RBI Deputy Governor N S Vishwanathan said that India’s banking reforms will be globally compliant, yet tailored to local needs.
Defence Minister Rajnath Singh on Tuesday said that the Technology Development Fund (TDF) Scheme will encourage MSMEs to take part in defence manufacturing.
Commerce, Textiles Ministries promise support; exporters hope rebate on taxes will be extended to the sectors.
‘The space vacated by China is largely occupied by the least developed countries’.
The textile value chain, particularly the cotton-based manufacturing value chain, in India is facing liquidity issues due to slowdown in demand, according to Indian Texpreneurs Federation (ITF). If the situation continues, there may be a need for converting short-term loans in textile manufacturing sector to long-term.
The Indian cotton-spinning sector is in dire straits and is facing a crisis not seen in the past one decade, according to an apex body representing the industry.