New Delhi: With transport fuel prices in Delhi touching an all-time high, industry chambers, Ficci and Assocham, on Monday called for the government to urgently reduce fuel excise duties. It also urged the government to bring automobile fuels under the purview of Goods and Services Tax (GST). The price of[Read More…]
Tag: ASSOCHAM
Credit deployment still negative in most sectors: Assocham
New Delhi: Most Indian industry sectors have reported negative growth in deployment of gross bank credit, a fallout of banks’ inability to lend being saddled with mammoth non-performing assets (NPA), or bad loans, coupled with lack of appetite for fresh investment by highly indebted corporate India, industry body Assocham said on[Read More…]
RBI must ensure safety of proposed cryptocurrency: Assocham
New Delhi: Welcoming the RBI’s move to explore the introduction of an official virtual currency in India, industry chamber Assocham on Sunday cautioned that extreme care is taken to ensure the safety of the data trail that cryptocurrency transactions can leave behind. Placing a ban on all regulated entities, including banks,[Read More…]
Extend deadline for Aadhaar’s linkage to bank accounts: Assocham
New Delhi: The deadline for linking Aadhaar with all customer bank accounts by March 31, 2018, should be extended in view of the disruption to the banking system on account of the Rs 12,600 crore fraud on state-run Punjab National Bank (PNB) by accused diamantaire Nirav Modi, industry chamber Assocham urged[Read More…]
Remove ‘bail-in’ clause in FRDA Bill: Assocham
Assocham on Thursday urged the government to remove a clause in the Financial Resolution and Deposit Insurance (FRDA) Bill that seeks to treat bank depositors as other creditors and shareholders for “bail-in”. Assocham Secretary General D.S. Rawat said that in the Indian context, the concept of bail-in — especially by[Read More…]
Demonetisation, GST may ruin wedding season business: ASSOCHAM
Demonetisation along with recently introduced Goods and Service Tax (GST) may impact the business of upcoming wedding season, which is starting from November, by 10-15 per cent, said industry chamber, ASSOCHAM on Monday. Wedding services like marriage hall booking, tent booking, confectionery services and photography are expected to get impacted.[Read More…]
Pollution can cripple NCR economy: ASSOCHAM
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has said that the alarming pollution in is likely to take a toll on the entire National Capital region (NCR), crippling sectors like tourism, transport, automobile and real estate. It added that several billions of dollars of fresh investment and[Read More…]