India Inc suggests measures for the impact of Covid-19
Another recommendation suggests that MSMEs and companies in key sectors employing more than 200 people should not be allowed to fire any employees between March to May, provided they get input tax credit equivalent to salary paid beyond 15 days of work from home.
Warehousing, industrial space demand to be hit this year due to COVID-19: Experts
Rajesh Jaggi, vice-chairman (real estate) of Everstone Grou...
Life won't be the same post coronavirus pandemic: Ashwini Kumar Choubey at ASSOCHAM event
Speaking at the occasion Dr. Niranjan Hiranandani, ...
ASSOCHAM formulates a calibrated approach for reopening the economic activities on phases
ASSOCHAM report has identified the challenges to our manufacturing sectors, both internally and externally if gradual but consistent opening is not allowed. The sectors like food processing, automobile, textile etc must be re-booted fast; or else China which has recovered from Coronavirus blow would force out all other competitors including India.
Road projects have to be built on EPC mode, response on PPP tepid: Nitin Gadkari
The government should opt for building projects on EPC mode, and monetising them, instead of depending on the private sector to bring funds, which delays these projects, he said.
ASSOCHAM suggests resumption of selective sectors with strict adherence to social distancing norms
The ASSOCHAM recommendations on business continuity measures are in sync with the Prime Minister Shri Narendra Modi's holistic approach towards dealing with the situation, and also technical inputs and support of the NITI Aayog.
Indian economy is bound to revive soon: Piyush Goyal
“Things are looking up, and revival is in the air,” Goyal was quoted saying in an official statement after his virtual meeting with industry and trade associations.
Investments of up to Rs 15,000 crore likely in phone manufacturing in next 2 years
“The three areas in the ESDM sector which can be brought to India in two years’ time are PCBAs (printed circuit board assembly), display and the energy source (or battery packs),” said Arijit Sen, director at Flex. “These three things constitute 50%-55% of BoM (bill of materials) in majority of electronic products.”
US's Flex calls on India to review FTAs to stop bypass of import duties
For handset manufacturing companies, who avail the Product-Linked Incentive (PLI) scheme, which offers a graded incentive between 4%-6%, the loss will be somewhat compensated but will leave a gap for other electronic manufacturers.
Rs 50,000 crore RBI credit line for MFs will restore investor confidence: ASSOCHAM
Rs 50,000 crore Special Liquidity Facility by the RBI to ease redemption pressure on Mutual Funds (MF) in the face of Covid-19 crisis would not only restore confidence in the MF industry but also ensure financial stability in the country.
Individual borrowers may find it hard to repay loans on time amid coronavirus outbreak: Assocham
Basing its analysis on the latest RBI data, Assocham said housing, vehicle loans and credit card segments formed the major chunk of the personal loan outstanding.
Package to unleash economic growth, drive post pandemic recovery: India Inc
Industry bodies said the Make In India flagship will emerge as a key catalyst for attracting new investment, driven by much needed bold reforms in the areas of land, labour and liquidity.
Karnataka government eyes foreign companies seeking to move out of China
In recent days, the Minister held consultations with industrialists such as co-founder and Non-Executive Chairman of Infosys Ltd, Nandan M Nilekani, Executive Chairperson of Biocon Ltd, Kiran Mazumdar-Shaw and Chairman of early-stage startup accelerator and venture fund Axilor Ventures Senapathy (Kris) Gopalakrishnan to fine-tune the States outreach push.
Interest rate cut to revive demand; more support needed: India Inc
India Inc said more support will be required both from the RBI and government to stimulate economic growth.
We stabilized economy which was heading towards disaster: PM Modi
Prime Minister Narendra Modi on December 20 attended the inaugural session of '100 years of Associated Chambers of Commerce and Industry of ...