In a relief to exporters and industry, the Central Board of Indirect Taxes and Customs (CBIC) issued (GST) refunds to the tune of Rs 543 billion up to July 31.

This refers to “Excessive centralisation of power one of India’s main problems, says Rajan” (November 11). Former Reserve Bank of India governor Raghuram Rajan’s (pictured) lecture has serious defects. 

Industry body CII Wednesday suggested several short-term measures to the RBI for enhancing credit to the micro, small and medium enterprises. 

The MSMEs are always pampered by the government as they generate employment and helps in inclusive growth. But MSMEs pampered in the past could create assert quality issues in future.

Raymond Apparel Limited, a wholly owned subsidiary of Raymond Limited, has appointed Nirvik Singh as the Non - Executive Chairman and has inducted Anshu Sarin and Gautam Trivedi as new board members.

The finance ministry will seek immediate solutions to the issues of MSME credit and NBFC liquidity in the central bank’s board meeting on November 19, official sources said on Wednesday, adding that discussions on the central bank’s capital framework could be continued even after the meeting.