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FSSAI open for changes in Food Products Regulations

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FSSAI open for changes in Food Products Regulations I Assocham.tv

Indian nutraceuticals market may touch US dollars 10 billion by 2022 from the current level of US dollar 4 billion. The government and the industry are getting ready to adopt the proper mechanism for supporting the change. Hence, the government is open to changes in the upcoming food processing regulations, that will go through a proper process for finalization.  The new set of regulations, covering nine major food groups, is slated to be operational on 1st January 2018.
The government feels that forward and backward linkages with traceability would be the key for evolving nutraceuticals sector. The food parks would provide utilities of common interest to the companies, while specific farms would constitute traceable sources. The 6000 crore rupees earmarked for Kisan sam pada Yojana would also help the nutraceutical sector.
The scientific community welcomed the provision of protecting 400 medicinal plants, particularly …

Govt. will create 65 million jobs by 2026 - Bandaru Dattatreya, Labour Minister

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Govt. will create 65 million jobs by 2026 - Bandaru Dattatreya, Labour Minister I Assocham.tv

The Govt. will create 65 million jobs by 2026. This was said by Minister of State for Labour and Employment – Bandaru Dattatreya. The minister also urged the industry to focus on improving the social security of India’s growing workforce.
Presenting the special address, the Secretary, Ministry of Heavy Industries and Public Enterprises – Girish Shankar stated that India must innovate to become a true engineering hub.
Address the gathering the Chairman of the ASSOCHAM National Council on Auto and Auto Ancillaries – R. S. Kalsi stated that the increase in taxes of electric vehicles under the GST regime may lead to a decrease in growth in the sector.
The event also witnessed the release of a knowledge Paper titled “Industry 4.0 and India’s Automotive Industry” and the felicitation of the best performers in the Indian automotive sector across 15 categories:
The Inaugural Session was followed by T…

Exclusive Interview on GST With Pratik Jain: Chairman, ASSOCHAM Special Task Force on GST National Leader, Indirect Tax, PwC

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Exclusive Interview on GST With Pratik Jain: Chairman, ASSOCHAM Special Task Force on GST National Leader, Indirect Tax, PwC


With GST being rolled out from the midnight of June 30 or July 1, India would usher the most ambitious tax reforms since Independence. No doubt, the GST is going to re-write the script of the way we do business in India. It would certainly be a game changer in the long run. While there is an excitement, there are going to be some challenges and hiccups in the initial phase of implementation.
To shed some light on the subject, Digital ASSOCHAM invited the Chairman of the ASSOCHAM Special Task Force on GST and National Leader Indirect Tax, PwC - Pratik Jain. Mr. Jain spoke on a number of issues such as the sentiments of the industry, the benefits to be accrued, the concerns of the industry and the requisites for a smooth transition.


ASSOCHAM committed to propagation of Yoga I Assocham.tv

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ASSOCHAM committed to propagation of Yoga



India’s oldest apex trade chamber ASSOCHAM has been unceasing in its efforts to promote Yoga.  A recent paper authored by the ASSOCHAM Social Development Foundation revealed that India faces a shortage of over three lakh yoga instructors. This is just the latest step, in a long association that has seen some of the leading practitioners of Yoga including the renowned Baba Ramdev participating in ASSOCHAM activities.
The chamber has long recognized the temporal and tangible benefits of Yoga and has gone out of its way to encourage Yoga as a panacea to the problems of modern society. ASSOCHAM Events have routinely brought Yoga to the world’s attention, as a path to self-realization and truth.
The chamber has been unequivocal in its advocacy of Yoga and Yogic practices for the realization of personal, social, economic, political and spiritual benefits.
As India’s leading industry body, ASSOCHAM is committed to the propagation of yoga for a spiri…

Yoga can be immensely beneficial to corporate sector: P. K. Sandell

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Yoga can be immensely beneficial to corporate sector: P. K. Sandell


On the occasion of the International Yoga Day, Digital ASSOCHAM had the privilege to meet the Chairman of the Joint Yoga Committee for ASSOCHAM and Ph.D. Chamber of Commerce - Dr. P. K. Sandell. 
Yoga can be the answer to many of the problems faced by the different echelons of Industry in India stated Dr. Sandell. It is cheap and accessible and does not require any material input, he added.
Dr. Sandell also talked about the origins of Yoga and the initiatives that ASSOCHAM is undertaking for the propagation of Yoga.



Traditional Methods of assessing credit worthiness unsuitable for MSMEs: S S Mundra, Deputy Governor, RBI

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Traditional Methods of assessing credit worthiness unsuitable for MSMEs: S S Mundra, Deputy Governor, RBI


Traditional methods of assessing credit worthiness do not work for MSMEs. This was said by the Deputy Governor, Reserved Bank of India – S. S. Mundra at ASSOCHAM’s 3rd National Summit- Bankers Borrowers Business Meet 2017 in New Delhi. The Deputy Governor added that India has over 50 million MSMEs that account for one-third of the country’s GDP. It is, therefore, essential for Banks to understand the credit cycle of MSMEs, he observed.
Presenting the banking perspective, the Managing Director, State Bank of India – P K Gupta observed that MSMEs in India have traditionally suffered from a high-risk perception. However, banks are now moving from balance sheet financing to supply chain financing, he added.
Delivering the Theme Address, the Chairman and Founder, Capital First – V Vaidyanathan observed that we need to encourage more lenders to cater to underserved sectors like the MSM…

Govt aims for 0 electrical equipment imports by 2022: P. P. Chaudhary, MoS, Electronics and IT

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Govt aims for 0 electrical equipment imports by 2022: P. P. Chaudhary, MoS, Electronics and IT


The government is aiming for zero electrical imports by 2022. This was said by MoS, Electronics and IT, Law and Justice - P P Chaudhary at ASSOCHAM's National Conference on Cold Chain. The Minister also outlined the government's steps to reinvigorate the electronics manufacturing industry.