At this point, when the economy is struggling to grow at beyond 7%, and India’s high real rates of interest are a factor in keeping investment low, a 50 bps cut would have given corporate borrowers some relief; transmission, though, can take 4-6 quarters and yields have, in fact, risen after last week’s cut.
As small finance banks (SFBs) venture beyond microfinance, a number of them are raising funds through equity investments. At present, for a majority of SFBs, more than 80 per cent of the portfolio is from microfinance.
A section of women working in garment units in Madurai and nearby districts has come up with a charter of demands to all the political parties.
How can we make our RMG sector more sustainable?
Exports continued its good run in March, fetching 9.51 percent more than a year earlier and getting into a comfortable position to hit this fiscal year's target of $39 billion.
A group of international business associations representing garment, footwear and travel goods buyers have called on the government to improve labour and human rights conditions in the Kingdom in the face of possible preferential trade agreement changes by the United States and European Union.