Prime Minister Narendra Modi's keynote address at ASSOCHAM Foundation Week. In coming years, for Atmanirbhar Bharat, all of you should exert all possible force which can be mustered. World is heading towards another Industrial Revolution.
According the ASSOCHAM rough estimates, a daily loss of Rs.3,000 crores to 3,500 crores is resulting in economies of the region from the value chain and transport disruption because of protests.
With the Chinese economy getting impacted due to the coronavirus outbreak, India can push its exports in the global markets to fill up the space vacated by the neighbouring country, industry body Assocham said on Sunday.
"While India has focussed on innovation, infrastructure, structural reforms and ease of doing business, a lot of work still needs to be done on gender parity and exports and ensuring that India has growth with equity," Kant said while addressing the 98th Annual Session of Assocham here.
The industry body said PSB senior managements spend bulk of their time "receiving and implementing directions from the bureaucrats even for innocuous issues."
An Assocham survey pointed out that most of the medical trash remains untreated and dumped with municipal waste and thus causes a serious health and environmental hazard.
To make the business more competitive in the electronics sector, Assocham has recommended the government to link the India BPO Promotion Scheme with direct tax benefit.
Assocham observed that job opportunities for business school (B-school) students are drying on account of factors like demonetisation, lacklustre business sentiment and stalling of new projects.
India Inc is opposed to any move to bring in reservation in the private sector as it would certainly create a big dent in the country's investment climate, Assocham said.
Reeling under disruptions arising out of demonetisation and GST rollout, Corporate India has slashed Diwali gifts budget by at least 35–40 per cent, ASSOCHAM said.
As per findings of the survey, this Diwali, people are preferring Indian products over Chinese goods.
The Housing and Urban Affairs Minister said the "dislocation" should be seen against the "permanent long-term tangible benefits" of GST.
As per the study, the move has the potential to bring down the non-performing asset levels and 'significantly improve' the financial health of banks
Industry lobby Assocham on Wednesday urged the government to lower the Goods and Services Tax (GST) rates for select agricultural inputs, failing which use of chemical fertilisers will get a boost.
Assocham-Thought Arbitrage Research Institute joint report also said India's information technology and IT-enabled services (ITeS) sector may add at best one million jobs in the next five years.
The GST Council at its 14th meeting held in Srinagar on Friday announced the fitment of services, as well as of 1,211 goods in the GST tax rates, heading towards the proposed July 1 roll-out.
The industry body elaborated that SAFs should be created through active participation of cash rich public sector firms to revive assets under high leverage.
As the RBI Monetary Policy Committee (MPC) meets on February 7-8 for next bi-monthly credit policy, Industry body Assocham has impressed upon the central bank and the Ministry of Finance to ensure adequate transmission of cuts in the interest rates.
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) believes that ‘demonetisation’ cannot eliminate the ill-gotten wealth converted into assets such as gold and real estate although it may wipe out the present stock of black money he
Appealing to political parties to let the Union Budget be presented to Parliament on February 1, the ASSOCHAM has said that the advancement would help revive the much needed economic growth.
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