PM says economy has resilience to reverse slowdown, exhorts India Inc to take bold investment decisions
Speaking at an Assocham event, he said the recent cut in corporate tax has brought rates to all-time low for businesses.
We saved the economy from disaster, laid a strong foundation for $5 tn economy: PM Modi
Referring to $5 trillion target, Modi said initially ...
Commerce Ministry working to identify key sectors for making India a manufacturing hub
"There are 12 champion sectors which can be looked upo...
Permit app-based cabs to work as delivery support for e-commerce, retailers: Assocham
With Prime Minister Narendra Modi announcing a lockdown for the next 21 days Assocham wants app-based cabs to start functioning so that groceries can be delivered at people's doorstep without any hassle.
Stress on industry due to Covid-19 to extend beyond Q1 of FY21, more firms willing to retain manpower: ASSOCHAM Survey
The ASSOCHAM-Primus Partners Survey was conducted across different sectors, including manufacturing, infrastructure and services with a sample size of 3,552, encompassing all segments of the industry- small, medium and large.
Slump has bottomed out, but credit worries remain: BK Goenka
Assocham president BK Goenka said the government had made efforts to make credit available to the industry but banks dragged their feet on it. He also highlighted that India needed more development finance institutions to fund long term infrastructure projects as commercial banks did not have the risk appetite to fund such projects.
Rs 1 lakh crore fund in the works to repay pending dues to MSMEs: Gadkari
Gadkari said he has devised a scheme to set up the fund, and the proposal may be placed before the Cabinet for approval once the finance ministry gives its go-ahead.
Coronavirus crisis: India Inc seeks economic package from centre
It also suggested the Centre to enhance credit limits for working capital across the board to all industries and additional reconstruction term loans to MSMEs (micro, small and medium enterprises) and stressed sectors with a government guarantee on default, up to 20 per cent.
Shadowfax ties up with ASSOCHAM to upskill youth under the Skill India Mission
Under this partnership, ASSOCHAM will work with the government to create awareness about the benefits of working in this attractive sector and the right candidates shall be trained as per government standards to make them employment ready for the delivery & hospitality sector.
Government sets up group to coordinate COVID-19 related response activities
The government on Sunday notified the empowered group set up for coordination with private sector, NGOs and international organisations for COVID-19 related response activities.
India Inc cheers partial opening up, says it will help chart exit strategy
The move to allow daily wage earners in the services sector to resume operations after April 20 will bring relief to the self-employed, the Confederation of Indian Industry (CII) said in a statement on Wednesday.
India can fill up export market space vacated by China due to coronavirus: Assocham
"Barring a few segments, a large number of engineering exports from India can fill up the market vacated by China; so is the case with products like leather and leather goods," Assocham Secretary General Deepak Sood said. He said India can also tap the opportunities in segments like agriculture and carpets.
RBI steps to help mitigate impact of coronavirus lockdown on biz: Industry
RBI Governor Shaktikanta Das predicted a big global recession and said India will not be immune. It all depends how India responds to the situation, he said. Global slowdown could make things difficult for India too, despite some help from falling crude prices, Das said, adding food prices may soften even further on record crop production.
Post-lockdown: Which sectors will bounce back, which will take time, experts weigh in
An industry official said sectors like transportation, storage, warehousing would come back quickly once the lock- down is lifted, and those which would not bounce back anytime soon, are those which depend on people's behaviour like travel, staying in hotels, flying overseas and going to shopping malls, for example.
FM Nirmala Sitharaman announces Rs 1.7 lakh crore relief package for poor
The FM announced a slew of measures to ease the burden on the poor who will be hit hard by the lockdown.
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