New Delhi, Sept 19 (IBNS): The regulation on data protection and privacy should adopt a risk-based approach and provide certain relaxations and exceptions for micro, small and medium enterprises (MSMEs) under specific circumstances, suggested a recent ASSOCHAM-PwC joint study.
Banks have to take haircuts of 40-60% to achieve moderate degree of safety: Study
Mumbai, Sept 12 (IBNS): With stressed debt of over Rs 50,000 crore under independent credit evaluation (ICE) framework, banks have to take a haircut in the range of 40-60 per cent to achieve a rating of RP4 (moderate degree of safety regarding timely servicing of financial obligations), noted a recent ASSOCHAM-Crisil joint study.
New York, Sept 10 (IBNS): The Indian insurance industry is expected to grow to USD 280 billion by FY 2020 with the government’s flagship Ayushman Bharat – the National Health Protection Mission (AB-NHPM) and other growth drivers like rising disposable incomes, presence of global players and easing of the regulatory regime, helping penetration of the insurance culture in the country, according to an ASSOCHAM-APAS study.
Aside crude, sharp rise in non-oil imports too contributing to trade imbalance: ASSOCHAM
New Delhi, Aug 27 (IBNS): It is not only crude oil which is exerting pressure on India's import bill and consequently on the current account deficit and the rupee, but a host of other non-oil items like coal, electronics, chemicals and leather and leather products, fruits and vegetables are witnessing rising imports and becoming a drag on the country's overall balance of trade situation , an ASSOCHAM analysis has noted.
Kerala floods may have caused damage of Rs 20,000 crore: ASSOCHAM
New Delhi, Aug 20 (IBNS): With floods playing havoc in Kerala, the state, known as ‘God’s Own Country’ would have suffered massive economic losses, the estimates of which could well be Rs 15,000-20,000 crore with a staggered impact of a few months, mostly on tourism, cash crops, trade including international trade from Kochi and other ports, besides shaking the lives of millions of people, an ASSOCHAM quick assessment has indicated.
ASSOCHAM opens representative office in North America
New Delhi, Aug 20 (IBNS): Apex industry body ASSOCHAM has opened a representative office in North America with a view to strengthen India Inc’s presence in the United States of America (USA).
Healthcare BPO Market to touch 188.9 billion USD by 2018: ASSOCHAM-EY
New Delhi, Aug 15 (IBNS0): The global health care BPO market is expected to grow at a compound annual growth rate (CAGR) of about 10.7% from US$113.2 billion in 2013 to US$188.9 billion by 2018, noted a recent ASSOCHAM-EY joint study.
India’s exports record highest growth in 2017-18: Suresh Prabhu
New Delhi, July 25 (IBNS): Despite increasing global protectionism, India’s export will continue to register healthy growth rates and is expected to touch USD 350 billion in the current fiscal said Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, in New Delhi on Wednesday.
India's export to retain healthy growth despite world protectionism: Suresh Prabhu
New Delhi, July 25 (IBNS): Despite increasing global protectionism, India’s export will continue to register healthy growth rates and is expected to touch USD 350 billion in the current fiscal, Union Minister of Commerce and Industry Suresh Prabhu said in New Delhi on Wednesday.
Robust corporate bond market imperative to achieve 8% economic growth: Study
New Delhi, July 17 (IBNS): A developed corporate bond market is the need of the hour for India as an eight per cent economic growth cannot be achieved without a robust corporate capex cycle, more so as sole reliance on bank loans is not warranted, particularly when bank lending has been squeezed, noted a recent ASSOCHAM-Ashvin Parekh Advisory Services LLP (APAS) joint study.
Indian TSPs to build efficient infrastructure service for swift growth: ASSOCHAM-KPMG study
New Delhi, July 16, 2018: Indian Telecom service providers (TSPs) have invested about INR 9,27,000 crore while Foreign Direct Investment (FDI) in the telecom industry has increased from INR 20,000 crore in FY’15-16 to approximately INR 67,000 crore in the first three quarters of FY’16-17, contributing towards building an efficient infrastructure to provide accessible and affordable service to customers, according to an ASSOCHAM-KPMG joint study.
Indias retail sales will cross $1,244.58 billion by 2018: ASSOCHAM-Resurgent study
New Delhi, July 13 (IBNS): The total retail sales in India will likely to increase from the $717.73 billion during CY 2014 to touch $1,244.58 billion by 2018 as its growing at an impressive rate of about 15%, registering a double digit growth figure year after year, according to an ASSOCHAM-Resurgent India latest study.
New Delhi, July 11 (IBNS): TRAIs recommendation to permit sale of internet services without a licence and licence fee and other statutory levies is highly disruptive in nature and would wreck a huge investment made in the telecom sector, the ASSOCHAM has said, impressing upon the government to reject the ill-advised move of the regulator.
‘Make in India’ will have to be Robotics-driven for global firms eyeing India: ASSOCHAM Study
New Delhi, July 6 (IBNS): Without treating them as anti-labour devices, Robotics will have to be integrated as key components of the government’s flagship ‘Make in India’ programme for attracting global manufacturers to set up their highly efficient and automated supply chain facilities in the country, an ASSOCHAM study has pointed out.
Over 120 million Indian consumers expected to shop online in 2018: ASSOCHAM-Resurgent study
New Delhi, June 24 (IBNS): Helped by fast increasing data consumption and improvement in logistics, over 120 million Indian consumers are expected to shop online, clocking annualized growth of 115 per cent in 2018 as the e-commerce platforms slug it out with discounts and other attractive deals in a wide range of products from clothes, mobile phones, air-conditioners to a whole lot of consumer items, according to ASSOCHAM-Resurgent joint study.