Jan '08
Following the rate cut by the US Federal Reserve and the growing disparity between the rates in the US and India, the Indian Industry had expected that the RBI would respond with a rate cut at this review, said the release.
However, the statement from the RBI has pointed out that the focus needs to be on control of inflation expectations, price stability and orderly conditions in the financial markets, and these would take priority under the current global situations, said CII.
The release said that CII recognizes this policy stand as being “neutral” and a deviation from the “hawkish” stand taken by RBI earlier.
There is an underlying focus on stability, which is conservative, and CII feels that in uncertain times, this is strategically a good stance, as long as the RBI explicitly makes it known that it can take any action pertaining to the key rates if the situation demands.
The release also said that CII has taken note of the terms “conventional” and “unconventional” measures that the RBI can respond with if need arises.
CII has also welcome RBI's move to persuade banks to undertake institutional and procedural changes for enhancing credit delivery to sectors that are employment-intensive.
The export intensive and employment intensive sectors such as garments, leather & leather products and handicrafts have been adversely affected due to appreciation of India Rupee since the last 5 quarters.
Must ReadView All
Textiles | On 21st Oct 2017
Pakistan govt notifies 50% duty drawback on exports
The Pakistan government has notified the ‘Duty Drawback of Taxes...
Textiles | On 21st Oct 2017
Ghana sets up task force to clamp down on textile piracy
Ghana’s ministry of trade and industry has set up a taskforce to...
Fashion | On 21st Oct 2017
US company Coach to change name to Tapestry from Oct 31
Coach Inc., a New York-based house of modern luxury accessories and...
Interviews View All
Janak Dhamanwala & Sunil Dhamanwala
Jansun
Moving towards sustainability is also a social change
Nitin Bhatia
Trend Arrest
Setting up a brand for online selling is easy, but running the brand is not
Pinkesh Jain
Everflow Petrofils Ltd
‘An innovative technology which India needs desperately is the...
Idealin Fogging Systems has been engaged in designing and manufacturing...
Established in 1956 with a small beginning, Embee today manufactures a...
Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...
Urs Stalder
Sanitized AG
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Steve Cole
Xerium Technologies
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Marcel Alberts
Eurofibers
Coating at a fibre level is a practice not usually seen in the...
Igor Chapurin
Chapurin
"Now we can see the Russian trend in international fashion. And Russian...
Judy Frater
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Nisha Chanda
Whistling Woods International School of Fashion
<div>A lack of upgraded courses in costume designing and fashion as per...
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 69
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 69
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 69
Thanks for your valuable feedback. Claim your free latest sustainability e-book.
Active Poll
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
YesTotal Votes: 69
E-News Insight
Latest News Update in Your Mail Box.
