Category Archives: ASSOCHAM

Indian Railways on massive Capex Spend Drive

The Railways is on a major capital expenditure drive with Rs 82,000 crore worth of orders being placed even as it is taking a slew of steps to upgrade customer service including clean stations, e-catering and improved software for ticket booking, Railway Minister Mr Suresh Prabhu said at 95th Annual Session of ASSOCHAM held in New Delhi .
“The Railways’ … Read More

Power Minister promises bidding for 4 UMPPs in coming months

The bidding process for four ultra mega power plants (UMPPs) would start in next three months while global players would be involved in pooling of the natural gas for supply to the gas based plants, said Mr Piyush Goyal, union power, renewable and coal minister at an ASSOCHAM event held in New Delhi while sharing his mega plans for providing 24X7 power supply at… Read More

Maharashtra, UP & Gujarat together attract 52% of pvt realty investments

Maharashtra, Uttar Pradesh and Gujarat together account for over half of the total investments worth over Rs 12 lakh crore attracted by real estate sector from private investors (including both domestic and foreign), noted a recent study by apex industry body ASSOCHAM.“UP has managed to increase its share in investments made by private players in real … Read More

Energy efficiency is one of biggest Achievement of Government- Piyush Goyal

Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and New & Renewable Energy said that energy efficiency is one of the biggest achievements of Prime Minister Shri Narendra Modi led government. While delivering the keynote address at 95th Annual event of ASSOCHAM, Shri Goyal informed that targets of renewable energy has been scaled up to five… Read More

TPP casts shadow on India’s foreign trade worth over $200 bn: ASSOCHAM

India might have to bear the brunt of 13-nation Trans-Pacific Partnership (TPP) deal as its trade with the TPP countries stood at about $220 billion (bn) i.e. about 29 per cent of the country’s total trade (exports plus imports) in the financial year 2014-15, apex industry body ASSOCHAM said today while cautioning the government.

“The TPP accord will dismantle… Read More

Despite rate cut, real estate sentiments lukewarm this festive season: Assocham

Despite the recent rate cut of 50 bps by Reserve Bank of India (RBI) and great offers made by developers on the festive season, the investment in the property have remained lukewarm in and around the NCR region due to lack of confidence in state of economy, delay in project execution, lack of fresh employment generation and overall slowdown, reveals the ASSOCHAM… Read More

Indian Bureaucracy wishes Happy Dipawali

Dear Esteemed Reader, we started just 8 months back in 2015 and are sincerely happy and thankful for the support & blessings that you have given us.

With unique visitors of 3000+ and an average stay of 3.14 minutes per person , we presume that we are in the right track in providing news updates and Editorials, Health Papers,Defence News ,etc .

We look forward… Read More

Any more hike in import duty may hike prices during festive season: ASSOCHAM

On the eve of Diwali and other festivals, the government is caught in a Catch-22 situation in balancing consumers’ interest with welfare of farmers who would like more protection by way of increased import duty but any such move may raise the risk of retail inflation, an ASSOCHAM study has pointed out.In any case, India’s import bill on account of vegetable… Read More

Corporates must work together with local communities for Indian Luxury Industry: Najma Heptulla

Corporates must explore the option of working with local communities not to create employment but also to maintain their legacy of craftsmanship and such collaboration and cohabitation will ensure continued development of Indian luxury industry, said Dr Najma Heptulla, Union Minister for Minority Affairs at an ASSOCHAM event held in New Delhi today.

There… Read More

ASSOCHAM-NIBM : Indian Banks to need Rs 5 lac crore for Basel III norms

Given the credit growth expected in the short to medium short, the capital requirement of the Indian banks would cross a  huge level of Rs five lakh crore while meeting the globally mandatory Basel III banking norms by March 31,2019, in a joint study of  ASSOCHAM-NIBM.

“On the other hand, banks in the public sector may find it very challenging to meet the … Read More

Allow FDI in multi-brand retail through PPP mode- ASSOCHAM

ASSOCHAM has reiterated for allowing foreign domestic investment (FDI) in retail industry and modernisation of wet market through public-private partnership (PPP) with adequate safeguard so that these new corporations do not become monopolistic and charge high price.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) allow opening… Read More