Category Archives: ASSOCHAM

Total credit demand for MSME sector stands at Rs 45 lakh crore over medium term

msme-sector_indianbureaucracy
While Rs 45 lakh crore would be the total credit demand for the micro, small and medium enterprises (MSME) sector over the medium term, about Rs 5.15 lakh crore needs to be mobilised to address the near-term requirement, noted an ASSOCHAM-Crisil joint study.“Finance related issues pose the biggest challenge among the host of other factors hindering growth… Read More

Demand for mosquito repellents, insecticides soar

ASSOCHAM_indianbureaucracy

Fast rising cases of dengue and chikungunya have lead to a sharp increase of demand for mosquito repellents and insecticides by 45-50 per cent in the last few weeks and the sale of these products is likely to further shoot up on health concerns arising out of water logging and lack of adequate sanitation in major cities, more so in the North including the National… Read More

4G telecom service to rake in Rs 80,000 cr in less than four year

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Amidst unfolding intense competition in the mobile data market, an ASSOCHAM-KPMG Paper expects a slew of data based services by the leading telecom operators even as the high speed 4G connections would account for 17 per cent of the total user base by 2020 with revenue in the range of Rs 80,000 crore.

The entire business mix of the telecom industry is going to witness… Read More

Urjit R Patel takes charge as RBI Governor

Urjit R. Patel_indianbureaucracy

Dr. Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013. He was re-appointed as Deputy Governor on January 11, 2016 after completion of his first three-year term of office. Among his assignments as Deputy Governor, Dr. Patel chaired the Expert… Read More

Provide waiver on unintentional mistakes in compliance of GST during transition

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ASSOCHAM will bring forth before the Empowered Committee (EC) of State Finance Ministers certain concerns and areas of uncertainties while pleading for waiver of any penalties on unintentional compliance errors which may occur during the transition period of Goods and Services Tax (GST) said at an ASSOCHAM Managing Committee meeting held in New Delhi .… Read More

SIT recommendation to ban cash transactions above 3 lakh under consideration: CBDT Chief

ASSOCHAM_indianbureaucracy
The government is considering the recommendation of Special Investigation Team (SIT) on black money to ban cash transactions above Rs three lakh, a top Finance Ministry official said at an ASSOCHAM event held in New Delhi.“The SIT recommendations are under consideration. As far as the Income Tax Department is concerned, we have put a one per cent TCS (Tax… Read More

Canal & dam based rooftop plants

ASSOCHAM_indianbureaucracy

Canal and dam-based rooftop plants can not only produce power but can also potentially save 25 per cent of water evaporation losses in India where water is a critical infrastructure, a recent ASSOCHAM-EY joint study said.

“Besides, higher maintenance cost comes with less or no cost of land and water and energy security are addressed simultaneously,” … Read More

Study finds India registering 350% rise in cybercrime in 3 years

ASSOCHAM_indianbureaucracy

In India, there has been a surge of approximately 350% in cybercrime cases registered under the Information Technology (IT) Act, 2000 from the year of 2011 to 2014, a recent ASSOCHAM-PwC joint study said.

The Indian Computer Emergency Response Team (CERT-In) has also reported a surge in the number of incidents handled by it, with close to 50,000 security incidents… Read More

Indian mobile tower firms set to increase tenancy ratios by 2.9 by 2020

ASSOCHAM_indianbureaucracy
Due to the expansion of 3G and onset of 4G technologies, telecom tower industry’s tenancy ratios will increase to 2.9 times by March 2020 from 1.95 times as of March 2015, according to an ASSOCHAM-KPMG joint study.Tenancy ratio refers to the number of tenants (operators) who have put up their antennae and other active infrastructure on the towers. Increase… Read More

Bengaluru most hospitable to tech startup

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Bengaluru is host to the largest share of technology driven start-ups, followed by the Delhi NCR and Mumbai while Hyderabad and Chennai are also quite popular among the techies who are budding entrepreneurs, according to an ASSOCHAM study.

The study done in association with the ‘Thought Arbitrage’ found that in the technology driven start-ups, India… Read More

Need to promote research & innovation in homeland security

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There is a need to promote homeland security in the public-private partnership (PPP) mode and encourage research and innovation to speedily tackle threats posed by terrorism to internal security, Minister of State for Home Affairs, Mr Hansraj Gangaram Ahir said at an ASSOCHAM event held in New Delhi today.

“Though we are employing manual force in the form… Read More

Vegetable prices soar while wholesale-retail price gap as high as 80%

ASSOCHAM_indianbureaucracy

Prices of most of vegetables like potato, cabbage, chilly, tomato, cauliflower, brinjal and okra have seen a price rise between 20 and 100 per cent, hit by low arrivals of the harvest in the mandis during the April-July period of 2016 and what is most worrying is that the trend is visible during the peak season of production, an ASSOCHAM comprehensive study on … Read More