Category Archives: ASSOCHAM

Sports ministry recommends Sports Infrastructure for ‘concessional finance’

Sports ministry has proposed the ministry of finance for considering Sports Infrastructure as a ‘concessional finance’, said Secretary, Department of Sports, Mr. Rajiv Yadav at an ASSOCHAM event held in New Delhi today.“We have proposed the ministry of Finance for considering sports infrastructure as a concessional finance and I am happy to announce… Read More

Early operationalising of BIMSTEC FTA imperative for greater trade push: ASSOCHAM

India should work closely with the seven-nation BIMSTEC grouping to conclude trade negotiations and attempt early ope-rationalising of the Bay of Bengal free trade agreement (FTA) to give a big push to trade in the region, an ASSOCHAM study said today.

“BIMSTEC FTA may help activate production links among member countries and help in rationalising various… Read More

States governments being urged to reduce Stamp Duty

The Ministry of Housing and Urban Development has written to states government to reduce the stamp duty as it is adding to the burden with a new Real Estate Regulation Bill where the rules are almost ready and will be announcing at any time, union minister, Mr M Venkaiah Naidu said at an ASSOCHAM event held in New Delhi .

The slum clearance is one of important aspect… Read More

ASSOCHAM appeals to Political Parties to come on board for GST Bill

Amidst positive indications for a consensus building among the major political parties, including the Congress, the ASSOCHAM has made a strong plea both to the Government as also the principal Opposition party to get the long pending Constitutional Amendment Bill on GST passed in the Rajya Sabha within the first few days of the Monsoon session of Parliament,… Read More

Government reviews consumer redressal mechanism with industry

FICCI
The Government on sought active cooperation of corporate houses and business chambers to strengthen consumer redressal mechanism and said that in order to ensure transparency, companies should name the nodal officers handling grievances.
“There is a genuine need to pay immediate attention to strengthen redressal mechanism so that grievances … Read More

ASSOCHAM reacts to WPI for June 2016

Apex industry body ASSOCHAM said that rise in Wholesale Price Index (WPI) is in line with industry’s expectation as production denoted by IIP numbers released recently showed weak and unstable demand within the industry itself which might have forced the industry to control and manage its overproduction and overcapacity, which is already in existence,… Read More

Industrial growth recovers, CPI hits 22-mth high at 5.77% in June

FICCI
Showing feeble signs of recovery, industrial production grew by 1.2 per cent in May, but retail inflation touched a 22-month high of 5.77 per cent in June, squeezing headroom for a rate cut by Reserve Bank. Industrial production rebounded from a contraction of 1.35 per cent in the previous month, but growth was subdued at 1.2 per cent in May and mainly due to … Read More

Delhi foresees Rs 46,739-cr in TDS collection: Chief IT Commissioner

The government is expecting about Rs. 46,739 crore through TDS from the Delhi region in 2016-17, a top Income Tax Department official said at an ASSOCHAM event held in New Delhi .

“Our target as on date is about Rs. 46,739 crore out of Rs. 1,15, 000 crore overall target for current fiscal”. She further said , TDS system is improving day by day and we are trying … Read More

ASSOCHAM seeks clarification on GAAR on P-note maturity

In order to instil confidence in the global investors and encourage them to retain their interest in the Indian stock market, the government should come out with a clarification that the General Anti-Avoidance Rules (GAAR) would not apply to a Foreign Portfolio Investor (FPI) on redemption and maturity of the Participatory Notes, the ASSOCHAM has submitted… Read More

Inflation remains high, factory growth muted

FICCI

India’s retail inflation rate rose 5.77% in June driven by soaring food prices, while factory output crawled at 1.2% in May, signs of a wobbly recovery in the broader economy. A high inflation rate will likely weaken the chances of an interest rate cut in the Reserve Bank of India’s (RBI’s) monetary policy review next month.

Retail inflation, a gauge… Read More

Industrial Growth takes a U-Turn to Rise 1.2%

FICCI
Industrial production growth unexpectedly recovered into the positive zone in May after shrinking in the previous month, but the muted growth showed just a tepid recovery. The Index of Industrial Production (IIP) rose1.2% in May from a year earlier, government data released on Tuesday showed. The revised reading for April was -1.3%.
Manufacturing output… Read More