In its pre-Budget memorandum submitted to the Finance Ministry, ASSOCHAM has proposed the rationalisation of TDS rates by suggesting a uniform rate of either 1% or 2% for all payments made to resident assessees. This proposal aims to reduce disputes caused by differing interpretations and enhance tax compliance. The memorandum also called for the decriminalisation … Read more
Industry body Assocham will host a series of B2B meetings with a high-level delegation from UAE’s Sharjah Airport International Free (SAIF) Zone. The meetings, themed ‘Expanding Your Business Globally with SAIF Zone‘, are scheduled to take place on November 7-8 in Chandigarh, a release said here on Sunday. The B2B (business-to-business) meetings aim to provide … Read more
Commerce and industry minister Piyush Goyal on Thursday asked the domestic industry to accelerate production activity and make India a global manufacturing hub. He was addressing industry leaders at a chintan shivir (brainstorming session) where issues related to creating a manufacturing ecosystem, maintaining quality standards, promoting domestic value addition, government policies and support, and fostering … Read more
Industry body Assocham on Thursday said the Reserve Bank‘s decision to raise the benchmark lending rate by 50 basis points to 4.9 per cent will help the Indian economy in the medium term. The central bank on Wednesday raised the repo rate for the second time in five weeks. Earlier, it had raised the short … Read more
The Omicron variant has emerged as a ‘variant of concern’ following its detection in southern Africa late last month. (File/Reuters) The Associated Chamber of Commerce and Industry (ASSOCHAM) called for a higher pace of vaccination amid a spurt in Covid-19 cases led by the Omicron variant. ASSOCHAM CSR Council Chairman Anil Rajput also called for … Read more
Demand is picking up on the back of robust activities in rural segments and sectors like construction and consumer durables, industry body Assocham said on Friday. It said domestic travel and tourism are also witnessing an unleashing of pent-up demand. ”Although, hazarding a guess in the middle of a pandemic is not desirable, last 2-3 … Read more
India Inc on Friday said it is looking forward to a repo rate cut in future as cost of funds has to come down in coming times, and expects continuation of accommodative policy stance by the Reserve Bank of India (RBI). The RBI decided to leave the benchmark interest rate unchanged at 4 per cent … Read more
Industry chamber Assocham on Wednesday recommended the government to extend relief measures such as regulatory easing, wage support, and interest subsidy for the MSMEs which are reeling under the severe impact of COVID 19. As the states are in the process of easing lockdowns, the trade and industry would need all-around support to pick up … Read more
Top multinational auditing firms in the country are at loggerheads with their Indian peers once again, with the former lobbying to make the Reserve Bank of India to reconsider its latest auditing regulations that open up new opportunities for smaller Indian firms. On April 27, the central bank had issued guidelines for appointment of statutory … Read more
New Delhi: India’s economy has shown a remarkable resilience in the last few months, braving the impact of the coronavirus pandemic with lead indicators such as manufacturing PMI and exports returning to growth trajectory, Assocham said on Thursday. The chamber’s Assessment on State of Economy (AASE) report pointed towards a further pick up in the … Read more