Home / Knowledge / News / Shri Sakthivel welcomes the RBI's decision
Shri Sakthivel welcomes the RBI's decision
02
May '08
Dr. Y. Venugopal Reddy, Governor, presented the Annual Policy Statement for the Year 2008-09.

In a Press Release issued, Shri. A. Sakthivel, President, TEA said in the upsurge inflationary scenario, the Credit Policy has at least maintained the Bank Rate, Repo Rate and Reverse Repo Rate at the same level, which is a major solace to the industries, while increasing Cash Reserve Ratio (CRR) by 25 bps to 8.25% with effect from May 24, 2008.

He hoped RBI's several measures to tackle inflation will help for reduction of inflation.

Shri. A. Sakthivel welcomed the RBI's decision to disseminate the details of various charges levied by banks which will help for more transparency and hassle free dealings with banks.

Shri. A. Sakthivel appreciated the RBI's proposal to introduce a scheme of incentives and penalties for bank branches (including currency chests) to ensure that all bank branches provide better Customer services to members of public at bank counters for exchange of notes.

TIRUPUR EXPORTERS' ASSOCIATION


Must ReadView All

Textiles | On 24th Jul 2017

Gartex all set to feature garment, textile solutions

Complete value chain of garment and textile manufacturing solutions...

Courtesy: Abercrombie & Fitch

Apparel/Garments | On 23rd Jul 2017

Abercrombie & Fitch launches products on Alibaba Tmall

Abercrombie & Fitch has announced the launch of Abercrombie & Fitch...

Apparel/Garments | On 23rd Jul 2017

NRF urges Congress to reject border adjustment tax

The National Retail Federation has urged Congress to reject a...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X