The Reserve Bank of India (RBI) has issued a notification for extending the 2% Rupee Export Credit Interest Rate Subvention Scheme till March 31, 2014 for nine different sectors, including readymade garments, handlooms, carpet and ...
Business Line cited Mr E Sudhir Reddy chairman of IVRCL as saying that several regulatory changes need to be brought about to accelerate the growth of the country’s infrastructure, which is now in a state of considerable stress. Mr ...
Tags: infrastructure, Change Norms
Cement prices in India have dropped around 6% since June this year. The dip in cement prices can be attributed to a slowdown in construction and the Competition Commission of India (CCI) order that penalized 11 cement companies, accusing ...
Tags: cement prices, India, June, dip
M Rajkumar N Dhoot President of ASSOCHAM said that as the inflation is at its 10 month low, it is time the Reserve Bank of India took measures to ensure that the interest rates are reduced irrespective of tools it may choose to use. Mr ...
Tags: Metallurgy, Mineral, Energy, bank
Business Line reported that Mr HM Nerurkar MD of TATA Steel said that in 2013-14,steel demand in India is expected to be higher at around 7%. He told Business Line"Reforms announced by the Government will provide a fillip to growth in the ...
Tags: TATA Steel, HM Nerurkar MD, India, Steel Demand
ccdirector & group CFO of JSPL said that a number of companies are coming out with initial public offers but, JSPL at the moment does not have any plans to list Jindal Power in the near term. He added that they have provided all the ...
Tags: JSPL, Jindal Power, mining operation, mining
PTI reported that India and Japan recently signed a currency swap agreement for up to USD 15 billion to address short term liquidity problems. The bilateral swap arrangement between the Reserve Bank of India and the Bank of Japan enables ...
Tags: swap agreement, Reserve Bank of India, Bank of Japan, PTI
PTI reported that JSW Steel plans to raise $600 million through overseas borrowings by March next year to prepay part of its rupee loan. JSW Steel's joint MD & CFO Mr Seshagiri Rao told PTI "e are planning to prepay INR 3,500 crore rupee ...
Tags: JSW SteeL, loan, Reserve Bank of India
A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC), on RBI announcement of its Q2 review of monetary policy on 30th October 2012 wrote a letter to Finance Minister, Shri P Chidambaram. Dr Sakthivel in his letter stated that, ...
Tags: AEPC, Q2 review, garment exporters, interest rates
Reserve Bank of India released second Quarter Review of Monetary Policy 2012-13 and leaves Repo Rate and Reverse Repo Rate unchanged at 8% and 7% respectively while reducing the Cash Reserve Ratio (CRR) by 25 basis points with an intension ...
Tags: TEA, RBI, Monetary Policy 2012-13, garment exporting sector
Shri Anand Sharma, Minister of Textiles has informed that textile industry suffered a downturn in 2011-12, due mainly to the global economic slowdown and partially the high price volatility in the international and domestic cotton market. ...
Tags: India, Textile Industry, Debt Restructuring
Reserve Bank of India(RBI)released Mid-Quarter Monetary Policy Review:September 2012 and reduced only the Cash Reserve Ratio(CRR)by 25 basis points and kept other key policy rates Repo Rate and Reverse Repo Rate unchanged. While giving ...
Tags: RBI, Mid-Quarter Monetary Policy Review, knitwear exporters