Economy makes it merry in March; expenditure shoots up in closing month of fiscal year: ASSOCHAM
New Delhi, June 18 (IBNS): Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections.
India’s overall electricity demand from EVs may reach 69.6 TWh by 2030: ASSOCHAM-EY study
New Delhi, June 16 (IBNS): The overall electricity demand from electric vehicles (EVs) in India is projected to be around 79.9 gigawatt hours(GWh) by 2020 and is expected to reach 69.6 terawatt hours (TWh) by 2030, noted a recent ASSOCHAM-EY joint study.
India among the top five countries in e-waste generation: ASSOCHAM-NEC study
New Delhi, June 4 (IBNS): Despite the government’s emphasis on Swachch Bharat Abhiyaan and Smart Cities project, India continues to be generating highest e-waste vis-à-vis China, USA, Japan and Germany an ASSOCHAM-NEC recent study coinciding with the “Environment Day” (June 5) noted.
Political economy to centre around elections forcing "wait and watch" by biz: ASSOCHAM
New Delhi, May 14 (IBNS): Whatever the outcome of Karnataka elections, the political-economic narrative of 2018 and early part of 2019 would centre around either the impending polls in states like Madhya Pradesh and Rajasthan or the general Lok Sabha elections, forcing investors to adopt a ''wait and watch'' stance although sectors focussed on rural consumption and health are likely to receive increased opportunities, an ASSOCHAM note has said.
Frame separate law, implement Direct Selling Guidelines: ASSOCHAM plea to Consumer ministry
New Delhi, Apr 25 (IBNS): Apex industry body ASSOCHAM has urged the centre for speedy implementation of Direct Selling Guidelines notified by Union Government’s Department of Consumer Affairs in 2016 to facilitate ease of doing business in this sector.
Twin balance sheets problems nearing resolution in 3 quarters: ASSOCHAM
New Delhi, Apr 15 (IBNS): It may take at least another three quarters before the problem of twin balance sheets of banks and highly leveraged corporate firms gets reasonably resolved, even as the process of resolution of the companies under IBC reference would pick up pace in the coming months, said ASSOCHAM.
Cyber frauds: ASSOCHAM-PwC paper moots proposal for creating central monitoring mechanism
New Delhi, Apr 10 (IBNS): The union government must set up a central security operations centre (SOC) with advanced analytical capabilities to enable continuous and real-time monitoring of all information technology (IT) assets, interconnected networks and operational environments, suggested a recent ASSOCHAM-PwC joint paper.
Privacy, data leak, data trail, strategic issues to need RBI focus on crypto currency: ASSOCHAM
New Delhi, Apr 9 (IBNS): Describing the RBI move to explore and examine introduction of official virtual currency in the country, the ASSOCHAM has, however, cautioned that extreme care be taken to ensure safety of the data trail that the crypto currency can leave as it changes hands through a range of electronic devices and platforms.
MSP hike, likely populist measures key risks to inflation, ASSOCHAM tells RBI
New Delhi, Apr 1 (IBNS): Key risks to the retail inflation include higher Minimum Support Prices (MSP) for agricultural items, populist spending in the run-up to the 2019 general elections and strengthening of global crude oil prices, the ASSOCHAM has said in its pre-credit policy review letter to the Reserve Bank of India (RBI).
Set up BPO sector specific CERTs: ASSOCHAM
New Delhi, Mar 31 (IBNS): While the government and BPO industry are taking variety of initiatives in the cyber security domain, apex industry body ASSOCHAM has suggested the government to establish BPO (business process outsourcing) sector specific computer emergency response team (CERT) to minimise cyber attacks in the BPO landscape.
New Delhi, Mar 30 (IBNS): Most cyber frauds in India’s booming business process outsourcing (BPO) sector occur due to lack of strict implementation of existing information security protocols together with poor employee awareness, noted a recent survey jointly conducted by apex industry body ASSOCHAM and global software giant Microsoft.
Trade war can lead to collateral damage for India: ASSOCHAM
New Delhi, Mar 25 (IBNS): If the tariff war escalates into a full-scale global trade war, it would have a collateral damage for the Indian economy as well, with the country's exports taking a hit, current account deficit facing pressure and the GDP taking a setback, the ASSOCHAM has said.
In possible global trade war; India does not have much flexing power despite high imports: ASSOCHAM
New Delhi, Mar 18 (IBNS): India may be running an annual trade deficit of about USD 150 billion , but a much higher level of imports than exports would not provide the country handle to retaliate , should the world witnesses an escalation in trade war, since most of the Indian imports are unavoidable, said ASSOCHAM.
Drop in diamond demand, more so in unorganised market on purity concerns.: ASSOCHAM Survey
New Delhi, Mar 16 (IBNS): The alleged PNB fraud involving diamantaire Nirav Modi seems to have shaken confidence of the diamond jewellery buyers, especially from the unorganised jewellers, on concerns of the purity of the precious jewellery, resulting in drop in business in the trade, according to an ASSOCHAM survey.
New Delhi, Mar 15 (IBNS): Implementing digital technologies such as blockchain, artificial intelligence (AI), machine learning and robotic process automation can resolve inefficiencies in our current trade finance system, and make the process efficient at the bank’s, buyer’s, seller’s, as well as the SME’s/MSME’s end, noted a recent ASSOCHAM-Deloitte joint study.