The rupee appreciated by 12 paise to 69.05 against the US dollar in opening trade on Friday, driven by weakening of the greenback in overseas markets and higher opening in domestic equities.
MUMBAI: Even though the headline credit demand is growing at a healthy 14 percent, Reserve Bank governor Shaktikanta Das Thursday said it is not broad-based while those to MSMEs have been muted so far.
Moderate the tax rate and broaden the tax base’ is the mantra for behind any robust tax system. In the poll season, government actions will be linked to politics. The time has come to move beyond politics, and understand long-term economics.
Exporters' association FIEO has said that Madhya Pradesh has potential to double its share in country's exports in next 5 years.
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.
The GST and the e-way bill system are encouraging companies to restructure the logistics strategy and save on costs, a city-based transportation firm has said.