TEA urges Centre to release pending claim amounts Coimbatore, 0ct 4 (PTI) Citing liquidity crisis, Tirupur Exporters Association (TEA) on Friday urged the Centre to clear pending claims related to Drawback, Rebate on State Levies (RoSL) and Rebate of State and Central Tax and Levies (ROSCTL), including IGST.
The Finance Ministry on Friday said that the Reserve Bank’s decision to lower benchmark lending rate will complement recent measures taken by the government to accelerate growth. Earlier in the day, RBI cut the repo rate by 25 basis points to 5.15 per cent.
NEW DELHI: The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India on Friday slashed the short-term lending rate, repo rate, by 25 basis points in its fourth bimonthly policy review.
India and Bangladesh are not competitors but collaborators in making both countries prosperous and ensuring a better future for their people said Union Minister of Commerce & Industry Piyush Goyal at the India - Bangladesh Business Forum held on Friday in New Delhi.
Sri Lanka on Friday urged India to remove trade barriers for better economic cooperation among South Asian nations, saying the move by the neighbouring country to restrict exports of onions has a massive impact on prices there.
The Union Ministry of MSME is extending major financial support for setting up of technology centres and clusters for development of micro, small and village industries in Odisha.