Mobile payment transaction volume to rise manifold to reach 153 billion by FY22: Study
Mumbai, Nov 11 (IBNS): The mobile payment transaction volume in India is likely to witness exponential compounded annual growth rate (CAGR) of over 90 per cent to reach 153 billion by FY 2022 as against a meagre about 3 billion in FY 2016, noted a recent ASSOCHAM-RNCOS joint study.
ASSOCHAM for setting up road transport regulatory authority
New Delhi, Nov 4 (IBNS): Apex industry body, ASSOCHAM, as part of its initiative to bring back India’s steel sector on growth trajectory, has submitted various suggestions to the Central government and the steel ministry.
Economy set to perform better in 2nd half of FY 16: ASSOCHAM Bizcon survey
New Delhi, Nov 1 (IBNS): Indian economy would be performing better in the second half of the current fiscal and the trend appears to have begun from the quarter beginning October, 2016 with 66.7 per cent of the latest ASSOCHAM Bizcon Survey respondents expecting uptick in sales, capacity utilization, though positivity on fresh investment is tentative.
Indian FMCG firms outpace MNCs in growth, revenue: ASSOCHAM-TechSci study
New Delhi, Nov 1 (IBNS): During the FY 2016, domestic Fast-moving consumer goods (FMCG) companies have performed significantly well vis-Ã -vis the multinational companies in India, according to the just concluded study by ASSOCHAM-TechSci Research.
ASSOCHAM organises interactive session with Chinese business delegation
Kolkata, Oct 26 (IBNS): The Associated Chambers of Commerce and Industry of India (ASSOCHAM) organised an interactive session with Chinese business delegation led by Dr. H P Kanoria, Chairman, SREI Foundation, Mahesh Saharia, Chairman Saharia Groupt and Perminder Jeet Kaur, Director, ASSOCHAM at Kolkata
Bank card fraud was waiting to happen, says ASSOCHAM-Mahindra SSG
New Delhi, Oct 23 (IBNS): The credit,debit or ATM card frauds as detected by some of the largest banks were waiting to happen as India has been on the radar of the global cyber criminals who hack into the computer servers using the malware, putting the entire financial structure into a big risk, an ASSOCHAM-Mahindra SSG joint study had forewarned.
Informal trade or smuggling rampant in India-Pak trade: ASSOCHAM Paper
New Delhi, Oct 3 (IBNS): Informal trade or putting it bluntly, smuggling of goods, between India and Pakistan is estimated at over USD five billion, almost double the official two-way commerce between the two neighbours with history of chequered ties, an ASSOCHAM study has pointed out.
Indian electronics products to touch $75 bn by 2017: ASSOCHAM-EY study
New Delhi, Sept 19 (IBNS): The Indian electronic products industry in India is expected to grow at a CAGR of 10.1% to reach US$ 75 billion by 2017 from US$ 61.8 billion in 2015 with increasing penetration across consumer products especially in semi-urban and rural markets, along with government push for infrastructure development, locomotive and energy, there exists a significant opportunity for rapid expansion of this industry, adds the ASSOCHAM-EY joint study.
Strike to cost up to Rs 18,000 crore to economy; exports too get hurt: ASSOCHAM
New Delhi, Sept 2 (IBNS): With all-India strike by central trade unions affecting trade, transport, key manufacturing facilities and banking services in Kerala, Karnataka, Tripura, Haryana and Uttar Pradesh besides other parts of the country, the loss to the economy is estimated at between Rs 16,000 – Rs 18,000 crore, according to an ASSOCHAM assessment.
Differential duty structure a big challenge for toy industry: ASSOCHAM
New Delhi, Aug 19 (IBNS): Due to Inverted Duty Structure, India’s Toy Industry which is dominated by the micro, small and medium enterprises (MSMEs), is struggling hard for their survival due to heavy imports duty, reveals ASSOCHAM latest statement.
Government to boost Housing Finance sector to meet ‘Housing for All by 2022’
New Delhi, Jul 20 (IBNS): The government is making all efforts to boost the Housing Finance Sector to ensure that the goal of Affordable Housing for all by 2022 said Minister of Housing & Urban Poverty Alleviation M. Venkaiah Naidu on Wednesday.
WB can create 1 cr jobs, attract Rs 10 lakh cr investments in next 5 years: ASSOCHAM
Kolkata, July 5 (IBNS): West Bengal has the potential to create one crore jobs and attract investments of up to Rs 10 lakh crore during the course of next five years, which will accelerate the state's economic growth and lead to social welfare of its people, the apex industry body ASSOCHAM said.
Rajan exit will certainly create a vacuum: ASSOCHAM
New Delhi, June 20 (IBNS) ASSOCHAM on Monday said Raghuram Rajan's exit as RBI Governor will create a vacuum.
Indian economy needs strong medicine to ward off Chinese flu: ASSOCHAM President
Kolkata, Jan 27 (IBNS) As the world looks up to India to provide a leadership role in pushing global economic growth, the government has no option but to make some big bang announcements in the forthcoming Budget to resurrect investment in the public projects, or else the Indian economy can soon catch up the Chinese flu with serious consequences, apex industry body ASSOCHAM said on Wednesday.
ASSOCHAM urges central trade unions to call of the strike
New Delhi, Sept 2 (IBNS): Apex industry body ASSOCHAM on Wednesday urged the central trade unions to call off their one-day nationwide strike as it is likely to seriously affect the functioning of various essential services like banking, power supply, oil & gas, transport, warehousing and other vital public services causing seismic effect on India's economy.