NEW DELHI: The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India on Friday slashed the short-term lending rate, repo rate, by 25 basis points in its fourth bimonthly policy review.
The Union Ministry of MSME is extending major financial support for setting up of technology centres and clusters for development of micro, small and village industries in Odisha.
India and Bangladesh are not competitors but collaborators in making both countries prosperous and ensuring a better future for their people said Union Minister of Commerce & Industry Piyush Goyal at the India - Bangladesh Business Forum held on Friday in New Delhi.
Gujarat recently said new micro, small and medium enterprise (MSME) units will no longer be required to take various approvals to begin operations for the first three years.
Ahead of a crucial ministerial meeting of the Regional Comprehensive Economic Partnership (RCEP) in Bangkok next week, top Union Ministers including Amit Shah, Nirmala Sitharaman, and S. Jaishankar, held a meeting on Friday to discuss the proposed mega free-trade agreement, which is poised for conclusion at the ASEAN summit next month.
Sri Lanka on Friday urged India to remove trade barriers for better economic cooperation among South Asian nations, saying the move by the neighbouring country to restrict exports of onions has a massive impact on prices there.