Kolkata: Reserve Bank of India has proposed a rule-based approach in fixing new Ways and Means limits for the state governments, replacing the previous expenditure-based system.
Senior officials from the Reserve Bank of India met about two dozen bankers on Monday for feedback on the central bank's new cash infusion tool, according to two bankers who attended the meeting.
Similarly, jute manufacturing (including floor covering) reported a decline of 10% to $23 million as compared to $26 million in February 2018.
The Narendra Modi government has introduced the much-needed second generation reforms with several game-changing decisions over the last five years, said Finance Minister Arun Jaitley on Monday, cheering the GST introduction, saying it will increase the assessee base in the first twenty-one months of its implementation by almost eighty percent.
The first buying club for SMEs in India, Power2SME has announced its foray into the state of Chhattisgarh. The company will work towards providing finance and easing raw material procurement for MSMEs in the region.
Chennai: Similar to co-operative agricultural bodies to market produce directly and ensure value addition, textile department officials are now looking to create ‘weaver companies’ for small power loom weavers.