The second dose of stimulus from FM will benefit the underprivileged sections: Assocham
“Some measures like the extension of interest subvention for existing loans to small farmers till May 31, 2020, and sanctioning of 22 lakh new Kisan Credit Cards will ease the liquidity crisis that the marginalized farmers and rural economy is struggling with,” said Dr. Hiranandani.
FM's measures give new wings to India and de-monopolise core sectors: Assocham
Opening up of key sectors like space and atomic energy for pri...
Will see around 4% growth if PM Modi’s package is pumped into economy: ASSOCHAM
Bengaluru, May 13 (ANI): While speaking to ANI amid coronavir...
Bring petrol, diesel under GST; any hike in taxes to depress demand: ASSOCHAM
In any case, the crude oil prices have crashed to unprecedented lows , without the pump prices being reduced, against the spirit of the market-driven pricing policy, the ASSOCHAM said.
Govt looks at dedicated NCLT benches for insolvency, Companies Act-related matters
Recently, the government had legislated changes to the insolvency code to fast-track processing of cases where a restructuring plan has been agreed in advance between the company and its creditors following the pause in bankruptcy resolutions because of the COVID-19 pandemic. Once the changes to the IBC are approved by Parliament, this pre-packaged insolvency procedure will help ease the burden on bankruptcy courts.
Change in FDI rules to save Indian companies becoming 'sitting ducks': ASSOCHAM
ASSOCHAM secretary said that by amending the FDI rules through the Press Note No 3 , the Department for Promotion of Industry and Internal Trade, has not only brought the FDI proposals for greenfield investments but also infusion into the existing projects, under the 'government route'
Government identifies 'champion sectors' for hand-holding of various investments: Official
Asserting that India must regain its rightful place in manufacturing, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said the whole world not only India has ceded the manufacturing space to a particular geography, in an apparent reference to China.
Lockdown-hit industry demands suspension of labour laws for 2-3 yrs
Industry bodies such as CII, FICCI and ASSOCHAM suggested a slew of measures and sought relaxations such as increasing working hours to 12 hours per day from the existing 8 hours per day to help them revive operations, according to a release by the Labour Ministry.
ASSOCHAM hails PM Modi for extending lockdown, seeks urgent financial help for industry
The chamber has also worked out and shared with the government a plan for graded re-opening of the economy with the mantra of social distancing.
Industry demands Rs 6 lakh cr stimulus package to mitigate impact of lockdown
CII has suggested instituting a Government spending package equivalent to 3 per cent of GDP which would add Rs 6 lakh crore to the available firepower. Enhanced debt to GDP ratio can be a way out for adding fiscal space at a time when the debt to GDP ratio is modest in India.
Government measures would be true game-changer in agriculture sector: Assocham
According to Dr. Niranjan Hiranandani, president, ASSOCHAM, at the moment, farmers face a lot of restrictions and uncertainty even after harvesting a bumper crop.
Time for action to make India a global manufacturing hub: Experts
Areas like drones and robotics would see major investment and research going forward in India, which would move faster into the digital age, industry experts said, discussing opportunities for the country once the coronavirus-inflicted situation returns to normalcy.
Life won't be the same post coronavirus pandemic: Ashwini Kumar Choubey at ASSOCHAM event
Speaking at the occasion Dr. Niranjan Hiranandani, said, “As we continue to make efforts to emerge from the shadow of this disease and weeks of lockdown, it is clear what was “normal” before, may not be “normal” in future, and that COVID-19 has reshaped the way we will live our lives for the foreseeable future.
ASSOCHAM recommends stimulus package of $200 to $300 billion to tide over the COVID-19 challenges
The chamber said that in keeping up with most economies of the world to institute stimulus measures with 10 percent of the Gross Domestic Product (GDP), the Indian economy would need a transfusion of over $200 billion with an ability to go up to $300 billion, over the next 12-18 months.
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.
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