Search Result for : D S Rawat

The Dollar Business Bureau India’s exports would be impacted if the current tariff war escalates into a full-fledged trade war, apex trade body ASSOCHAM said, adding that there would be severe damage to the Indian economy too. “If the tariff war escalates into a full-scale global trade war, it would have a collateral damage for the Indian economy as well, with the country's exports taking a hit, current account deficit facing pressure and the GDP taking a setback,” the trade body said in a statement on Sunday. The Chamber further said that the move of the US administration to levy tariffs could lead to a further retaliation against the US but it may not have a direct impact on India. “Instead of de-escalating, the ...

The Dollar Business Bureau Export Promotion Council for EOUs and SEZs (EPCES) and the apex industry body, The Associated Chambers of Commerce & Industry of India (ASSOCHAM) on Friday signed a memorandum of understanding (MoU) collaborate together to actualise a shared agenda consisting of wide ranging activities of mutual benefits. Speaking on the occasion, Vinay Sharma, Officiating Chairman EPCES said, “There has long been a need felt to effectively tap the benefits of the already existing synergies between EPCES and ASSOCHAM - the two leading industry bodies of the country. “And in this regard, I am fully confident that the agreement would henceforth play a catalytic role in furthering this shared vision of the two organisations. Going forward, I am certain that the ...

The Dollar Business Bureau The apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM), in its pre-budget recommendations, urged the Government to levy a 10% customs duty on hardwood chemical pulp and bleached chemi-thermo mechanical pulp (BCTMP) imports in order to promote production of pulp in the country. The industry said that this would provide a fillip in creating jobs and support overall economic development of the country’s vast rural hinterland which covers pulpwood plantations. “These measures would help energise creation of sustainable sources of fibre required by Indian pulp and paper industry,” ASSOCHAM said in a statement on Tuesday. It also asked for policy measures for facilitating participation of private sector in plantation development programmes. As per estimates, India imports more ...

Investment announcements were being made, but ultimately investments were not happening at the ground level, says ASSOCHAM Source: PTI Investments have been facing long time delays mainly due to red tapism, which hurt the sentiment of investors and also incur huge loss to the investors   Expressing concern over the delay in implementation of projects related to investments, Associated Chamber of Commerce and Industry (ASSOCHAM) said it could adversely impact the 'Make in India' programme launched by Prime Minister Narendra Modi. "The campaign launched with much fan-fare aimed to provide domestic and overseas investors with an environment that is conducive to manufacturing, but the delay in implementation of investment projects is denting the sentiment of the investors,”  Secretary General D S ...

The Dollar Business Bureau Days after the RBI slashed interest rate by 50 basis points, an industry body has sought special dispensations from the government to protect India’s key industries including real estate, power, steel, and gems and jewellery sectors.  The industry body has asked the government to cut excise duty and take other accommodative measures like teaser loans for the housing sectors to bail these industries out of crisis.  “For creating additional demand, the government will have to chip in with, rather bold measures and create extra elbow room for the selected industries by way of extending short tenure stimulus on construction material like steel, cement, power equipment while for the gems and jewellery, export sops like interest subvention must ...

The Dollar Business Bureau Welcoming the RBI’s decision to reduce its lending rate for banks by 0.5%, various trade and industry bodies have asked banks to pass on the benefit to borrowers so as to improve cash flow in the economy. The Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy review on Tuesday reduced the repo rate from 7.25% to 6.75%. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) said the cut in interest rates needs to act as a demand push at the consumer level and should help revive investment cycle, especially in the private sector. “The trouble has been aggravated by a high level of debt in the private sector which makes it onerous ...

 The Dollar Business Bureau | @TheDollarBiz Top businessmen in India are optimistic that Prime Minister Narendra Modi’s visit to Washington next week will yield greater results for bilateral trade and draw more investments into India compared to his recent meetings with Japanese Prime Minister Shinz Abe and Chinese President Xi Jinping. In a survey conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), about 77% of the 261 top Indian corporate leaders who participated in the survey said that they expect tangible results from the Modi-Obama meeting slated for September 29-30, 2014. The other 23% are perhaps cautious considering that USA’s perceptions of Modi have been less than impressive in the past. However, things have changed ...

The Dollar Business Bureau | @TheDollarBiz   The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has signed five MoUs with Small & Medium Enterprises (SMEs) of China with an eye to improve the SME sector in India and reduce India’s trade deficit with China. The MoUs were signed by Wu Xiaochun, Director General, SME Bureau China and ASSOCHAM’s Secretary General D.S. Rawat. ASSOCHAM says that the cooperation will promote and help the SMEs to exchange technologies and enter joint ventures (JVs) in several sectors including processed food, cosmetics, rubber, plastics, textiles, machines for garment industry, and small scale plants for consumer durables.  Source - Ministry of Commerce, India    According to ASSOCHAM, enormous opportunities exist in agriculture products, and machinery ...