In Conversation with Arun Tiwari, CMD, Union Bank of India, Nirmala Sitharaman, Commerce & Industry Minister and RC Bhargava, Chairman, Maruti Suzuki on NPAs, MSME sector and need for standardisation if India is to emerge as a global manufacturing hub. Edited excerpts: Q: NPAs and capital req…
Tag: ASSOCHAM
India’s factory output remains subdued in August
India’s factory output remained subdued for the second consecutive month – decelerating by (-) 0.7 per cent in August from a decline of (-) 2.49 per cent in July and a 6.3 per cent rise in the same month last year, official data showed on Monday, while India Inc called for efforts to …
Make in India campaign marks 2 years
As the Make in India campaign launched by Prime Minister Narendra Modi completes two years, the government on September 25 announced that foreign direct investment (FDI) inflows into the country had recorded their highest level on the basis of a yearly comparision. “India records its highest ever…
Textile Ministry plans to promote handicrafts, tribal communities: Smriti Irani
The government, through convergence of various ministries, is working on a plan to promote tribal, handicrafts community and fill the various gaps, Union Textile Minister Smriti Irani said at an ASSOCHAM event held in New Delhi on September 23. “I had a meeting three days ago with the minister in…
Will meet April 1 target for GST rollout: Meghwal
Stressing that the new indirect tax regime is a major tool for improving ease of doing business, Minister of State for Finance Arjun Ram Meghwal said the government will be able to implement Goods and Services Tax (GST) from April 1, next year. “April 1, 2017, is the target date for implementati…
‘MSMEs feel cash pain, need Rs 5.15 lakh crore in near term’
Highlighting the financial crunch faced by MSMEs, a report has pegged the total credit demand for the sector at Rs 45 lakh crore over the medium term while Rs 5.15 lakh crore needs to be mobilised for the near term. “Crisil estimates show Rs 11.37 lakh crore is only a quarter of the total f…
India world’s third biggest tech startup hub: Study
India is home to the third largest number of technology driven startups in the world, with the US and the UK occupying the top two positions, according to a report. The study, done by Assocham in association with Thought Arbitrage Research Institute, also revealed that Bengaluru is host to the la…
Karnataka highly preferred IT investment state in last fiscal: ASSOCHAM
Karnataka has emerged as the most preferred investment destination in the country. The state attracted Rs 53,396 crore investments in the IT sector last financial year, a nearly 25 per cent of total Rs 2.2 lakh crore from both public and private sources across the country, says Assocham report. C…
Seminar to connect MSMEs with fund providers being held in Kolkata on Aug 10
A seminar on ‘Financial Clinic for MSMEs – Facilitating Businesses for Sustainability”; is being organized in the city on August 10, 2016. The seminar is aimed at connecting the MSMEs to the fund provider as per their specific financial needs ranging from collateral-free loans to working ca…
Industry expects uptick by December: ASSOCHAM
India Inc expects better days ahead six months from now in terms of growth in sales, profitability in sync with an uptick in the big macro picture, though fresh investment by the private sector is still far off thanks to continuous under-utilisation of capacities, the latest round of ASSOCHAM Biz…