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The hiring outlook in the private sector is expected to stay muted till the beginning of fiscal 2018-19, an ASSOCHAM assessment, based on its feedback from members, indicated.
At a time when the Indian economy is seeking positive triggers for growth revival, any political narrative on reservation in the private sector would bring in a big blow, it said.
The alarming level of pollution in Delhi-NCR may hit tourism in the region as November and December are the peak months for foreign travellers to visit India.
The report found that towards the end of 2015, 40 per cent of the Indian children were undernourished.
India has about 6,300 cold storage facilities with a capacity of 30.11 million tonne, which are only able to store about 11 .per cent of the country's total perishable produce
The findings are based on a survey conducted across 10 cities in Delhi-NCR, Mumbai, Ahmedabad, Chennai, Kolkata, Hyderabad, Chennai, Bengaluru, Chandigarh and Dehradun.
There has been a 40-45 per cent impact on goods like decorative lights which records huge sales during Diwali, whereas a slight impact has also been seen on China-made electronic goods.
Industry chamber Assocham said on Sunday that the consumer is getting restive about a three-year high in the petrol prices and feels the market pricing mechanism is being distorted by the tax hikes.
Farmers’ coordination committees comprising 11 members would also be formed, at the same time.
Foreign companies generating income in India could soon get additional tax benefits with the Central Board of Direct Taxes indicating lowering of withholding tax rate.
On the eve of International Yoga Day, a study has revealed that India is facing a shortage of about three lakh yoga instructors, as against the requirement of over 5 lakh.
Infrastructure and transportation like road and railway sectors should be exempted from GST, as projects in this segment witness long gestation period and negative returns, Assocham said.
Assocham said existing assessees have not yet migrated to the GSTN portal due to reasons like non-familiarity with IT tools as well as registration process. It cited server maintenance issues too.
Poor infrastructure, "extremely high" cost of power in addition to high interest rates are eroding the competitiveness of Indian industry, the Assocham president said.
Banks sold Rs 2.44 lakh crore non performing assets to Asset Reconstruction Companies since 2003: Assocham
The current stock of stress in the Indian banking system is estimated at Rs 11.80 lakh crore, the Assocham-SIPI-Edelweiss study said.