News

Investment in healthcare workforce key to accelerating India's economic growth: Experts at Assocham's 'Illness To Wellness' summit ASSOCHAM Foundation for CSR, under the aegis of Associated Chambers of Commerce and Industry of India (ASSOCHAM), one of the apex trade associations of India, on Wednesday kick-started the first edition of the awareness summit on Illness to Wellness in New Delhi. The key objective of the two-day summit is to initiate a dialogue on promoting and building a New India-Healthy India'. The first session on Day 1 of the summit saw a panel of distinguished experts discuss the possible ways...
Investment in healthcare workforce key to accelerating India's economic growth: Experts at Assocham's 'Illness To Wellness' summit
Investment in healthcare workforce key to accelerating India's economic growth: Experts at Assocham's 'Illness To Wellness' summit
Source: IANS
22/03/2023 6:22:47 PM
Indian banks` gross NPAs likely to decline 90 bps to less than 5% in FY23: Assocham-Crisil study A joint study carried out by Assocham-Crisil Rating has unveiled that gross Non-Performing Assets (NPAs) of Indian banks are expected to decline 90 basis points (bps) to less than five per cent in FY23 and hit a decadal low of sub-four per cent by March 31, 2024. The study attributed the decline in gross NPAs to the post-Covid economic recovery and higher credit growth. It said the biggest improvement would be in the corporate loan segment, where gross NPAs are seen falling below two per c...
Indian banks` gross NPAs likely to decline 90 bps to less than 5% in FY23: Assocham-Crisil study
Indian banks` gross NPAs likely to decline 90 bps to less than 5% in FY23: Assocham-Crisil study
Source: Accord Fintech
10/03/2023 11:26:43 AM
Mumbai's CSMIA airport awarded the 'Best Sustainable Airport of the Year' by ASSOCHAM Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) has been awarded the 'Best Sustainable Airport of the Year' by the Associated Chambers of Commerce & Industry of India (ASSOCHAM). The award was presented by Union Minister of Civil Aviation, Jyotiraditya Scindia on Wednesday. As part of its effective implementation of Carbon Management Plan, CSMIA initiated various projects including entirely switching to green sources for its energy consumption needs, m...
Mumbai's CSMIA airport awarded the 'Best Sustainable Airport of the Year' by ASSOCHAM
Mumbai's CSMIA airport awarded the 'Best Sustainable Airport of the Year' by ASSOCHAM
Source: IANS
19/01/2023 10:58:49 AM
Incentives to manufacturing, tax cuts among major expectations: ASSOCHAM pre-Budget survey Continued focus on investment in infrastructure, further incentivising manufacturing and sustained efforts in 'Ease of Doing Business', pushing through disinvestment and leaving more money in the hands of middle and lower middle class people are amongst the major expectations of India Inc, as brought out by an ASSOCHAM pre-Budget survey. The survey, covering more than 400 people from 40 plus cities across the country, pointed towards the industry being optimistic about economic rec...
Incentives to manufacturing, tax cuts among major expectations: ASSOCHAM pre-Budget survey
Incentives to manufacturing, tax cuts among major expectations: ASSOCHAM pre-Budget survey
Source: IANS
11/01/2023 9:28:33 AM
Indian economy to stay on steady ground with strong domestic demand, healthy financial sector: Assocham The Associated Chambers of Commerce and Industry of India (Assocham) has said India's economy is expected to navigate rough global weather in 2023 due to resilient consumer demand, better corporate performance and abating of inflation, even as the year is likely to be full of challenges and opportunities. Assocham Secretary General Deepak Sood stated ‘while the global outlook seems rather tough, the Indian economy is set to stay on steady ground, helped by strong domestic demand, a ...
Indian economy to stay on steady ground with strong domestic demand, healthy financial sector: Assocham
Indian economy to stay on steady ground with strong domestic demand, healthy financial sector: Assocham
Source: Accord Fintech
3/01/2023 9:56:48 AM
Need to double income tax exemption limit to Rs 5 lakh in forthcoming Budget: Assocham With an aim that the economy gets a consumption boost, industry body Assocham has made a strong case for doubling the income tax exemption limit to Rs 5 lakh in the forthcoming Budget. Currently, the maximum amount of income which is not chargeable to income tax is Rs 2.5 lakh. In case of persons in the age bracket of 60-80 years, it is Rs 3 lakh and Rs 5 lakh for senior citizens who are above the age of 80. Assocham President Sumant Sinha opined that companies in sectors like steel and cemen...
