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Assocham inks pact with ICMAI to curb money laundering activities

Assocham inks pact with ICMAI to curb money laundering activities

Thu, May 25, 2023

Industry body Assocham has inked an agreement with cost accountants' apex body ICMAI with an aim to prevent money laundering and transnational financial crimes. Both entities have entered into a memorandum of understanding (MoU) in this regard.

Incentives to manufacturing, tax cuts among major expectations: ASSOCHAM pre-Budget survey

Incentives to manufacturing, tax cuts among major expectations: ASSOCHAM pre-Budget survey

Wed, Jan 11, 2023

Budgert 2023: ASSOCHAM pre-Budget survey, covering more than 400 people from 40 plus cities across the country, pointed towards the industry being optimistic about economic recovery and embracing the 'new normal' following the Covid period.

Companies need to forcefully sell insurance as it is no longer an option but a necessity: IRDAI Member

Companies need to forcefully sell insurance as it is no longer an option but a necessity: IRDAI Member

Thu, Jun 24, 2021

Several insurance companies in the country are offering various insurance covers to their customers like health insurance, vehicle insurance, etc. These insurance covers help the customers to get financial assistance as per the insurance policy they have opted for.

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How Bankruptcy, Real Estate Acts are hurting homebuyers, bankers' interests

How Bankruptcy, Real Estate Acts are hurting homebuyers, bankers' interests

Mon, Apr 23, 2018

Assocham cited the latest case related to an Amrapali project where the Supreme Court held that financial creditors cannot take over homes belonging to the home buyers, upholding, thus, the rights of home buyers ahead of the creditors.

RBI must ensure safety of data trail that cryptocurrency can leave: Assocham

RBI must ensure safety of data trail that cryptocurrency can leave: Assocham

Sun, Apr 08, 2018

The central bank has repeatedly through public notices warned users, holders and traders in dealing of digital currencies including, due to the various risk associated in dealing with them.

Need BPO-specific emergency response team: Assocham

Need BPO-specific emergency response team: Assocham

Sat, Mar 31, 2018

"While the government and the BPO industry are taking a variety of initiatives in the cyber security domain... Assocham has suggested the government to establish a BPO sector specific computer emergency response team to minimise cyber attacks in the BPO landscape," an Assocham statement said in New Delhi

PNB fraud: Overreaction to scam may hugely hurt credit flow, says Assocham

PNB fraud: Overreaction to scam may hugely hurt credit flow, says Assocham

Sun, Mar 11, 2018

PNB fraud: Supporting the calls from industry for privatising public sector banks (PSBs) in the wake of the PNB scam by accused diamantaire Nirav Modi and his uncle Mehul Choksi, Assocham said that some immediate steps should be taken for capacity building in PSBs.

PNB fraud: ED expands probe; Assocham asks banks not to over-react

PNB fraud: ED expands probe; Assocham asks banks not to over-react

Sun, Feb 25, 2018

Noting the reports about banks clamping down certain impractical rules and procedures for trade finance, affecting both importers and exporters in the wake of the alleged Rs 11,400 crore fraud on Punjab National Bank, Assocham said the letters of credit (LOC) or letters of undertaking (LOU) allegedly misused by the diamond traders are legitimate instruments in global trade.

Microsoft India to nurture unicorn firms, start-up community in 2018: Anant Maheshwari, Microsoft

Microsoft India to nurture unicorn firms, start-up community in 2018: Anant Maheshwari, Microsoft

Fri, Dec 15, 2017

Microsoft globally, including in India, has been uniquely positioned and has done a lot of work over the last 40 years to build a massive partner eco-system that is serving SMBs.

Indian healthcare may grow threefold to $372 billion by 2022: Assocham

Indian healthcare may grow threefold to $372 billion by 2022: Assocham

Sun, Dec 03, 2017

The Indian healthcare market is likely to reach $372 billion by 2022 in a threefold growth in value terms, industry chamber Assocham said on Sunday, citing its latest study on the subject.

