COIMBATORE: Tirupur Exporters' Association (TEA) Thursday requested banks to pass on the reduction of repo rate by 25 paise to exporting units.
Tirupur: In a representation to the Reserve Bank of India, the Tirupur Computer Embroiderers Association has requested the apex bank to stop levying pre-closure charges if loans are transferred between nationalised banks.
The Apparel Export Promotion Council, in its bid at educating the trade about the e-Sanchit portal, organised a workshop in Tirupur recently.
MUMBAI: Even though the headline credit demand is growing at a healthy 14 percent, Reserve Bank governor Shaktikanta Das Thursday said it is not broad-based while those to MSMEs have been muted so far.
Moderate the tax rate and broaden the tax base’ is the mantra for behind any robust tax system. In the poll season, government actions will be linked to politics. The time has come to move beyond politics, and understand long-term economics.
The rupee appreciated by 12 paise to 69.05 against the US dollar in opening trade on Friday, driven by weakening of the greenback in overseas markets and higher opening in domestic equities.