Reacting to RBI’s repo rate cut by 25 basis points on Thursday, the Indian industry expected its hope that the rate cut will result into rate transmission by commercial banks.
Surat is the biggest manufacturer of mandap cloths in the country with more than 250 units manufacturing only mandap cloths. According to Sancheti, there are nearly 1,000 other units which are manufacturing mandap cloths as well as other fabrics.
ISLAMABAD: As the federal government goes for a final check on ‘ease of doing business’ indicators at a national level prior to the World Bank team’s arrival, all the agencies have been tasked to complete relevant reforms before April 30, 2019, a statement said on Thursday.
The rupee depreciated by 25 paise to 68.66 against the U.S. dollar in early trade on Thursday ahead of the Reserve Bank of India’s policy decision and foreign fund outflows.
The Finance Ministry and the Reserve Bank of India (RBI) may soon start consultations with each other to find out a revised mechanism on non-performing asset (NPA) resolution.
India’s biggest indirect tax reform in the form of Goods and Services Tax (GST) was introduced and implemented from July 1, 2017.