The Finance Commission held consultations with senior officials of the Ministry of Finance on Thursday on the overall economic situation and key economic variables.
The US dollar ended sharply higher against the rupee at Rs 70.22 per dollar but the pound sterling finished higher at Rs 89.43 at the close of the Interbank Foreign Exchange (forex) market.
The estimates for foreign trade showing a sharp slowdown in merchandise export growth in April, to 0.64% from a year earlier, ought to add to concerns about the economy.
Mumbai, May 17 (KNN) Small Industries Development Bank of India (SIDBI) Thursday reported a 28.22% jump in net profit at Rs 519.36 crore for the March quarter as against Rs 405.06 crore in year-ago period.
Global trade tensions between the US and China, two largest economies in the world, may affect India’s dwindling exports, said FIEO President Ganesh Kumar Gupta.
Financial performance highlights for Small Industries Development Bank of India (SIDBI), the all India financial institution engaged in creating an integrated credit and development support ecosystem for Indian Micro, Small and Medium Enterprises (MSME).