India's food processing sector may attract $33 billion by 2024

India's food processing sector may attract $33 billion by 2024

Tue, Nov 21, 2017

The country's food and retail market is expected to touch $482 billion by 2020, up from $258 billion in 2015, with recent reforms making the sector more competitive and market- oriented, it said.

Lack of Diwali bonus due to GST adds to Diwali spending woes

Lack of Diwali bonus due to GST adds to Diwali spending woes

Wed, Oct 18, 2017

Not only spending sentiments have come down this Diwali but also demand for various products which rooted for such festive season.

Insolvency Code to boost entrepreneurship, ease of doing business

Insolvency Code to boost entrepreneurship, ease of doing business

Sat, Jul 29, 2017

Addressing captains of industry at a day-long national conference on IBC organised by the Associated Chambers of Commerce and Industry of India (Assocham), the minister said the code would facilitate insolvency of corporates in a timely manner to maximise value of their assets.

Rs 8 lakh crore NPAs may face bankruptcy proceedings by March 2019

Rs 8 lakh crore NPAs may face bankruptcy proceedings by March 2019

Sun, Jul 16, 2017

"So, it should be safe to assume that the non-performing assets (NPAs) mess would largely be resolved by the first quarter of financial year 2019-20," Assocham study titled 'NPAs Resolution: Light at the end of tunnel by March 2019' said.

Defer GST rollout as IT network not ready: Assocham to Arun Jaitley

Defer GST rollout as IT network not ready: Assocham to Arun Jaitley

Sat, Jun 17, 2017

Industry chamber Assocham today demanded postponing GST implementation, saying that taxpayers will find it difficult to comply with the provisions of the new indirect tax regime as the IT network is not yet ready.

GST Council to meet on June 3 to fix more rates: Meghwal

GST Council to meet on June 3 to fix more rates: Meghwal

Thu, Jun 01, 2017

Meghwal noted that the decisions taken so far by the GST Council are not based on majority, but on the basis of consensus among all state Finance Ministers.

GST to be best achievement of PM Narendra Modi government: Assocham

GST to be best achievement of PM Narendra Modi government: Assocham

Sun, May 21, 2017

As India's prime minister Narendra Modi has completed his three years of tenure this May industry organisation Assocham has said the implementation of the GST in the next few weeks would be the biggest achievement of the prime minister.

Domestic opportunity can help IT companies tide over job losses, says Assocham

Domestic opportunity can help IT companies tide over job losses, says Assocham

Wed, May 17, 2017

Amid concerns over job losses in $ 155 billion IT sector, industry lobby Assocham today said this is the time for outsourcing companies "to look inward" and focus on the domestic opportunity to curtail layoffs.

About 886 total real estate projects face delays; Punjab records maximum delays of 48 months: Assocham

About 886 total real estate projects face delays; Punjab records maximum delays of 48 months: Assocham

Tue, Apr 11, 2017

Assocham in its latest study has found about 886 total construction and real estate projects of recording delays in their implementation.

Over 800 housing projects face delay of up to 4 years in India: Assocham

Over 800 housing projects face delay of up to 4 years in India: Assocham

Sun, Apr 09, 2017

Over 2,300 real estate projects were being developed at the end of December 2016 and out of that 826 housing and 60 commercial projects were facing significant delays

RBI to soon allow banks to invest in REITs, InvITs; to issue detail guidelines by end of May

RBI to soon allow banks to invest in REITs, InvITs; to issue detail guidelines by end of May

Fri, Apr 07, 2017

The Reserve Bank of India (RBI) will soon allow banks to invest in REITs and InvITs which will boost the country's real estate sector.

Banks should transmit lower cost of funds to customers, experts say

Banks should transmit lower cost of funds to customers, experts say

Thu, Apr 06, 2017

The Reserve Bank of India (RBI) left its benchmark lending rate unchanged at 6.25% today for the third policy review in a row citing upside risk to inflation.

Imports like electronics, machinery go against Make in India: Assocham

Imports like electronics, machinery go against Make in India: Assocham

Sun, Mar 05, 2017

Import of products which can be manufactured within the country runs contrary to the basic grain of the Make In India.

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