MUMBAI: Even though the headline credit demand is growing at a healthy 14 percent, Reserve Bank governor Shaktikanta Das Thursday said it is not broad-based while those to MSMEs have been muted so far.
Moderate the tax rate and broaden the tax base’ is the mantra for behind any robust tax system. In the poll season, government actions will be linked to politics. The time has come to move beyond politics, and understand long-term economics.
The GST and the e-way bill system are encouraging companies to restructure the logistics strategy and save on costs, a city-based transportation firm has said.
Reacting to RBI’s repo rate cut by 25 basis points on Thursday, the Indian industry expected its hope that the rate cut will result into rate transmission by commercial banks.
Surat is the biggest manufacturer of mandap cloths in the country with more than 250 units manufacturing only mandap cloths. According to Sancheti, there are nearly 1,000 other units which are manufacturing mandap cloths as well as other fabrics.
Exporters' association FIEO has said that Madhya Pradesh has potential to double its share in country's exports in next 5 years.