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Business chamber Assocham has in its pre-Budget memorandum to the Union Finance Ministry sought a rationalization of TDS (tax deduction at source) rates with a single rate of 1 per cent or 2 per cent for all payments to avoid litigation on interpretational issues and ensure ease of tax compliance. The suggestions in the presentation relating to direct taxes also sought decriminalisation of certain TDS (Tax Deduction at Source) defaults, as the provisions relating to the same are qui...
Assocham seeks TDS rate rationalisation in Budget for 2025-26
After a successful 5G rollout, the country is now taking lead in 6G as the ‘Digital India’ initiative transforms the economy, with the Jan Dhan, Aadhaar and Mobile (JAM) trinity emerging as a solid foundation block, experts said here on Friday. Sumnesh Joshi, Deputy Director General, Ministry of Communications said that the country has seen one of the fastest roll out of 5G services across the world and has taken the lead in 6G. Addressing an event organised by Assocha...
India takes lead in 6G after record 5G roll out: Experts
Indian Railways has electrified 95 per cent of its vast 68,000 km track network to emerge as the largest green railway in the world, according to a senior official of the Ministry of Railways. Mukul Saran Mathur, Additional Member, Railway Board, said that the railway system caters to two crore passengers daily and has recently operated over 5,000 special trains to assist migrant workers. He highlighted the Vande Bharat trains as a “flagship product” in India’s rail...
India has largest green railway network with 95 pc track electrification
India Inc would be an active partner in the national resolve to make India a developed nation by 2047 when we celebrate 100 years of our independence, apex industry chamber Assocham said on Thursday. Sharing the optimism of Prime Minister Narendra Modi in his 78th Independence Day address, the industry body said he has a great ability to connect with the people of the country. “His address would reinforce enthusiasm of 140 crore Indians to work together and realise the natio...
India Inc to be an active partner towards Viksit Bharat mission: Assocham
Debt issuances and corporate bond issuances exceeded $105 billion in the last financial year (FY24) and new equity issuances was about $25 billion, underlining the depth of Indian bond markets, Pramod Rao, Executive Director, Securities and Exchange Board of India (SEBI), said on Friday. Speaking at an Assocham event in the national capital, Rao said they are examining proposals to expand the thematic bonds to encompass social sustainability, sustainability-linked bonds, the securiti...
Indian bond market issuances cross $105 billion in FY24, $25 billion new equity issued
On the occasion of National Doctor’s Day, ASSOCHAM CSR Council, under the ‘Illness to Wellness’ initiative, recognised the unwavering dedication of doctors in alleviating pain and suffering in society by providing yeoman service. Acknowledging the tireless work carried out by the doctors throughout the year, ‘Illness to Wellness’ saluted the community of extraordinary men and women who dedicate their lives towards ensuring the health and well-being of ci...
ASSOCHAM Illness to Wellness salutes doctor fraternity on National Doctor`s Day
The Reserve Bank of India’s (RBI) unwavering focus on price stability for a sustainable economic growth would further cement the foundation for a long and robust run for the Indian economy, top trade body Assocham said on Friday. While the policy stance of the RBI, Monetary Policy Committee (MPC) is on expected lines, the GDP forecasts of 7.2 per cent for the FY 2024-25, along with its resolve to further moderate inflation, are reassuring macro indications which can be leverage...
RBI`s focus on price stability to further cement foundation for robust economy: Assocham
We at ASSOCHAM ( Associated Chambers of Commerce and Industry of India) are glad to inform you that we are organising 2nd Edition of India International Fintech Festival 2024 and Awards on 18th and 19th July 2024 in Hotel Lalit New Delhi. The idea is to bring policymakers, regulators, central bankers, thought leaders, and senior industry professionals together to drive meaningful dialogues and actions in the fintech ecosystem. This year’s theme is Fintech: Power...
2nd India International Fintech Festival 2024
Wishing You a very Happy New Year 2024 The vision of Digital India has set a new global benchmark for leveraging digital technologies for inclusive growth, good governance, and empowerment. Artificial intelligence (AI) and the innovations surrounding it have significantly altered the way that industries, consumers, and businesses operate nowadays. Governments and organizations around the world are investing in and focusing heavily on AI. Data is the basic building block for any A...
ASSOCHAM 6th Global AI Leadership Meet 2024
India as the second-largest buyer of gold in the world can play a crucial role in the global economic order as central banks are still buying the precious metal in large quantities, Alok Kumar Choudhary, Managing Director, State Bank of India (SBI), said on Friday. "We have also seen how India can be the fulcrum in setting up global economic corridor," he said while addressing the 15th International Gold Economic Forum organised here by ASSOCHAM. While the gold standard might ...
`India as big gold buyer can play key role in world economic order`
ACCA, the Association of Chartered Certified Accountants and the Associated Chambers of Commerce and Industry of India (ASSOCHAM), today announced the signing of a Memorandum of Understanding (MoU) for increased collaboration between the two entities. Through this MoU, ACCA and ASSOCHAM will work together to promote mutual cooperation for the advancement of their respective members and the growth of businesses. The MOU sets out a framework for the parties to explore opportunities for...
ACCA and ASSOCHAM sign MoU to promote mutual cooperation and business growth
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