Robust export of cotton textiles to China has helped India reduce its trade deficit with that country. The recent government move to reimburse all State and Central levies on textile exports boosted shipments to major consuming countries.
New Delhi: India’s MSME sector has the potential to create up to 1 crore new jobs in the next 4-5 years by focusing on developing the enterprises in certain segments through partial substitution of imports, a report has said.
Mumbai: The rupee fell 7 paise to 69.24 against the US dollar in opening trade Monday on increased demand for the greenback from importers and banks.
The RBI is likely to release its revised stress assets resolution circular after the elections to clear the model code of conduct.
MUMBAI: The Reserve Bank remained a net buyer of the US dollar for the third consecutive month in February, when it bought $825 millionfrom the spot market, according to the data from the central bank.
PUNE: Last week, after a hectic day of campaigning, former Maharashtra chief minister Prithviraj Chavan arrived at a Congress leader’s home late evening in Pune.