Fiscal stimulus must go on for another two years: Assocham

Assocham`s new president Dr Swati Piramal on Tuesday said the government should continue fiscal stimulus to industries and private sector for another year or two till the global recovery gets on a sound footing.

BSE to touch 20K & NSE to touch 6,000 marks by 2010: ASSOCHAM

Industry body Assocham has projected that the key index of Bombay Stock Exchange is likely to touch 20,000 mark by January, 2010, on the back of rising business confidence of investors and FIIs in India.

NCR industries opt for HP, Uttarakhand: Assocham

A number of small industrial units
from the National Capital Region (NCR) have expanded base in
Himachal Pradesh and Uttarakhand in the last 2-4 years to cash
in on attractive tax breaks and other incentives there.

Assocham seeks PMO`s intervention for uniform mines policy

Industry body Assocham has sought
intervention of the Prime Minister`s office to direct the
Ministry of Mines to evolve a uniform policy so that steel
makers could set up plants in iron-ore rich states like

Swati Piramal elected as new Assocham president

Swati Piramal, Director of Piramal
Healthcare, was elected president of Assocham on Friday.

Land acquisition woes to derail USD 100 bn projects: Assocham

Land acquisition problems could derail industrial projects worth USD 100 billion (Rs 4.70 lakh crore), warns an Assocham study.

Invest 5% of provident fund in equities: Assocham

The Associated Chambers of Commerce and Industry (Assocham) has urged the central government to allow the Employees Provident Fund Organisation (EPFO) to invest at least 5 percent of its funds in equities.

Allow EPFO to invest funds in capital markets: Assocham

Assocham on Sunday urged the trustees of the Employee`s Provident Fund Organisation to favourably consider the Finance Ministry`s recommendation to allow EPFO to invest about 5 percent of its corpus in capital markets.

Telecom, auto ad budgets fall, sales grow: Assocham

Companies in the telecom and auto sectors have witnessed robust growth in turnover despite not increasing their advertisement budgets, according to the Associated Chambers of Commerce and Industry (Assocam), an industry lobby.

ASSOCHAM releases Vision 2020 document for TN

ASSOCHAM Saturday released a Vision 2020 document for the industrial development of Tamil Nadu, placing focus on the need to ramp up power production to ensure more inflow of foreign investments and an increase in the state`s GDP.

Gold may touch Rs 18K per 10 gm by Diwali: Assocham

Gold is likely to touch Rs 18,000 per 10 gram during the forthcoming festival season, Assocham has said.

`India dependent on China, US for electronic goods imports`

India is heavily dependent on imports of electronic goods from countries like the US and China to meet its domestic demand, a joint study by Assocham and Ernst and Young on Tuesday said.

Healthcare sector untouched by global eco crisis: Assocham

India`s healthcare industry, despite the global economic downturn, posted a healthy growth of 42.44 percent in net profit in the first quarter of the current fiscal compared to same period last year, a study said.

‘Armed forces should buy defence items from MSMEs’

Assocham on Monday demanded a defence
procurement policy that makes it mandatory for armed forces to
source 10 percent of their annual purchases of articles like
uniforms, belts, shoes and components for vehicles from MSMEs.

Punjab, Haryana, UP rice production may dip by 25%: Assocham

The major paddy growing states of Punjab, Haryana and Uttar Pradesh, are likely to see 20-25 percent decline in non-basmati rice production this kharif season.

Don`t open up debt mkt for FIIs beyond $5 bn: Assocham

The government should not open up the debt market to FIIs beyond USD 5 billion (about Rs 25,000cr) to support its borrowing plan as it could be counterproductive in the prevailing scenario, industry body Assocham on Thursday said.

RBI must ask banks to ease credit disbursal norms: Assocham

The Reserve Bank must ask banks to ease credit disbursal norms and pass on the benefits of the central bank`s lower key rates to the industry, which is facing credit crunch in the wake of global downturn, Assocham said.

Govt should facilitate land acquisition to set up cold chains

The government should facilitate
land acquisition in setting up cold chain infrastructure as
nearly one third of the country`s farm produce is lost due to
poor post-harvesting and storage facilities.

India`s arms imports to touch $30 bn by 2012: Assocham

India`s arms imports are expected to touch USD 30 billion by 2012 even as the domestic defence market is poised to grow to USD 700 million in five years, according to an industry lobby report.

Govt should provide clarity on LLPs: Assocham

The govt should provide
more clarity on the recently introduced Limited Liability Partnerships, especially on taxation, so that companies would be encouraged to convert into such business firms, industry
chamber Assocham said.