Page 5 - Assocham

Assocham pitches for a reduction in corporation tax rates cut

The Assocham president also called for setting up development financial institutions, exempting securities held for at least three years from long term capital gains tax among other issues

Liquidity crunch: Assocham seeks credit line of Rs 400 bn to NBFCs from RBI

The Reserve Bank should provide a liquidity credit line of Rs 30,000-40,000 crore to non-banking financial companies (NBFC) as a temporary relief from tight liquidity conditions, Assocham said Friday. In a statement, the chamber's Secretary General Uday Kumar Varma said such steps were essential in view of the current 'liquidity crisis' faced by the Indian economy. He also voiced industry concerns and the growing unease among investors and businesses at large. Varma observed that in view of the liquidity challenges, monetary policy easing by way of lowering interest rates would give the necessary boost to investor confidence. He highlighted that due to the various factors that have triggered this liquidity crunch, "beginning with the IL&FS default and measures to keep the rupee from depreciating further, the money markets have seen higher costs of borrowing capital". Seeking urgent attention to the crisis, he appealed for immediate measures to infuse liquidity into the system by ..

Assocham hails RBI's opening of banking tap to boost capital flow to NBFCs

The provision will allow banks to free up Rs 500-600 billion of liquidity which banks can lend to NBFCs till December 31

Escalation of global trade war will damage Indian economy: Assocham

'Though India may not get much of a direct impact, the collateral damage could be in the form of adverse impact on the overall sentiment'

Balancing farmers', consumers' interests a tightrope walk: Assocham

With vegetables and fruits having seen notorious gyrations in prices, the overall CPI inflation may well cross even the limit of four per cent by the RBI

Exempt electricity duty to boost investments in state: Assocham to Odisha

After completion of this exemption period the electricity duty will also be a revenue source to government of Odisha

Looming inflation to shrink rate cut prospects: Assocham

The chamber observed that as uncertainty and apprehension loom over crude oil prices and vegetables, mainly on the back of rising retail prices

Assocham urges FM to resolve vexed issue of assured return on PE investment

In last 2 years, investments worth more than Rs. 3,200 crore have landed in courts. ASSOCHAM has suggested to resolve the pending issues make India a much more attractive destination for FDI

Govt should relax fiscal deficit targets, boost expenditure: Assocham

The chamber also wrote to RBI and MPC to cut interest rates at least by 25 basis points, given the challenges faced by the economy which needs immediate measures for revival of growth

Realign skill ecosystem for unified skill development in India: ASSOCHAM

Skill development schemes remain with ministries with Union Skill Development being the coordinator

Assocham seeks relaxation of bank guarantee norms for ship construction

The latest policy changes incorporated in June this year

Assocham President Sandeep Jajodia calls cheap labour in India a 'myth'

Insists on the cleaning up of balance sheets of banks and reduce NPAs for credit offtake to pick up

Assocham welcomes budget proposals presented by Kerala

Major thrust is on infrastructure sector encourage private sector participation in Kerala

States must adopt model Bill to keep shops open 24x7: Assocham

States must adopt model Bill to keep shops open 24x7: Assocham

Tech platform must for SMEs growth, can create 80 lakh jobs in UP: Assocham

The state holds significant potential to become a frontrunner if it carries on with the momentum

Note ban to lower growth in FY17, says Assocham

Cash in circulation dropped to Rs 11.6 lakh crore on Nov 25 from Rs 17.7 lakh crore on Nov 4

Give approval to in-flight Wi-Fi services: Assocham to Govt

IFC would enable the passengers to stay connected and make use of several services

ASSOCHAM appeals industry to aid victims of Vardah

"The cyclone might also have a short-term impact on the tourism industry of southern India," DS Rawat, secretary general of ASSOCHAM said

Pollution to cripple NCR economy; tourism to be hit: Assocham

The feedback from tour operators and hoteliers clearly points out a deep concern over the negative impact that the pollution can cause to the economy.

Economy to gain momentum in second half of FY17: Assocham

The finance ministry expects the economy to grow by 7-7.75% in the current financial year, against 7.6% the previous year