Confer core industry status to Aviation Sector: Assocham

Industry body Assocham on Friday
suggested that the government should confer core industry
status to the airlines business to sustain the aviation

Assocham calls for consolidation of banks

Industry body Assocham on Monday
called for consolidation in the Indian banking sector without
any delay to enhance global competitiveness, despite dithering
of RBI on the issues.

Pvt hospital sector may touch Rs 2 lakh cr by 2012: Assocham

The private hospital sector is expected to touch USD 45 billion (around Rs 2,00,000 crore) in the next three years riding on growth in Tier-II and Tier-III cities, a study said.

Telangana unrest may impact fund flows: Assocham

Industry body Assocham on Saturday said
the Telangana unrest will be detrimental for the growth of the
state and may impact the flow of investments, but did not give
any precise figure.

Retail sector to grow to $410 bn by 2010: Assocham

The Indian retail sector is
expected to grow at a rate of 5.5 percent to USD 410 billion
(around Rs 19,03,844 crore) by 2010 from the present about USD
300 billion, Assocham said on Monday.

Entertainment, media ind to touch Rs 93k cr by 2013: Study

The Indian entertainment and media
industry is likely to grow at a rate of over 11 percent and
reach Rs 93,200 crore by 2013, a joint study by Assocham and
PwC said here.

High taxes hitting food processing sector: Assocham

Taxation of over 18 percent on branded processed agricultural products is adversely affecting the competitiveness of the sector, an industry lobby has said in a report released Sunday.

Extend tax holiday to 5-star hotels also: Assocham

With less than a year left for the Commonwealth Games, industry chamber Assocham has sought extension of the five-year tax holiday scheme to five-star hotels in the National Capital region.

Bring parity in entertainment tax rates across India: Assocham

The Centre should act as a coordinator to bring uniformity in entertainment tax rates, currently varying between 30 percent and 40 percent across the country, for growth of the entertainment and media industry, Assocham has said.

Impose 2% tax on FIIs, says Assocham

The industry body Assocham on Tuesday
suggested that FIIs should be charged a tax of two per cent of
their money pumped into the stock market to prevent further
rise of the rupee and also an asset-bubble.

Banks should cut lending rates by 2 pc: Assocham

The government should direct commercial banks to cut lending rates by at least 2 per cent to encourage corporates to increase borrowing from them, instead of tapping other sources, Assocham said on Monday.

Build corporate bond market to fund infra projects: Assocham

India Inc on Friday pitched for a
regulatory mechanism to facilitate development of bond and
debt market and help the industry raise long-term funds
for infrastructure sector.

Allow pvt participation in nuke power generation: Assocham

The government should amend the Atomic Energy Act to facilitate entry of private firms into nuclear power generation, industry body Assocham said today.

No bubble like situation in real estate sector: Assocham

Profitability of realty majors declined by 56% in the first half of 2009-10, which
contradicts concerns over formation of a housing bubble in the country.

Encourage merger of small banks to create large ones: Assocham

Industry body Assocham has asked the government to encourage mergers of smaller banks to create larger ones in order to mitigate risks arising out of surge in non-performing assets (NPAs).

Govt should bring in policy for crop diversification: Assocham

The government should come out
with a farm policy aimed at crop diversification and use of
environment-friendly materials in place of chemicals and
pesticides, industry body Assocham said on Friday.

Unfriendly Indian visa officials preventing FDI: Assocham

Assocham alleged that unfriendly behaviour by visa officials in Indian
missions abroad are preventing
investors from coming to India thus "killing" the country`s
prospects of attracting foreign direct investment.

Inflation may touch 10% by end March 2010: Assocham

Inflation, which crossed the 1% mark for the week ended October 10 after seven months, is likely to surge to 10% by March end driven by surging food prices, low base effect and rising manufacturing costs, Assocham said.

FMCG sector may grow 20% in July-Sep: Assocham

Riding on robust demand from
rural India the FMCG sector is likely to post growth of 20 percent in July-September period this fiscal, up from about 14
percent in the previous quarter, Assocham said.

Proposed base rate for banks will bring transparency: Assocham

Assocham has said RBI panel’s suggestion to have base rate for lending would ensure transparency and efficiency in pricing loans.