Chennai: Lack of working capital is the biggest concern for the MSME sector, with the sectoral data on bank credit by the RBI showing a fall of 3.8% year-on-year as on September 27 and outstanding loans shrunk by Rs 14177 crore to Rs 3.63 lakh crore.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, surged 0.09 per cent to 97.59.
Mumbai: The current slowdown has been the most severe one in the last 20 years said a Centrum brokerage firm report, adding that its impact has been "unprecedented" on both rural and urban demand. It forecast growth rebound only by first or second quarter of 2021.
Mumbai: The Reserve Bank of India (RBI) has sought innovations in the area of feature phone payments, offline digital transactions and contactless payments.
India loses direct tax revenues on the value of its imports. The answer is to tax imports, and review levies such as MAT, DDT
India will no longer be a part of the mega RCEP trade deal, as its concerns around imports, especially from China, were left unaddressed.