Home / Knowledge / News / CII understands & appreciates the Stand of RBI
CII understands & appreciates the Stand of RBI
Jan '08
In the context of evolving global uncertainties the Third Quarter Review of the Monetary Policy by the RBI is understandable, said CII in a Press Release issued.

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 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search