Need to double income tax exemption limit to Rs 5 lakh in forthcoming Budget: Assocham
Need to double income tax exemption limit to Rs 5 lakh in forthcoming Budget: Assocham
Source: Accord Fintech
16/12/2022 11:20:17 AM
Demand for moderate rate hike by RBI voiced With the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expected to revise upwards the interest rate on Wednesday, industry players are voicing out for a moderation. The MPC has hiked the interest rate in recent times by 190 basis points (bps) to contain the inflation. According to Shishir Baijal, Chairman and Managing Director, Knight Frank India, out of 190 bps repo rate hike, 105 bps rise has already been transmitted in the marginal cost of funds based lending rate...
Demand for moderate rate hike by RBI voiced
Demand for moderate rate hike by RBI voiced
Source: IANS
6/12/2022 4:40:13 PM
Takeaways from RBI`s MPC meeting can be more than repo rate hike Apart from the decision on the repo rate hike by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) at its upcoming meeting, one can also expect few more things post the discussions. Economic experts expect the MPC to hike the repo rate by 25-35 basis points (bps) with industry lobby body ASSOCHAM also urging the central bank to do the same. Further it will also be interesting to see whether there will be unanimity amongst the members of the MPC on the decisions taken...
Takeaways from RBI`s MPC meeting can be more than repo rate hike
Takeaways from RBI`s MPC meeting can be more than repo rate hike
Source: IANS
5/12/2022 9:57:29 AM
Don`t hike repo rate beyond 25-35 bps, ASSOCHAM urges RBI With Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) set to meet to decide on the policy rate revision, industry lobby body ASSOCHAM has urged the former for a moderate hike. ASSOCHAM has also requested the RBI to treat retail loans for purchase of electric vehicle (EV) as priority sector lending. According to ASSOCHAM, the interest rate hike should be moderate so that the rising cost of borrowing does not have an adverse and disproportionate impact on the nascent econ...
Don`t hike repo rate beyond 25-35 bps, ASSOCHAM urges RBI
Don`t hike repo rate beyond 25-35 bps, ASSOCHAM urges RBI
Source: IANS
3/12/2022 9:12:48 AM
Dignity for people with reduced mobility is a human rights issue: Sminu Jindal of Svayam Dignity for people with reduced mobility can be ensured through an inclusive environment that can be used by everyone, regardless of age, gender, ethnicity or disability as it is essentially a human rights issue, said Sminu Jindal MD, Jindal Saw Ltd., Founder and Chairperson, Svayam, an initiative of S.J. Charitable Trust that has been working towards providing independence and dignity to people with reduced mobility. Svayam has been engaged in making various public places accessible for a...
Dignity for people with reduced mobility is a human rights issue: Sminu Jindal of Svayam
Dignity for people with reduced mobility is a human rights issue: Sminu Jindal of Svayam
Source: IANS
4/11/2022 11:35:57 AM
Nearly 80% SMEs expect pick up in orderbook in coming months Nearly 80 per cent of the Small and Medium Enterprises (SMEs) expect an increase in their domestic orderbook in the third quarter of calendar year, sequential improvement of five percentage points from the second quarter. As per the latest Industry survey by Assocham-Dun & Bradstreet, riding on improved confidence, small businesses participating in the survey intend to raise their capacity utilisation to 60 per ent in Q3 of calendar year of 2022, up from 55 per ent in Q2 2022. Optim...
Nearly 80% SMEs expect pick up in orderbook in coming months
Nearly 80% SMEs expect pick up in orderbook in coming months
Source: IANS
24/08/2022 3:18:09 PM
Air Passenger volume likely to double to 400mn: Jyotiraditya Scindia Growth opportunities for airlines are tremendous as passenger volume will double from 200 million currently to 400 million over the next seven to 10 years", said Jyotiraditya Scindia, Union Minister for Civil Aviation on Tuesday. Speaking at an ASSOCHAM event on CEOs' Roundtable discussion, the Minister said that aviation is competing closely with the railways in the air-conditioned segment. "The railways today carries 125 million passengers in 1st and 2nd AC, airlines on ...
Air Passenger volume likely to double to 400mn: Jyotiraditya Scindia
Air Passenger volume likely to double to 400mn: Jyotiraditya Scindia
Source: IANS
24/08/2022 9:42:13 AM
ASSOCHAM names Valocity for excellence in innovation & technology at India Fintech Festival Mumbai : Valocity, a global Fintech company has won the “Excellence in Innovation & Technology Award" at the Associated Chambers of Commerce and Industry of India (ASSOCHAM) India International Fintech Festival. The award was received by Valocity India CEO, Sovan Mandal, in the presence of esteemed dignitaries, officials and representatives of industries and commerce including honorary guest and Ex Finance Secretary, Mr. Subhash Chandra Garg. The festival is India’s ...
