The US terminated India's designation as a beneficiary developing nation under the Generalised System of Preference (GSP) trade programme, with effect from June 5. While the Centre has termed the move as "unfortunate", according to some industry observers, the US decision will hardly have any major impact on India's exports.
MUMBAI: The Reserve Bank of India Monday modified the guidelines on large exposures for banks with a view to reduce concentration of risk and align them with the global norms.
Newly-appointed Micro, Small, and Medium Enterprises (MSME) Minister Nitin Gadkari said he would work with full strength to increase job opportunities in the sector, reported PTI.
Chennai, Jun 3 (Agencies): Hit by the triple whammy of delay in GST refunds, unfavourable forex and end of trade privilege to Indian firms, the micro, small and medium enterprises (MSME) sector wants the government to offer incentives in the upcoming Union Budget so that it can cope with the tough times.
Hyderabad: Member associations of South India MSME Joint Action Committee urged the central and state governments to extend support to MSME sector in accessing to low-cost funds.
A reduction in the repo rate by the Reserve Bank of India (RBI) now seems like a done deal especially after the gross domestic product growth for FY19 came at a five-year low of 6.8%, with the fourth quarter growth at 5.8%. The case for an accommodative monetary policy is made stronger as retail inflation is below RBI’s mandated target of 4%.