Dear Mem­ber,

Assocham Bulletin - - ECONOMY -

On be­half of AS­SOCHAM, I wish all our mem­bers & read­ers a very happy fes­tive sea­son. The mood must be up­beat and let me speak with lot more pos­i­tiv­ity. Apart from our usual fes­ti­vals of Navra­tra, Di­wali, Onam etc, the coun­try is also en­joy­ing the sea­son by cel­e­brat­ing Swachh Bharat Ab­hiyan and FIFA U17 Foot­ball world cup, be­ing played in In­dia.

The prob­lem of air pol­lu­tion has been gain­ing na­tional in­ter­est over the years, there­fore pol­icy mak­ers are deeply con­cerned with the odouos and smoke that is badly im­pact­ing the health con­di­tion of one and all. There is an ur­gent need to re­duce air pol­lu­tion and im­prove am­bi­ent air qual­ity through vol­un­tary ac­tions by in­di­vid­u­als and or­gan­i­sa­tions.

In this con­text, AS­SOCHAM in col­lab­o­ra­tion with Reckitt Benckiser (RB) led, 'Det­tol Banega Swachh In­dia' cam­paign launched an' Aware­ness Pro­gram on Air Pol­lu­tion' in Pun­jab on Mon­day, 2nd Oc­to­ber, 2017. The ob­jec­tive of this pro­gram was to pro­mote aware­ness and prac­tice through be­hav­ioral change, com­mu­ni­ca­tion ac­tiv­i­ties by in­volv­ing Pan­chay­ats, Corp orates, MSMEs, NGOs, Ed­u­ca­tional In­sti­tute, Hos­pi­tals and other stake­hold­ers. We are proud to be a part of CLEANATHON 2017 or­gan­ised by NDTV on 2nd Oct, 2017 at Mum­bai, in pres­ence of Mr. Amitabh Bachchan and to share our views on air pol­lu­tion.

This is the first time an In­dian team is par­tic­i­pat­ing in a FIFA World Cup and the tour­na­ment has been widely pro­claimed as a mas­sive op­por­tu­nity to be­gin the process of bring­ing In­dian foot­ball back to its for­mer glory. It was a proud mo­ment for AS­SOCHAM to fe­lic­i­tate the U17 In­dian Foot­ball team in pres­ence of Mr. Ra­jyaward­han Rathore, Hon'ble Min­is­ter of State (ljC) for Youth Af­fairs & Sports, Gov­ern­ment of In­dia. We wish our team all the best for this im­por­tant tour­na­ment & hope they do well to make ev­ery In­dian proud.

As far as In­dian econ­omy is con­cerned, we had in­ter­acted with Hon'ble Pres­i­dent of In­dia, PMO & Fi­nance Min­istry dur­ing this month and they shared their con­cern over de­plet­ing eco­nomic growth of the coun­try. On their be­hest, AS­SOCHAM shared their views on short term & long term mea­sures for bring­ing back the econ­omy on the growth path and also shared voice of in­dus­try re­gard­ing GST is­sues.

Sur­pris­ingly, RBI has kept its pol­icy rates un­changed in re­cently an­nounced mon­e­tary pol­icy. The in­dus­try was ex­pect­ing that RBI should cut the pol­icy in­ter­est to boost the growth as the in­fla­tion level is still well within con­trol. RBI is al­ways faced with the dilemma of choos­ing be­tween growth and in­fla­tion, but the over­all na­tional sen­ti­ment at this point of time, is for re­viv­ing growth and em­ploy­ment as the trade and in­dus­trial ac­tiv­ity, par­tic­u­larly in the in­for­mal sec­tor is fac­ing some is­sues from GST. The win­dow of eas­ing in­ter­est rates was very much open, which should have been used.

AS­SOCHAM also or­gan­ised some other im­por­tant events dur­ing Sep-Oct, 2017 in­clud­ing Gold Sum­mit, In­sur­ance Sum­mit, Hous­ing for All Sum­mit etc. and the re­sponse was tremen­dous with re­gards to pres­ence of guests & del­e­gates.

I wish you all a very happy fes­tive sea­son once again.

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