Narendra Kumar Jain, president of Employers’ Association of Rajasthan is a happy man, thanks to the labour reforms, initiated in 2014-15 under the then Chief Minister Vasundhara Raje.
The rupee recovered from early lows to close higher by 13 paise at 71.14 against the US currency on August 16 in line with firm local equities, defying gains in the greenback overseas and foreign capital outflows.
The ninth round of the FICCI-IBA survey was carried out for the period January to June 2019. A total of 23 banks including public sector, private sector, foreign and small finance banks participated in the survey.
Amid widespread concern over the current slowdown in the Indian economy, State Bank of India (SBI) Chairman Rajnish Kumar on Sunday raised the pitch for a stimulus, saying that the credit demand remains subdued.
Businessmen and tax practitioners in the state are irked as no action has been taken regarding the announcement by Finance Minister Nitin Patel while presenting the budget of 2019-20 that the state government will bring an amnesty scheme for legacy tax disputes by August 15.
Public sector banks here held individual consultative meetings with their branch managers in this region/zone on August 17 and 18 and have forwarded their suggestions and issues of concern to the core teams of the respective banks.