The Tiruppur Exporters’ Association has said that the decision of the Reserve Bank of India to reduce the repo rate by 0.25 % gives confidence that there will not be any interest hike in the near future.
NEW DELHI: The Central Government would like the Goods and Services Tax (GST) Council, slated to meet later this month, to address the distress in India’s export sector on account of the US withdrawing preferential trade terms and an ongoing global slowdown by tweaking the GST rate on products which figure heavily in India’s export basket.
The rupee on Friday opened 7 paise higher at 69.19 against the US dollar on account of some selling in American currency by banks and importers.
The Micro, Small, and Medium-scale Enterprises (MSMEs) will continue to play a vital role in the economy, according to Sriram Viji, Deputy Managing Director of Brakes India Private Limited.
COIMBATORE: The Centre would soon introduce positive radical reforms in the micro, small and medium enterprises (MSME) sector, which would create more opportunities, director (planning and marketing) of the National Small Industries Corporation Ltd (NSIC) P Udayakumar said here on Thursday.
Now that the new government is in place, it is time for fixing GST glitches, and further simplifying its structure and administration. It is heartening to note that both the ruling party and the Opposition were very vocal during the election campaign on the need to simplify the GST structure and mechanism.