The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

PSU banks in sweet spots; market mop up can well exceed Rs 58K crore: ASSOCHAM

If the change of perception for PSU banks, post the mega capital infusion scheme is any indication, dilution of government equity, up to 52 per cent in the state-owned lenders can fetch valuation much higher than the estimated potential of Rs 58,000 crore as provided in the Rs 2,11,000 crore re-capitalisation plan, an ASSOCHAM report has said.

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Sunday, October 29, 2017

Power Ministry to amend law to make obligations under PPAs & RPOs statutory binding: RK Singh

New Delhi, October 26, 2017: The Government will soon amend the law making obligations under power purchase agreement (PPA) statutory binding thereby ensuring that all discoms have PPAs to cover 100 per cent requirement and it has convened a meeting of energy ministers of all states on November 10-11 in this regard, Union Power Minister, R.K. Singh said at an ASSOCHAM event held in New Delhi today.

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Thursday, October 26, 2017

Educational institutes must mould courses to impart demand-driven training: Manish Sisodia

New Delhi, October 25, 2017: The educational institutes imparting technical, professional and applied science training must mould their courses making them more relevant and useful for industry, deputy chief minister of Delhi, Mr Manish Sisodia said at an ASSOCHAM event held in New Delhi today.

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Wednesday, October 25, 2017

Govt. to soon appoint more judges in NCLT: PP Choudhary

New Delhi, October 25, 2017: The government will soon appoint more judges in the National Company Law Tribunal (NCLT) which has been facing problems in handling large number of cases dealing with stressed assets under the new insolvency regime, Union Minister of State for Law & Justice and Corporate Affairs, Mr P.P. Choudhary said at an ASSOCHAM event held in New Delhi today.

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Wednesday, October 25, 2017

Up to half of milk, fruits & veggies produced in India goes waste due to poor cold chain infra: Study

New Delhi, October 24, 2017: Despite India being world’s largest producer for milk and second largest producer of fruits and vegetables, about 40 to 50 per cent of the total production valued of $440 billion (bn) ends up wasting, noted a recent ASSOCHAM-MRSS India study.

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Tuesday, October 24, 2017

GST, demonetisation may impact Indian wedding market growth: ASSOCHAM

New Delhi, October 23, 2017: The upcoming wedding season starting in November may be impacted by 10-15 per cent particularly wedding services like marriage garden/marriage hall booking, tent booking, confectionery services, photography and more, reveals by industry chamber ASSOCHAM.

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Monday, October 23, 2017

Indian travel tourism industry to grow by 2.5%: study

New Delhi, October 21, 2017: The travel and tourism industry has supported in 2016 over 25, 400,000 jobs i.e., 5.8 percent of the total employment and has tremendous potential to rise by 2.5 percent provided the budgetary allocation was enhanced from the current 0.9% of the total allocation to atleast 0.15% in 2018-19.

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Sunday, October 22, 2017

Fire crackers ban in NCR: Responsibility for clean air lies on all, says ASSOCHAM

New Delhi, 21 October 2017: Expressing concern over poor implementation of the Supreme Court ban order on sale of fire crackers in the Delhi–NCR, the ASSOCHAM today said ensuring a clean environment should be a combined responsibility of the Centre, state governments, civil society and public at large and not of the apex court alone.

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Saturday, October 21, 2017

35-40% slashing in corporate gifts this Diwali: ASSOCHAM Survey

New Delhi, 18th October 2017: In sync with the low-key festivities due to slowdown concerns and pressure on their balance-sheets, corporate India is going rather lukewarm in Diwali gifts this year to its associates, networked partners, employees and other key personalities, slashing the budget by at least 35-40 per cent under this head, an ASSOCHAM survey has noted.

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Wednesday, October 18, 2017

Average family to spend Rs. 10,000 on this Diwali: ASSOCHAM survey

New Delhi, October 17, 2017: About 68 per cent families to spend in the range of Rs. 5,000 to Rs.10,000 on the occasion of Diwali which is slightly lower than the last year, a quick survey by ASSOCHAM-Social Development Foundation (ASDF).

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Tuesday, October 17, 2017

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