ASSOCHAM
Budget to boost investment, rural demand in country, says Assocham
Fri, Jul 05, 2019
Union Finance Minister Nirmala Sitharaman`s maiden budget is a mega investment-oriented initiative with a strong focus on scaling up rural infrastructure and demand along with a slew of tax simplification measures.
More >
Budget 2019: Assocham suggests one-time rollover by banks to address liquidity crunch
Sat, Jun 29, 2019
Union Budget 2019 India: Ahead of the Union Budget, industry body Assocham Friday suggested a one-time rollover by banks to businesses reeling under severe liquidity stress to help them tide over the difficulties. A rollover can be described as an extension or transfer of a debt or other financial arrangements.
More >
Budget 2019 Expectations: India a $5 trillion economy? Steps FM Nirmala Sitharaman may take to achieve that
Thu, Jun 27, 2019
Budget 2019 is almost on us, presentation is on July 5, and the country is waiting anxiously for major announcements from which they would derive benefits. The ball is in FM Nitmala Sitharaman court now.
More >
Assocham demands cut in effective corp tax to 25 pc, inflation indexing of allowances
Mon, Jun 03, 2019
"Government should consider decreasing the excise duty rates on ATF, in order to help aviation industry in India... Lower excise duty rates would be required to offset the impact of rising international fuel prices," it said. Assocham also demanded cut in customs duty rates on aluminium to 5 per cent from 7.5 per cent, woven backing fabric to 10 per cent from 25 per cent and on CRGO Steel and steel mill rolls to 'nil' from 5 per cent and 7.5 per cent respectively.
More >
India has an opportunity to grow amid US-China trade war: BK Goenka, Welspun Group
Thu, Jan 31, 2019
BK Goenka, Chairman Welspun Group & President ASSOCHAM, during an interview with Swati Khandelwal, Zee Business, said India can grow by 8-9 per cent if a stable government comes to power after the election is over. Edited Excerpts:
More >
How Bankruptcy, Real Estate Acts are hurting homebuyers, bankers' interests
Mon, Apr 23, 2018
Assocham cited the latest case related to an Amrapali project where the Supreme Court held that financial creditors cannot take over homes belonging to the home buyers, upholding, thus, the rights of home buyers ahead of the creditors.
More >
Need BPO-specific emergency response team: Assocham
Sat, Mar 31, 2018
"While the government and the BPO industry are taking a variety of initiatives in the cyber security domain... Assocham has suggested the government to establish a BPO sector specific computer emergency response team to minimise cyber attacks in the BPO landscape," an Assocham statement said in New Delhi
More >
PNB fraud: Overreaction to scam may hugely hurt credit flow, says Assocham
Sun, Mar 11, 2018
PNB fraud: Supporting the calls from industry for privatising public sector banks (PSBs) in the wake of the PNB scam by accused diamantaire Nirav Modi and his uncle Mehul Choksi, Assocham said that some immediate steps should be taken for capacity building in PSBs.
More >
PNB fraud: ED expands probe; Assocham asks banks not to over-react
Sun, Feb 25, 2018
Noting the reports about banks clamping down certain impractical rules and procedures for trade finance, affecting both importers and exporters in the wake of the alleged Rs 11,400 crore fraud on Punjab National Bank, Assocham said the letters of credit (LOC) or letters of undertaking (LOU) allegedly misused by the diamond traders are legitimate instruments in global trade.
More >
