Category Archives: ASSOCHAM

IBM India Skills Forum: Encouraging STEM education & empowering girls to be tomorrow’s tech innovators

IBM India Skills Forum

India is now the sixth-largest economy in the world, with a 2017 GDP of $2.6 trillion, according to the database of the International Monetary Fund’s World Economic Outlook (WEO) for April 2018.  The country’s labour force is also expected to grow significantly and touch 160-170 million by 2020, based on rate of population growth, increased labour force … Read More

Bankruptcy Code to help deepening of corporate bond market | ASSOCHAM

Insolvency and Bankruptcy Board of India
India’s corporate bond market which forms 17 per cent of the country’s GDP against 123 per cent in the US and 74 per cent in South Korea, is highly concentrated in the AAA rated bonds, which may change over time, once the Insolvency and Bankruptcy Code (IBC) brings about successful resolution of stressed asset cases in a time bound manner, an ASSOCHAM-CRISIL
Read More

Roadmap to promote aircraft manufacturing on the anvil | Suresh Prabhu

Suresh Prabhu
The Government is preparing a roadmap to promote manufacturing of aeroplanes in India to ensure growth of country’s aviation sector, union minister, Mr Suresh Prabhu said at an ASSOCHAM event held in New Delhi today.
“The growth in aviation would need at least 1,000 aeroplanes to be brought by India, but if we just continue to buy it, over a period of time we will
Read More

Air cargo industry must grow 12.9% annually to achieve national aviation policy target

Air cargo industry
The Indian cargo industry needs to grow at a rate of about 12.9 per cent every year from 2018 to 2027 to achieve National Civil Aviation Policy (NCAP 2016) vision of reaching cargo volumes of 10 million tonnes (MT) by 2027, noted a recent ASSOCHAM-Auctus Advisors joint study.
“There is an urgent need to uplift Indian cargo market to achieve the overall vision of
Read More

Simple & easy to enrol plans needed for people without any fixed investment pattern

ASSOCHAM
Life insurance is the most preferred investment instrument to achieve financial goals for almost two-thirds (70 per cent) of millennials closely followed by mutual funds (69 per cent) and fixed/recurring deposits (64 per cent), according to a recent survey jointly conducted by ASSOCHAM and IndiaFirst Life Insurance.
“Higher cover at lower premium rates,
Read More

ASSOCHAM participates in PMs Swachhata hi Sewa Campaign

ASSOCHAM
Apex industry body ASSOCHAM today joined Prime Minister Narendra Modi’s ‘Swachhata hi Sewa Campaign’, by organising ”Swachchata Shramdaan” at Aanchal Special School at Chanakya Puri,  in the national capital today. 
 
Besides cleaning the premises of the school for differently-abled children by its staff, the ASSOCHAM also organised
Read More

Smart cities must have a vector control component | Health Ministry

Smart cities
The smart cities must have a vector control component which needs to be included in strategic planning for urban development, said a top government official from Ministry of Health & Family Welfare at ASSOCHAM Dialogue on Protecting Communities: Vector Control in Action summit held in New Delhi today.
Globally,   around    80%   of   the entire
Read More

Government suggest exporters to comply with domestic & International standards

ASSOCHAM
There is a need for testing food products in order to ensure that it complies with domestic standards as well as international standards for exports, a top government official said at an Interactive Session on Swachhata Action Plan 2018-19 held in Gurugram .
 
There is also a need for testing of all imported food products to ensure that they are of the requisite
Read More

Regulation on data protection & privacy | ASSOCHAM-PwC study

Regulation on data protection & privacy
The regulation on data protection and privacy should adopt a risk-based approach and provide certain relaxations and exceptions for micro, small and medium enterprises (MSMEs) under specific circumstances, suggested a recent ASSOCHAM-PwC joint study.
 
“In Indian context, it is also important to ask questions on the applicability and impact of any such
Read More

Negotiations on with US over tariff imposed on steel imports | Steel Minister

Steel Minister Birender Singh
The Government is holding negotiations with the US on 25 per cent import tariff imposed on steel, Union Steel Minister Chaudhary Birender Singh said at an ASSOCHAM event held in New Delhi today.
 
“Negotiations are still going on there may be some sort of understanding, (but) if we have to take certain steps to safeguard our interest, we will certainly take,” said
Read More

Banks have to take haircuts of 40-60% to achieve moderate degree of safety

ASSOCHAM
With stressed debt of over Rs 50,000 crore under independent credit evaluation (ICE) framework, banks have to take a haircut in the range of 40-60 per cent to achieve a rating of RP4 (moderate degree of safety regarding timely servicing of financial obligations), noted a recent ASSOCHAM-Crisil joint study.
 
“The average sustainable debt for these assets is
Read More