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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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Can food processing sector in India create 1 crore jobs by 2024?

Can food processing sector in India create 1 crore jobs by 2024?

Mon, Feb 20, 2017

Assocham-Grant Thorton research said that the food processing sector has capability to attract $33 billion in investments and generate employment of 90 lakh persons by 2024.

Budget 2017: Industry, experts want corporate tax slashed to 25%

Budget 2017: Industry, experts want corporate tax slashed to 25%

Mon, Jan 23, 2017

In a bid to attract more investments in the country, both India Inc and analysts are looking for an immediate cut in the corporate tax to bring it down to 25% in the upcoming Union Budget 2017-18 from the current 30%.

Note ban negative for jobs, SMEs, rural demand: Assocham

Note ban negative for jobs, SMEs, rural demand: Assocham

Mon, Jan 23, 2017

Demonetisation will leave a negative impact on small and medium enterprises (SMEs), rural consumption and job creation while the large organised sectors stand to benefit in the long term, industry chamber Assocham said on Sunday.

Note ban can do little to stop future black money flow: Assocham

Note ban can do little to stop future black money flow: Assocham

Tue, Jan 17, 2017

The study pointed out that high denomination currency withdrawal is not without some inherent problems.

Assocham explains why Union Budget on Feb 1 is a good idea

Assocham explains why Union Budget on Feb 1 is a good idea

Mon, Jan 16, 2017

Industry body Assocham appealed to the Opposition Parties to led the government present the Union Budget 2017 on February 1, as planned.

Assocham calls for a Budget that revives economy post note-ban

Assocham calls for a Budget that revives economy post note-ban

Sun, Jan 15, 2017

Industry chamber Assocham on Sunday appealed to political parties to ensure that the Union Budget for fiscal 2017-18 to be presented to Parliament on February 1 aids the revival of economic sentiment at a time of depressed demand and investment.

PSBs need equity worth Rs 1.7 lakh crore by March 2019

PSBs need equity worth Rs 1.7 lakh crore by March 2019

Tue, Jan 10, 2017

The public sector banks (PSBs) will by March 2019 need equity worth Rs 1.7 lakh crore, which can turn out to be higher on an increased credit growth, a recent Assocham-Crisil joint study has revealed.

Online shoppers expected to cross 100 million mark in 2017

Online shoppers expected to cross 100 million mark in 2017

Mon, Jan 09, 2017

"In 2016, about 69 million consumers purchased online and the number is expected to cross 100 million by 2017 with the rise of digital natives, better infrastructure in terms of logistics, broadband and Internet-ready devices to fuel the demand in e-commerce," according to an Assocham-Resurgent India study.

MUDRA loan disbursals take a hit due to demonetisation

MUDRA loan disbursals take a hit due to demonetisation

Sat, Jan 07, 2017

"We have disbursed Rs 80,000 crore (from April 1 to December 31, 2016). There have been some lull during the last two months because of currency exchanges and those kind of things," Jiji Mammen, CEO of MUDRA, said.

Modi's December 31 schemes to boost economic growth, if implemented effectively: Assocham

Modi's December 31 schemes to boost economic growth, if implemented effectively: Assocham

Wed, Jan 04, 2017

Sunil Kanoria, President of Assocham said, “The initiatives like 60-day interest waiver for farmers who have taken loans from district co-operative banks and primary societies together with additional fund of 20,000 crore given to NABARD to give loans to farmers would help in alleviating pains of farmers and rural class."

'IT sector in Gujarat may attract Rs 2 lakh crore investment by FY21': Assocham

'IT sector in Gujarat may attract Rs 2 lakh crore investment by FY21': Assocham

Tue, Jan 03, 2017

Total outstanding investments attracted by Gujarat in the information technology (IT) sector may cross Rs 2 lakh crore by financial year (FY) 2020-21 from over Rs 35,000 crore in financial year 2015-16, industry body Assocham said on Tuesday.

No New Year's Eve party this year amid cash crunch

No New Year's Eve party this year amid cash crunch

Fri, Dec 30, 2016

The star-rated hotels in metros have registered a decline of about 5-7%.

Bring WiFi to flights, Assocham asks PM Modi

Bring WiFi to flights, Assocham asks PM Modi

Wed, Dec 28, 2016

“Earlier India permits the IFC, the better both for the air passengers as also for India’s image as a progressive country. IFC also enables digital payment in the aircraft while in the air and eliminates the need of cash," Assocham said.

M-wallet retail spends may see 4-fold jump in near term: Study

M-wallet retail spends may see 4-fold jump in near term: Study

Tue, Dec 27, 2016

the mobile payment transaction volume in India is likely to grow at a CAGR of over 130%.

With 950 million Indians without internet digital drive needs reality check: Report

With 950 million Indians without internet digital drive needs reality check: Report

Mon, Dec 26, 2016

Internet penetration in India still remains to be one of the biggest problem to moving to a cashless economy.

Hotel rates, airline tickets 30-35% cheaper in December due to cash crunch

Hotel rates, airline tickets 30-35% cheaper in December due to cash crunch

Tue, Dec 20, 2016

The cash crunch due to demonetisation has resulted in consumer sentiment going down and has resulted in a large decline in tourist bookings in December.

Govt must up public expenditure to push consumption: Assocham

Govt must up public expenditure to push consumption: Assocham

Sun, Dec 04, 2016

Arguing that private consumption will take a "significant hit" at least in the next two quarters following demonetisation, Assocham on Sunday said the government should jack up its public expenditure in 2016-17.

Telecom sector got $10 billion FDI in eight months of 2016-17

Telecom sector got $10 billion FDI in eight months of 2016-17

Wed, Nov 30, 2016

The USSD service is used by people using feature phones to check the balance in their bank accounts and transfer money.

Assocham pegs mobile-wallet business at Rs 30,000 crore in six years

Assocham pegs mobile-wallet business at Rs 30,000 crore in six years

Wed, Nov 23, 2016

Industry body Assschom believes that the demonetisation drive is likely to push a lot of people towards digital wallets for the good. It said that the mobile wallet market is likely to reach Rs 30,000 crore by 2022.

Demonetisation: Are retailers forced to switch to non-cash mode

Demonetisation: Are retailers forced to switch to non-cash mode

Sun, Nov 20, 2016

The wallet-to-wallet transactions would also see a big growth, the report said.

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