Search For "assocham"
NPAs, less debt appetite road blocks for bank lending despite deposit pile
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec 1 (ANI): Despite banks filled with huge deposits following demonetization, a very high level of non-performing assets and reducing appetite for more loans from the over-leveraged industry would come in the way of increased bank lending despite bond yields falling even
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FDI in telecom sector registers six to seven fold increase; to cross USD 1
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 30 (ANI): The foreign direct investment (FDI) attracted by the telecom sector in India has jumped to more than USD 10 billion in first eight months of 2016-17 registering a six to seven fold increase as against USD 1.3 bn in 2014-15 and USD 2.9 bn in 2015-16, Telecom S
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ASSOCHAM collaborates with Tally Solutions to simplify GST for the Retail
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov.28 (ANI): The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Tally Solutions Pvt. Ltd., the premier Indian software product company, today, signed a Memorandum of Understanding (MoU) to demystify, educate and train the retail community for the rol
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ASSOCHAM urges govt. to ease cash limits for logistic fleet operators
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov. 26 (ANI): As India Inc supports Prime Minister Narendra Modi's battle against black money, the ASSOCHAM has urged the government to consider among other relief measures, increasing the cash withdrawal limits for logistic and transport fleet owners since they need
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Textiles Ministry concentrating on new markets to boost handloom,handicraf
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 25 (ANI): The Union Textiles Ministry is looking to concentrate on new markets and opportunities for local handloom and handicraft sector as many global companies are willing to tie-up with Indian weavers and artisans, Rashmi Verma, Textiles Secretary said at an ASSOCH
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Indian luxury sector may touch USD 18.5 bn this year; need to create own l
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 25 (ANI): The luxury market in India is likely to touch USD 18.5 billion (bn) in 2016 as against USD 14.7 bn last year and will clock a compounded annual growth rate (CAGR) of 25 percent, chief executive officer (CEO) of NITI Aayog (National Institution for Transformin
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Farm produce worth Rs 3.8K crore traded through e-NAM till Nov.16, says Ra
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov.24 (ANI): Farm produce worth Rs 3,841 crore has been traded through electronic-National Agriculture Market (e-NAM) till November 16 in 250 wholesale markets connected to this platform, Union Agriculture and Farmers Welfare Minister, Radha Mohan Singh said at an ASSOCHA
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M-wallet, digital payment cos. must win customers' trust for widespre
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 22 (ANI): With a view to win customers' trust, companies operating in the mobile-wallet sector should take measures like providing effective, completely secure, private and reliable services, 3-D or OTP (one time password) security options, data back-up system and
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Insolvency, Bankruptcy Code may help unlock NPAs worth Rs. 25k crore over
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 21 (ANI): Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs. 25,000 crore capital currently locked up in non-performing assets (NPAs) over next four to five years, noted a recent ASSOCHAM-Crisil joint study.
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Deploy more mobile ATMs in areas with larger workforce, says Bandaru Datta
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 18 (ANI): The Union Labour Ministry has requested the Finance Ministry for deploying more mobile automated teller machines (ATMs) in areas like construction sites and others where there is workforce in large numbers, Minister of State (I/C) for Labour and Employment, M
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Standing against black money; ASSOCHAM urges govt. for relief to SMEs, tra
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 17 (ANI): Assuring Prime Minister Narendra Modi of India Inc's full support in the fight against black money and corruption, the ASSOCHAM today said though the short term hardship would lead to long-term cleaning up of the economy, some immediate relief should be
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Reduce corporate tax to 25 percent, ASSOCHAM to Govt.
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 16 (ANI): In its pre-Budget presentation with the Finance Ministry, the ASSOCHAM has sought immediate reduction in the corporate tax to 25 percent to attract more investment in the country while for driving the consumption led demand, income tax for individuals should
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