MUMBAI: The Reserve Bank of India Monday modified the guidelines on large exposures for banks with a view to reduce concentration of risk and align them with the global norms.
Newly-appointed Micro, Small, and Medium Enterprises (MSME) Minister Nitin Gadkari said he would work with full strength to increase job opportunities in the sector, reported PTI.
A reduction in the repo rate by the Reserve Bank of India (RBI) now seems like a done deal especially after the gross domestic product growth for FY19 came at a five-year low of 6.8%, with the fourth quarter growth at 5.8%. The case for an accommodative monetary policy is made stronger as retail inflation is below RBI’s mandated target of 4%.
Hyderabad: Member associations of South India MSME Joint Action Committee urged the central and state governments to extend support to MSME sector in accessing to low-cost funds.
The US decision to withdraw export incentives from India has been taken in a "haste" and would hurt the domestic exporters, industry chamber CII said on June 3.
Chennai, Jun 3 (Agencies): Hit by the triple whammy of delay in GST refunds, unfavourable forex and end of trade privilege to Indian firms, the micro, small and medium enterprises (MSME) sector wants the government to offer incentives in the upcoming Union Budget so that it can cope with the tough times.