The Asian Development Bank estimated the trade finance gap to be $1.5 trillion globally in 2017, most of which is amongst small business exporters in emerging markets.
New Delhi, July 24 (KNN) Emphasizing that the micro, small and medium enterprises (MSME) sector needs “deserves” bank support, the Managing Director and CEO of Indian Bank Padmaja Chunduru said the bank is working on improving lending to sector and they have a total of 50 specialized branches, including in Madurai.
The Reserve Bank of India is set to cut interest rates in August for the fourth meeting in a row, according to a Reuters poll of economists, a majority of whom said risks to their already-modest growth forecasts were skewed more to the downside.
A strong dissent note to the Bimal Jalan committee on the RBI's Economic Capital Framework (ECF) and his role in making sure India moves ahead for external currency sovereign bonds cost Economic Affairs Secretary Subhash Chandra Garg dear as the Appointments Committee of Cabinet (ACC) finally transferred him to the Ministry of Power.
The labour-intensive garment manufacturing industry in the Philippines, which employs around 250,000, has warned of massive layoffs, with immediate impact on small companies, if the current Tax Reform for Attracting Better and Higher-quality Opportunities (TRABAHO) Bill is passed into law, according to a survey conducted in September last year by the Confederation of Wearable Exporters of the Philippines (CONWEP).
Mumbai: The government may introduce taxes and customs duties totalling as much as 50% on products ordered from Chinese ecommerce platforms, continuing a crackdown on the purchase of such goods.