10 PM, Feb 19, 2013
Women are scared and hesitant to work in night shifts after the gangrape and murder of 23-year-old paramedical student in Delhi, according to an ASSOCHAM survey. ...
05:19 PM, Jan 08, 2013
Mumbai: Industry body Assocham on Monday suggested a bailout for the grounded Kingfisher Airlines following the government's decision to rescue the ailing national carrier Air India, saying there is no difference in the financial woes of both the airlines. The suggestion comes within days of reports that LIC and the Employee Provident Fund Organisation (EPFO) snapped up the entire Rs 7,400-crore bond issue of the debt-ridden Air India. "If Air...
05:21 PM, Nov 26, 2012
New Delhi: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has backed the UPA government over the reform measures announced by it recently, saying they were "vitally needed at this point of time". A statement released by the ASSOCHAM after the withdrawal of support by Mamata Banerjee's Trinamool Congress to the UPA has said that it fully supports the Union government on the move. Though the body admitted...
07:03 PM, Sep 19, 2012
New Delhi: Expressing serious concerns over contraction in industrial production, industry on Thursday called for immediate policy measures to boost investments in the country. "The June IIP numbers are disappointing and are a cause for serious concern. Any further decline in GDP growth will have a deleterious effect on employment and on consumer demand," CII said in a statement. Echoing views, FICCI President RV Kanoria said: "This calls for immediate...
03:30 PM, Aug 09, 2012
Thiruvananthapuram: The corporate employees of Kochi stand third among other cities in the country switching over to ayurvedic treatments to combat high stress levels. A study conducted by the The Associated Chambers of Commerce and Industry of India (Assocham) revealed that 72 per cent of the corporate employees are turning to treatments like naturopathy, massage, acupuncture and acupressure. The survey titled, Demand of homeopathic and ayurvedic medicines in metros was...
01:43 PM, Aug 07, 2012
Ahmedabad: Gujarat has emerged as the top investment destination in the country attracting proposals worth over a staggering Rs 16.28 lakh crore, industry body Assocham said on Tuesday. "Clocking a share of 13.52 per cent in total investments of over Rs 120.34 lakh crore across 20 states (till 2011-end), Gujarat has emerged as the most lucrative investment destination attracting highest number of proposals (MoUs), worth over Rs 16.28 lakh crore,"...
07:30 PM, Jul 31, 2012
New Delhi: India's reputation will reach greater heights under the leadership of new President Pranab Mukherjee, India Inc said on Wednesday. The country and the Indian industry will surely benefit from Mukherjee's counsel and leadership, FICCI Secretary General Rajiv Kumar said. "We are confident that with him at the helm, India's image and reputation as a front runner in the economic league of nations will reach new heights and the...
10:48 PM, Jul 25, 2012
New Delhi: Close on the heels of railways increasing parcel rates by 25 per cent, the freight charges will go up by about 3.6 per cent from July 1 with imposition of service tax. "The government had given service tax exemption on goods carried by railways till June 30, 2012. From July 1 using railways to transport goods will come under service tax net," Central Board of Excise and Customs...
04:22 AM, Jun 08, 2012
New Delhi: The packaged food industry in India is likely to double by 2015 to touch $30 billion from the current $15 billion owing to the rise in income, changing urban lifestyle and modern retail trade, says a study. The main categories of packaged food are bakery products, canned processed food, frozen processed food, meal replacement products and condiments. Some emerging new categories in this segment are processed dairy products,...
01:53 PM, Apr 29, 2012
Kolkata: The growth of industry in West Bengal had been slow, but the state has the potential competitive strengths in some industrial activities, RBI Deputy Governor Subir Gokarn on Sunday said. "West Bengal is exploring a long-term strategy for industrialisation as the relative growth performance in the last decade was not encouraging," Gokarn said at a seminar on West Bengal organised by industry body Assocham on Sunday. "In the last...
04:59 AM, Apr 02, 2012
New Delhi: Army Chief General VK Singh on Friday stressed on independent capability in the defence industry while pointing out that the industry has grown many folds in the last few years. Addressing an ASSOCHAM meet, General Singh said, "The Indian defence industry has grown. We need to be self reliant and maintain independent capability." Speaking of private participation in the defence industry, General Singh said, "The private sector participation...
11:53 AM, Mar 30, 2012
New Delhi: With India edging past China as the world's largest arms importer, an industry body has sought increase in Foreign Direct Investment (FDI) in the defence sector to 100 per cent from the existing 26 per cent to attract advance military technology to India and for curbing large-scale imports. India currently imports 70 per cent of its military equipment and system needs from abroad, with Russia, Israel and the...
11:25 AM, Mar 25, 2012
New Delhi: Expecting a GDP growth of about 7 per cent in 2012-13, India Inc on Thursday called for implementation of economic reforms and fiscal consolidation. "Domestic factors are more important for India's GDP growth and global conditions play only a marginal role. Therefore, greater attention is needed on implementing reforms," Ficci Secretary General Rajiv Kumar said. The chamber expects that the GDP growth in 2012-13 would be around 7...
04:55 PM, Mar 15, 2012
New Delhi: Industry body Assocham on Friday urged the government to reduce excise duty on branded garments to one per cent from 10 per cent at present. "The Rs 1.5 lakh crore industry, providing direct employment to 60 lakh people, has witnessed lower growth due to hike in excise duty, rising material and labour costs and increase in interest rates," The Associated Chamber of Commerce and Industry of India said....
06:41 PM, Mar 09, 2012
New Delhi: A delegation of industry chamber Assocham, led by its newly-elected president Rajkumar Dhoot along with DLF chief KP Singh, will meet the Prime Minister on Tuesday over the impact of Supreme Court judgement cancelling 2G licences. "The meeting with the Prime Minister will cover issues related to the industry overall and in particular the development after the Supreme Court cancelling 122 2G licences," a source said. Swati Piramal...
11:43 PM, Mar 05, 2012
