While TV remains a preferred medium for FMCG, consumer durables and car and bike ads, the increasing penetration of the social media will also attract marketing and media planners
The chamber has sought clarity from government to remove uncertainty among businesses
After the first draft of the Bill was submitted under a committee chaired by Justice B N Srikrishna in 2018, there were objections raised by businesses, especially on the broad restrictions on cross-border data flow.
'There is a bleak business outlook for trade and industry as government struggles to rev up economic growth and labour market.'
'I suggest a cut in the GST rates and an infusion of Rs 1.2 trillion into the economy in six months.'
March 28 is a holiday on account of Ram Navami.
The minister noted that while there is an agitation going on one side, there are also lakhs of farmers coming in support of these laws.
Speaking at an Assocham event, Modi said the recent cut in corporate tax has brought rates to all-time low for businesses, adding that labour force should also be taken care of.
Industry body Assocham on Wednesday expressed the fears that the loss to GDP due to the strike by central trade unions could be about Rs 26,000 crore (Rs 260 billion), higher than its initial estimate of Rs 15,000-20,000 crore.
While most of the states have seen a fall in attracting new investments in the sector, Gujarat has witnessed a surge of over 700 per cent as the state attracted investments worth over Rs 17,000 crore (Rs 170 billion) from just over Rs 2,000 crore (Rs 20 billion) in 2011-12.
Finance Minister Nirmala Sitharaman on Tuesday said the upcoming Budget for 2021-22 will sustain the momentum of public spending on infrastructure and have a "vibrancy" to ensure the economic revival continues. She also said the pace of divestment, which has been hit by the COVID-19 pandemic, will pick up in the coming months. "We shall definitely sustain the momentum of public spending in infrastructure. Because that is the one way we assure that the multipliers will work and the economy's revival will be sustainable.... "I am conscious that the forthcoming Budget will have a vibrancy that is so required for the economy's revival, sustainable revival," she said at the Assocham Foundation Week. The Budget for the 2021-22 fiscal is expected to be tabled in Parliament on February 1.
The study revealed that campus placements in the new b-schools has gone down by 40 per cent since 2009.
A total of 763 FDI proposals worth over Rs 1.78 lakh crore were filed across various states in India during 2011-12, according to Assocham.
The legislation is being implemented by the Corporate Affairs Ministry. Many provisions of the new law came into effect from April 1.
IT topped the group with over 210,000 jobs created in the 2012. Academics and education ranked second with over 34,500 jobs.
In order to gain advantage over their competitors, companies across various sectors engage in "espionage" like "bugging offices of their rivals by planting a mole", says a survey by industry body Assocham.
The estimated size of the Durga Puja economy could be about Rs 2.75 trillion in 2021 had there been no pandemic, points out Atanu Biswas.
The imitation jewellery market, which is about Rs 8,000 crore, is expected to touch Rs 15,000 crore.
Reminding the UPA-II government about the need to reverse the negative perception of a 'decision-making paralysis', industry body Assocham has made a pitch for second-generation reforms in various sectors, including finance, banking, taxation and agriculture.
Post-Budget survey find GDP numbers as 'too optimistic'
India's IT services sector witnessed 4.2 per cent growth in 2012-13.
According to an Assocham survey, the industry expects the Obama-Modi personal chemistry to be a high point of the forthcoming visit
"This is expected to be the busiest festive season for e-commerce companies as Indian consumers are likely to spend up to Rs 25,000 crore as against over Rs 20,000 crore spent in the festive season last year," Assocham Secretary General D S Rawat said.
'Raghuram Rajan's contribution to the country's economy is "exemplary" and he would always be remembered for his outstanding work.'
A survey showed as much as 95 per cent of CEOs and MDs were against Sebi's mandatory guidelines the company's to declare their quarterly performance, Assocham said in a statement.
Assocham estimates offices are facing staff crunches of 15 to 25 per cent with the various strains of fever.
Industry chamber Assocham on Monday said that 2011 may witness continuation of high inflationary pressures, a view contrary to the government that expects inflation to slow down to around 6 per cent by March next year.
The amnesty scheme is a 'practical and pragmatic' approach to bring back the black money stashed abroad, the chairman of Assocham's Legal Affairs Council R K Handoo said on the sidelines of the release of a study on black money in New Delhi on Friday.
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
They say that a stimulus package may not be necessary because, unlike last year's total lockdown, public transport, including the railways and airlines, is running and the restrictions on movement are localised and, in some cases, are partial rather than total.
India has attracted investment worth $1.6 billion for projects in the fields of power, steel, construction and engineering special economic zones from Japanese companies.
Business chamber Assocham has asked the government to accord industry status to organised retail sector, which would improve investment inflows into the sector and increase its share in this segment. The move would increase the share of organised retail in the overall sector to 20-22 per cent from the current 3 per cent, Assocham said.
Fifty-four per cent of the IT/ITeS workforce suffer from depression, severe headache, obesity, spondylitis and hypertension. Forty-seven per cent of financial services sector employees suffer from fatigue, diabetes and cardiovascular diseases. In the media, 51 per cent reported to be sick due to depression and high blood pressure. Fifty per cent of the employees working in KPOs suffered from chronic and lifestyle diseases.
According to an Assocham survey of about 5,000 students and parents, teachers are charging tuition fees ranging between Rs 300 and Rs 800 an hour. Nearly 60 per cent of middle-class parents with two school-going children and having an average monthly salary of Rs 25,000 spend about Rs 8,000 per month on tuition.
Inflation in 'fuel and power' basket rose sharply to 11.22 per cent in May from 7.85 per cent in April as prices of domestic fuel increased in line with rising global crude oil rates.
Locked in face-offs with two different regulatory agencies CCI and Sebi, realty major DLF's Chairman K P Singh on Monday suggested a provision in laws to sue regulators if their decisions get overturned at later stages.
Industry body Assocham has advised the government to enter into a Preferential Trade Agreement with China instead of a Free Trade Agreement. The chamber has prescribed a minimum period of 5 years before the two countries finalise the FTA. Tariff cuts due to FTA will see the Chinese goods flood Indian markets. While with a PTA, tariffs could be reduced in a phased manner. Indo-China FTA might affect economic efficiency of these countries as they would exclude other countries.
In eight major MSME-centric product groups, imports from China grew the fastest.
Earlier this month, the CBI registered a Preliminary Enquiry against former Sebi Chairman C B Bhave and ex-member K M Abraham, as also against Jignesh Shah-founded FTIL and MCX, among others.
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