Patanjali among most disruptive forces of 2016: ASSOCHAM- TechSci study
New Delhi, Jan 2 (IBNS): Patanjali Ayurveda, steered by Baba Ramdev has turned out to be the most disruptive force in India’s fast moving consumer goods (FMCG) market which is expected to reach the USD billion mark by 2020, according to an ASSOCHAM– TechSci Research paper.
Hotel bookings for New Year’s Eve celebrations down by up to 5%: ASSOCHAM
New Delhi, Dec 30 (IBNS): Demonetisation and the consequent cash crunch seems to have some impact on New Year's Eve celebrations as bookings received by star-rated hotels in metros have registered a decline of about 5-7 per cent, noted a quick survey undertaken by ASSOCHAM Social Development Foundation.
Take digital era to in flights; ASSOCHAM seeks PM nod
New Delhi, Dec 28 (IBNS): In an era of digital push, the ASSOCHAM has approached the Prime Minister Mr Narendra Modi and other concerned senior ministers to permit satellite –based ‘In Flight Connectivity (IFC)’ in the aircraft flying over the Indian air space, both for the domestic and foreign airlines.
New Delhi, Dec 26 (IBNS): In order to mitigate the problems of farmers and those engaged in allied activities like poultry farming and horticulture, arising out of the demonetization, the ASSOCHAM has suggested issuance of Transferrable Receipts (TRs) by agencies like the Food Corporation of India (FCI), National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and other Central and state entities against procurement of the farm produce.
IDBI Bank receives ASSOCHAM SMEs Excellence Award 2016 in micro lending
Mumbai, Dec 21 (IBNS): ASSOCHAM has instituted Awards for Excellence in MSE Lending to Banks & NBFCs in recognition of the performance in financing to Micro, Small & Medium Enterprises.
75% fall in supply of animal hide threatens closure of tanneries in major leather clusters: ASSOCHAM
New Delhi, Dec 19 (IBNS): Trade in major clusters of leather and leather products in India has been hit hard by the union government's move of demonetisation, observed a quick survey-cum-analysis by apex industry body ASSOCHAM.
New Delhi, Dec 10 (IBNS): Prime Minister Narendra Modi’s bold drive to take the economy into a ‘less cash’ mode through a multi-pronged strategy would not only check the menace of black money and corruption but would also lead to a large part of the informal economy into the organised sector , said ASSOCHAM President Sunil Kanoria.
M-wallet, digital payment cos. must win customers’ trust for widespread adoption, says study
New Delhi, Nov 22 (IBNS): With a view to win customers’ trust, companies operating in the mobile-wallet sector should take measures like providing effective, completely secure, private and reliable services, 3-D or OTP (one time password) security options, data back-up system and others to spread awareness among people, suggested an ASSOCHAM-RNCOS joint study.
New Delhi, Nov 21 (IBNS): Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs 25,000 crore capital currently locked up in non-performing assets (NPAs) over next 4-5 years, noted a recent ASSOCHAM-Crisil joint study.
Cash crunch fall-out: Non-bank payment players to witness huge growth, says ASSOCHAM Paper
New Delhi, Nov 20 (IBNS): One of the immediate fall outs of the demonitisation of high value notes would be a mushrooming growth in the number of non-bank players like Paytm and Free charge into the payment business, as more and more retailers in the goods and service value chain would be compelled to shift to non-cash modes for customer transactions, an ASSOCHAM Paper has said.
Deploy more mobile ATMs in areas with large no. of workforce: Bandaru Dattatreya to FinMin
New Delhi, Nov 18 (IBNS): The Union Labour Ministry has requested the Finance Ministry for deploying more mobile automated teller machines (ATMs) in areas like construction sites and others where there is workforce in large numbers, Minister of State (I/C) for Labour and Employment, Bandaru Dattatreya said at an ASSOCHAM event held in New Delhi on Friday
Standing against black money; ASSOCHAM urges Govt for relief to SMEs, trade
New Delhi, Nov 18 (IBNS): Assuring the Prime Minister Narendra Modi of India Inc’s full support in the fight against black money and corruption, the ASSOCHAM has said though the short – term hardship would lead to long-term cleaning up of the economy, some immediate relief should be considered for the industry, SMEs and the trade.
Reduce corporate tax to 25%, ASSOCHAM to Govt
New Delhi, Nov 18 (IBNS): In its pre-Budget presentation with the Finance Ministry, the ASSOCHAM has sought immediate reduction in the corporate tax to 25% to attract more investment in the country while for driving the consumption led demand, income tax for individuals should also be reduced along with upward revision in the exemption limit upto Rs 5 Lakhs.
Hire retired bank staff; others on big scale to deal with demonetisation: ASSOCHAM
New Delhi, Nov 14 (IBNS): Assuring the government of India Inc's support against corruption and black money, the ASSOCHAM on Monday impressed upon the government to mobilise all resources across different departments and hire retired bank staff on a massive scale to expedite the currency swapping and withdrawal of cash with minimum inconvenience to the public.
Apprehensions on Trump to prove wrong; India Inc hails his victory: ASSOCHAM
New York, Nov 12 (IBNS): With his sober, very fair sounding and statesman like demeanor promising a fair deal with the rest of the world, ASSOCHAM on Saturday expressed confidence that apprehensions linked to Donald Trump would certainly prove wrong even as India Inc looks forward to taking the bilateral economic engagement to a greater level under the new administration.