Assocham

In the pre-Budget memorandum shared with the Revenue Secretary Arvind Shrivastava, Assocham said the direct and indirect tax systems need procedural clarity, consistency and reduced compliance costs to make India’s manufacturing globally competitive.

Trump tariffs make it vital to fast-track trade talks with EU, New Zealand, Brazil: Assocham's Sanjay Nayar

Sanjay Nayar, President of Assocham said that easing credit access, cutting compliance costs and introducing a government-backed skilling programme would help integrate India's MSMEs into global supply chains more effectively.

ASSOCHAM urges govt to implement uniform TDS rate in Budget 2025-26

This would help avoid litigation on interpretational issues and ensure ease of tax compliance, the trading body said

Affordable housing, infra growth, boost to manufacturing likely to be in focus of Budget: Assocham

Highlighting that the first Budget of the Narendra Modi 3.0 government will also include a long-term blueprint for making India a developed nation by 2047, the paper listed areas that would require the government's greater attention and priorities for realising the national goals.

Sanjay Nayar takes over as Assocham president

He replaced SpiceJet Chairman and MD Ajay Singh, who completed his tenure as the chamber's president.

India likely to remain fastest growing major economy in 2024: Assocham

India retained the tag of the world's fastest-growing major economy, with its GDP expanding by a faster-than-expected rate of 7.6 per cent in the July-September quarter on booster shots from government spending and manufacturing.

Private investment picking up in some sectors but financing, global woes may muddy outlook

India’s private investments have been lagging despite the recent clean-up of bank and corporate balance sheets, as well as record capital expenditure by the government.

SEBI bringing in Mutual Fund Light regulation to foster passive fund growth: Ananta Barua

These regulations will provide greater flexibility for index funds and ETFs, enabling them to offer transparency, diversification, and lower costs to investors, he explained

Around 40 MT new steel capacity to be commissioned in India by FY26: Assocham

Vinod Nowal -- the Chairman of Assocham's National Council on Iron and Steel -- made the remarks at India Steel Summit in the national capital.

Early signs of private investment picking up, quick project rollouts will help: Industry chambers

While infrastructure investment is expected to be the main growth driver this financial year, the revival of private investment remains a question.

Capex cannot be driven largely by public investment: Assocham

The chamber's newly appointed President Ajay Singh said he foresees a "significant rise in private investment" in the coming 2-3 years, driven by the Centre's capex push.

SEBI ED urges India Inc to let go of ‘litigation mindset’, find other ways to resolve disputes

Executive director VS Sundaresan also expresses concern that SEBI is being forced to release more regulations as many companies refuse to follow even the basic norms of corporate governance

FM Sitharaman: Slowing economies abroad to be a challenge for Indian exporters

Sitharaman said the country is still dependent on component imports and the government is aware of it.

Watch LIVE: ASSOCHAM’s interactive session with FM Nirmala Sitharaman

Catch live the interactive session of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) with Finance Minister Nirmala Sitharaman. Tune in now

PLI schemes for green hydrogen electrolysers should be announced in budget: Sumant Sinha

Sinha, founder of ReNew Power, said solar PLI allocation need to be increased in the upcoming budget.

Double personal IT exemption limit to Rs 5 lakh in Budget: Assocham to govt

Currently, the maximum amount of income which is not chargeable to income tax is Rs 2.5 lakh. In case of persons in the age bracket of 60-80 years, it is Rs 3 lakh and Rs 5 lakh for senior citizens who are above the age of 80.

Budget 2023: Reforms are required if we’re to become a global manufacturing hub

India’s business climate is an outlier given the current global headwinds. But further work is required with regard to taxation, credit, incentives, and more, to ensure that the growth trajectory stays on course.

Healthcare associations write to FM, raise concerns over 5% GST on hospital room rent

The Association of Working Group of Hospitals says the decision is contrary to the government's policy to provide affordable healthcare to all.

Indian fintech market expected to reach $150 Billion in valuation by 2025: MoS Finance

Indian fintech firms have grown at an exponential rate, with the sector valued at USD 150 billion by 2025, according to Minister of State for Finance Pankaj Chaudhary.

PFRDA to soon allow NPS subscribers to change investment pattern 4 times in a year

Currently, the subscribers under the NPS scheme are allowed to change the investment pattern twice in a financial year.

Budget 2022 : Assocham seeks review of FTA terms, increase in custom duty to support fruit based value chain

Assocham has sought reviewing the terms of the Free Trade Agreements (FTAs) and enhancement of the custom duties on import of fruit/vegetable pulps and concentrates to provide support to the Indian fruit based value chain.

Govt should reduce and rationalise GST rates on food processing industry

Presently branded and packaged foods products such as potato chips, cereals, snack foods, namkeen falls under 12 per cent slab, while unbranded namkeens, chips and bhujia fall under a 5 per cent duty structure.

Consumer confidence showing signs of pick up in Q2: Assocham

Activities in construction and renovation have been on a pick-up for the past few months leading to return of migrant workers for gainful deployment, it said.

Interview | Govt should consider some form of direct income support in order to spur consumer sentiment and demand, says Assocham India's President Vineet Agarwal

The Assocham president said that despite the outbreak of the second wave of COVID-19 and lockdowns across the country the association expects India's GDP to grow 9 to 10 percent in 2021-22.

COVID-19 impact: Assocham seeks wage support, interest subsidy to help industry

The association suggested that the surplus funds of ESIC (Employees State Insurance Corporation) should be used for providing wage support measures/stimulus packages for the employees.