It always works, when you know what you’re doing
NEW DELHI: India is considering allowing 100% foreign direct investment (FDI) in contract manufacturing to give a boost to manufacturing in the country along with foreign inflows.
Prime Minister Narendra Modi is now focusing on issues such as pushing up economic and to push growth rate to 8% as forecast by the Finance Minister Ms Nirmala Sitharaman in her maiden budget speech in parliament.
NAGPUR: Union transport minister Nitin Gadkari on Sunday said he had once recommended to the finance minister that the RBI governor “was no good and should be sacked outright”.
Lack of proper books of accounts, absence of a cost-effective and innovative credit rating mechanism suited for SMEs, and failure to embrace technology are some of the reasons that deprive formal credit to the Micro, small and medium-sized enterprises (MSMEs), felt the members of a panel discussing ‘Keeping Your Business Well Funded’, at the SME Conclave.
The country’s central bank has cut interest rates for the fourth time in a row. The repo rate cut has been cut by 35 basis points and now stands at 5.4%—the lowest since April 2010.