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PNB fraud: Assocham calls for privatising PSBs

PNB fraud: Assocham calls for privatising PSBs

PNB fraud: Assocham calls for privatising PSBs: In light of the massive Rs 11,300 crore ($1.8 billion) scam allegedly involving jeweller Nirav Modi that has hit state-run Punjab National Bank (PNB), industry chamber Assocham said on Sunday that the government should surrender its majority control of banks, which should be allowed to function like private sector

Indian EV market grow in double digits: Assocham

Indian EV market to grow in double digits: Assocham

Indian EV market grow in double digits: The Indian electric vehicles (EV) market is expected to grow at double digit rates till 2020, while the nascent telematics market is also poised to develop at a much faster rate, industry chamber Assocham said on Sunday.The EV industry in the country is at a nascent stage, comprising

Assocham business delegation

Assocham business delegation to visit Russia

Kolkata, Nov 7, Assocham business delegation to visit Russia : Leading industry body Assocham would take a 17-member delegation to St Petersburg in Russia to boost trade and technology tie-ups between the two countries.The visit, supported by the MSME ministry, would take place between November 13 and 19 and is an initiative to support Indian

Women Job Fair Ludhiana

Punjab Govt. to hold special job fair for women in Ludhiana

Women Job Fair Ludhiana: Giving impetus to its Ghar Ghar Rozgar Scheme, the Punjab government has decided to conduct a job fair for women on Friday, where 3,400 jobs will be up for grabs.The Rozgar Mela for women, to be held at the District Industries Centre, Ludhiana, on November 3, will cater specifically to the employment needs

'Converge All Skill Development Schemes Under One Ministry’

‘Converge All Skill Development Schemes Under One Ministry’

Various skill development schemes under the administrative control of different ministries should be handed over to the Ministry of Skill Development and Entrepreneurship for better outcome, a report has suggested. “The NDA government has established a separate ministry for skill development. It is desirable that this central ministry takes the core elements from various ministries

Mismatch between external, internal rupee values detrimental to exporters

Mismatch between external, internal rupee values detrimental to exporters: ASSOCHAM

External Internal Rupee: With the external value of the Indian rupee superseding its internal strength despite lower inflation, the resultant mismatch and the continuing trend is hurting exporters, whose competitive edge gets directly hit with the declining value of the dollar against the domestic currency, an ASSOCHAM paper noted.Witnessing a decline of six percent over

ASSOCHAM urges RBI to slash interest rates due to low inflation

ASSOCHAM urges RBI to slash interest rates due to low inflation

Against the backdrop of a decline in factory output, with inflation at a five-year low, the ASSOCHAM on Sunday wrote to the Reserve Bank of India (RBI) Governor Urjit Patel, stressing on the need to cut at least 25 basis points in the policy interest rate, ahead of the meeting of the Monetary Policy Committee

Digital India, Bharat Net initiatives key to expansion of social media: Study

Digital India, Bharat Net initiatives key to expansion of social media: Study

For all the Latest news download Daily Post news app:- Click For Android Click For IOS With initiatives like Bharat Net aiding the expansion of broadband network in India, initiatives like Digital India are said to gain momentum, leading to the expansion of social media, an ASSOCHAM paper noted.According to the paper, the Indian newspaper

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Defer GST Rollout As IT Network Not Ready- AssoCham

Assocham has demanded to avoid the implementation of GST because the information technology (IT) system used for it is not ready and taxpayers will have to face difficulties in adopting the provisions of this new tax system.In a letter to Finance Minister Arun Jaitley, Assocham said that existing taxpayers have not yet registered themselves on

‘Virsa Gram’ opens for promotion and sale of rural products by Markfed

‘Virsa Gram’ opens for promotion and sale of rural products by Markfed

‘Virsa Gram’ opens for promotion and sale of rural products by Markfed . With a view to promote of marketing of house hold items, Markfed has setup a ‘Virsa Gram’ here at Sector 22, Chandigarh where products prepared by self-help groups from various districts of Punjab will be displayed and offered for sale.Disclosing this here

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ASSOCHAM is not in favor to waive off loans for farmers

ASSOCHAM is not in favor to waive off loans for farmers. It’s not good to waive off loan of farmers, while their interest rate should be set lower on loans, because it can be misuse- D.M Secretary Rawat- ASSOCHAM. He said to overcome the problems regarding agriculture of Punjab should be attached and deal with

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‘Maha accounts for 25 pc of investments in RE, construction sectors’

Maharashtra accounts for nearly 25 per cent of the total investments attracted by real estate and construction industry in India, showed a recent study by industry body Assocham. According to the study, there are about 3,489 projects worth Rs 14.5 lakh crore in the construction and real estate sectors that are currently on going in

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Lack of IP protection to impact employment, says Assocham

Industry body Assocham on Wednesday said lack of intellectual property (IP) protection in computer related invention (CRI) will have a direct impact on investment and job opportunities in the ICT industry. “The lack of IP protection opportunities in CRI will not only affect investment but also have a direct impact on jobs and job growth

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Create SAFs to revive NPAs: Assocham

A leading industry body on Sunday advocated the formation of ‘Stressed Assets Funds’ (SAFs) to revive non-performing assets (NPAs) in the banking system.The formation of SAFs will complement the recent steps taken by the government and the Reserve Bank of India (RBI) to tackle stressed assets, the Associated Chambers of Commerce of India (Assocham) said

Kerala needs 30 lakh jobs for double-digit growth: Assocham

Thiruvananthapuram:  Apex trade organisation Assocham on Monday said Kerala needs to create 30 lakh job opportunities and attract investment worth Rs six lakh crore in the next five years to achieve double-digit growth. The Associated Chambers of Commerce and Industry of India (Assocham) in its ‘Sustainable Action Plan’ for the Communist Party of India-Marxist (CPI-M)

Changing financial year will be disruptive, costly: Assocham

New Delhi: The government’s move to change the financial year from April-March to a different sequence of months will cause a “huge avoidable disruption” at a big cost to business, Assocham said on Sunday. “Any move to change India’s financial year from April-March to any other permutation and combination would serve no purpose but cause

Assocham to empower enterprises in North India

Chandigarh: The industry body, The Associated Chambers of Commerce and Industry (Assocham), which has set up the regional office for north India in Chandigarh, will work for the empowerment of enterprises. Dalip Sharma, Director, Assocham, said, “With our regional office in Chandigarh, Assocham will cater to industry and commerce based in Punjab, Himachal Pradesh, Haryana