ASSOCHAM names Valocity for excellence in innovation & technology at India Fintech Festival
ASSOCHAM names Valocity for excellence in innovation & technology at India Fintech Festival
Source: PR Agency
17/06/2022 9:23:10 AM
RBI's decision to raise policy rate to help economy in medium term: Sumant Sinha Industry body Assocham President Sumant Sinha has said the Reserve Bank of India’s (RBI) decision to raise the benchmark lending rate by 50 basis points to 4.9 per cent will help the Indian economy in the medium term. The central bank has raised the repo rate for the second time in five weeks. Earlier, it had raised the short term lending rate by 40 basis points (bps) on May 4. Assocham President Sumant Sinha said through a clearly well-coordinated approach between the RBI and Financ...
RBI's decision to raise policy rate to help economy in medium term: Sumant Sinha
RBI's decision to raise policy rate to help economy in medium term: Sumant Sinha
Source: Accord Fintech
10/06/2022 12:04:53 PM
Assocham pitches for duty-free import of coal, availability of railways rake to deal with power supply issues The Associated Chambers of Commerce and Industry of India (Assocham) has made a case for duty-free import of coal, greater availability of railways rake to transport the dry fuel and different rate of diesel for captive generators for dealing with power supply issue amid summer. It would urge states and discoms not to differentiate against commercial consumers in power supply. This is critical because growth in industrial production remains muted despite the overall economic recovery. Asso...
Assocham pitches for duty-free import of coal, availability of railways rake to deal with power supply issues
Assocham pitches for duty-free import of coal, availability of railways rake to deal with power supply issues
Source: Accord Fintech
27/04/2022 10:51:09 AM
India's economic growth in 2022-23 could spring a surprise: ASSOCHAM Despite the Covid-19 pandemic, India's economic growth in the upcoming financial year, i.e., 2022-23, can be surprising on the higher side, ASSOCHAM Secretary General said on Monday. "While the 8-8.5 per cent GDP projections for FY23 are on the back of a high base of 9.2 per cent in the current financial year, ASSOCHAM is of the view that India's economic growth can surprise us on the higher side. "Even as the pandemic is still raging in most parts of the world, its la...
India's economic growth in 2022-23 could spring a surprise: ASSOCHAM
India's economic growth in 2022-23 could spring a surprise: ASSOCHAM
Source: IANS
1/02/2022 8:39:39 AM
RBI 's continued support for economic recovery is laudable: Assocham Mumbai, 9th December 2021: ASSOCHAM welcomes the announcement by the RBI Monetary Policy Committee to keep the policy interest rates unchanged, given the fledgling nature of the economic recovery from a severe impact of Covid-19 pandemic, said ASSOCHAM Secretary General Mr Deepak Sood. ''We completely agree with the statement of Governor Mr Shaktikanta Das that even as the economic recovery has been regaining traction, it is not yet strong enough to be self-sustaining and durable. ...
RBI 's continued support for economic recovery is laudable: Assocham
RBI 's continued support for economic recovery is laudable: Assocham
Source: PR Agency
9/12/2021 3:16:42 PM
RBI should continue with accommodative interest rate stance to push economic growth: ASSOCHAM Industry body -- the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has said that the Reserve Bank of India (RBI) should continue with an accommodative interest rate stance as long as necessary to sustain and further push the pace of economic growth. It said that while concerns over inflation, especially in the Wholesale Price Index (WPI), need to be addressed, measures other than reversal of the accommodative stance should be encouraged. It said ‘The RBI and its Mo...
RBI should continue with accommodative interest rate stance to push economic growth: ASSOCHAM
RBI should continue with accommodative interest rate stance to push economic growth: ASSOCHAM
Source: IANS
25/11/2021 9:32:15 AM
ASSOCHAM seeks wage support, interest subvention to help industry face Covid challenges Recommending a slew of relief measures, including regulatory easing, an ASSOCHAM paper has said that the government should consider wage support mechanism and interest subvention for the MSMEs, which are reeling under the severe impact of the Covid-19 pandemic that has shown its heightened fury in the second wave. Even as the states are in the process of easing lockdowns, the trade and industry would need an all-round support to pick up their business thread again, after halt or near-halt ...
ASSOCHAM seeks wage support, interest subvention to help industry face Covid challenges
ASSOCHAM seeks wage support, interest subvention to help industry face Covid challenges
Source: IANS
3/06/2021 9:20:19 AM
Need of concentrated and right kind of relief package for MSME sector: Assocham president Industry body Assocham president Vineet Agarwal has expressed need of a 'concentrated and right kind' of relief package for MSME sector, which was most affected by covid-19 pandemic. Besides, Agarwal said that banks should increase working capital limit of MSMEs by 20 per cent but not charge any extra collateral. Secondly, re-classification of NPAs of MSMEs should be done. Thirdly, street vendors, small shopkeepers should be provided with some sort of relief, direct benefit, workin...
Need of concentrated and right kind of relief package for MSME sector: Assocham president
Need of concentrated and right kind of relief package for MSME sector: Assocham president
Source: Accord Fintech
24/05/2021 4:09:11 PM