Category Archives: ASSOCHAM

Arunachal Pradesh to provide single-window clearance for Hydropower Generation

The Union Power Ministry is in process of preparing a framework for hydropower development in India and the same would soon be taken to the highest level in the government, a top ministry official said at an ASSOCHAM event held in New Delhi.
“We are preparing a framework for hydro development in this country, very soon we will take it up to the highest level in … Read More

Study finds that India can save $50 bn if logistics costs are brought down to 9% of GDP

India can save up to $50 billion if logistics costs are brought down from 14 per cent to nine per cent of country’s gross domestic product (GDP) thereby making domestic goods more competitive in global markets, an ASSOCHAM-Resurgent India joint study said .

“With expected inflow of new investments owing to government’s thrust on promoting domestic … Read More

ASSOCHAM Bizcon survey finds India Inc turning optimistic about Economy & Performance

An overwhelming large part of India Inc. is getting increasingly optimistic about performance of the economy in coming six months, leading to higher sales and profitability on the back of uptick in the company order-book and capacity utilization, according to a latest ASSOCHAM Bizcon Survey.

The optimism is reflected both at the levels of firms and the industry,… Read More

India to sit on e-waste pile of 30 lacs MT by 2018: ASSOCHAM

As reminder of a major health hazard and risk to environment on the eve of the ‘World Earth Day, an ASSOCHAM-Frost & Sullivan study has said that India’s electronic waste is likely to reach 30 lakh metric tonnes (MT) per year by 2018 from the present level of 18.5 lakh metric tonnes (MT) with Mumbai being the largest contributor to the … Read More

Banks`loss is NBFCs gain as risk aversion by Govt Lenders on rise

With the public sector banks battling the mounting non-performing assets (NPAs) and losing their risk appetite, the non-banking finance companies (NBFCs) have a big growth opportunity knocking at their door, a joint ASSOCHAM-PwC paper stated “With the ongoing stress in the public sector banks due to mounting bad debt, their appetite to lend (especially… Read More

Government to boost MSMEs in Defence Sector

The Union Ministry of defence has ensured the participation of the Indian MSMEs (Micro, Small and Medium Enterprises) in defence sector for high technology products and services, Union MSME Minister, Mr Kalraj Mishra said at an ASSOCHAM event held in New Delhi .

The Union minister also said , MSME can look forward to integrate themselves into the supply chains… Read More

RBI concept note on P2P lending to be put online for public comments

In order to improve ease of doing business and make the process of registration of new non-banking finance companies smoother and hassle free, the Reserve Bank of India (RBI) is simplifying and rationalising the registration process, a top official said at an ASSOCHAM event held in Mumbai .

“The new application forms will be simpler and the number of documents… Read More

Banks Stress Assets may notch upto INR 10 lakh crore in Q4: ASSOCHAM

Given the slowdown in certain important sectors like steel, textiles, aluminium etc, and the ongoing Asset Quality Review (AQR), may push stressed assets of the banks to Rs 10 lakh crore mark in the fourth quarter of the current fiscal, reveals the ASSOCHAM latest study.
At the end of December, the total stressed assets (Gross NPA+ restructured assets) of all… Read More

ASSOCHAM-Skymet study finds that India is drying out leading to Latur like situation

With prominent increase in the number of hot days and day and night temperatures , India is drying out marked by persistent moisture deficit conditions which are translating into Latur like water crisis, according to a latest study jointly taken by ASSOCHAM and Skymet Weather Services .
“Today nine states are reeling under drought…India has seen two back… Read More

UP has highest share in Infrastructure Projects in PPP Model

Uttar Pradesh (UP) tops with highest share of about 15 per cent in the projects being carried out under public-private partnership (PPP) mode across India followed by Maharasthra (12 per cent), Gujarat (10 per cent), Karnataka (nine per cent) and Tamil Nadu (six per cent) amid top five states in this regard, noted a recent ASSOCHAM-SREI joint study.

“UP again… Read More

WB should increase financial commitment from 5% to 15% for Renewable Energy sector

The global financial institutions including the World Bank should provide a clear roadmap and increase their financial commitment from five per cent to at least 15 per cent as finance has been the biggest challenge in development of renewable energy sector in India owing to high cost of capital, a top New & Renewable Energy Ministry official said at an ASSOCHAM… Read More