Page 4 - Assocham

Throwback to SEZ era: Real estate sector makes room for data centres

The central government ministries, too, are getting into the act on behalf of the sector.

Spices exports jumps 23% to $359 mn in June on rising demand: Assocham

In domestic currency, thanks to forex advantage, spices exporters raked in even better realisations which rose by 34 per cent to Rs 2,721 crore in June 2020 from Rs 2,030 crore in the comparative mont

Kicking the import habit: Can India grab a $200-bn business opportunity

PM Modi's call for a self-reliant India, free of its dependence on imports, means opportunity for the domestic industry. But there are many questions that need to be answered, writes Sai Manish

Data protection Bill panel seeks FB, Microsoft, Assocham, Nasscom views

The JPC had sought suggestions on the Bill from people and organisations on the proposed legislation in January

Centre owes Rs 3 trillion to states and industry amid Covid-19 outbreak

Assocham President Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of I-T, VAT, and GST, and compensation

Lockdown 3.0: Industry bodies welcome relaxations, some confusion remains

Reiterate demand for a stimulus package

Industry wants phased exit from lockdown, up to Rs 23 trillion package

While Assocham demanded Rs 15 trillion-23 trillion package, Ficci called for Rs 9-10 trillion

India Inc seeks Rs 2 trillion in govt relief as lockdown hits businesses

The demand comes in the wake of businesses and industry taking a hit as India entered the third week of the 21-day nationwide lockdown

India can fill up export space vacated by China over coronavirus: Assocham

It said Indian exporters of electronics, pharmaceuticals, speciality chemicals and automobile segments depend on China for raw material and are facing supply constraints

Round-the-clock power supply via renewable-thermal bundling: Draft policy

Addressing the issues of intermittency, limited hours of supply and low capacity utilisation of transmission infrastructure, the draft policy provides for reverse bundling

Tunnel works worth over Rs 1 trn to be undertaken in next 5 years: Gadkari

He said the need of the hour is to reduce cost and improve quality and added that departments cannot function in silos and need to work in a comprehensive manner

Flipkart digs deep into India's fintech market; clocked 40% growth in 2019

From providing consumer credit, device insurance to seller financing, Flipkart's fintech category grew 40 per cent in 2019.

Market borrowing rate must come down: Assocham president B K Goenka

Goenka said while the RBI has reduced the repo rate, banks have not cut their lending rates. They are not reducing it because of the input cost-output cost difference

Steelmakers fear iron ore supply disruption once leases expire next March

Industry says transition from existing to new lessee is not going to be as easy as anticipated

GDP shocker: India Inc expects growth to rebound in Q3 on stimulus measures

Biocon CMD Kiran Mazumdar-Shaw opined that few pragmatic policies can help put India on the top again

Rajapaksa's visit can boost trade, investments with Sri Lanka: Assocham

Rajapaksa arrived here on Thursday on a three-day visit, his first overseas tour after taking over the reins of Sri Lanka 10 days back, a reflection of importance he attaches to ties with India

Power ministry has asked states to lower tariffs for discoms: R K Singh

Earlier this year, the government has taken steps such as mandatory issuance of letter of credit to generating companies by discoms and single-day payment

ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil

With the share of cash deals rising, discounts could remain high. To make way for newer acquisitions and attract new and repeat investors, ARCs must quickly resolve assets and redeem security receipts

Business leaders seek Rs 1 trillion govt stimulus to revive economy

Industry leaders met Finance Minister Nirmala Sitharaman in New Delhi for three hours.

Foreign defence firms be allowed a majority stake in Indian JVs: Assocham

In 2016, the prevailing 26 per cent cap for foreign direct investment (FDI) in defence was raised to 49 per cent through the automatic route