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.
The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.
From October 1 of 2018-2019 fiscal year, the CMP garment industry earned over 3.8 billion US dollars, up over one billion US dollars compared with the same period last year, according to an official of the Commerce Ministry.
Edakkara residents to get clothes of their choice for free.
The State Bank of India (SBI), Bhubaneswar Circle organised an MSME Customer Meet here on Wednesday in which about 40 SME customers of Bhubaneswar zone took part.