Home / Knowledge / News / Trade off between growth and inflation well balanced - FIEO
Trade off between growth and inflation well balanced - FIEO
28
Oct '09
Mr A Sakthivel, President, Federation of Indian Export Organisations (FIEO) while commenting on the Monetary Policy Review (2nd quarter) stated that the status quo in policy rates was as anticipated but for the restoration of the SLR by 1%. Any 'tinkering' in policy rates at this point in time may not have been helpful, held Mr Sakthivel, considering the fact that banks net margins are already under pressure due to successive lending cuts & high cost deposits which could create a liquidity crunch if credit growth picks up in the last 2 quarters as has been expected by experts.

FIEO Chief elaborated that the Asian currencies are strengthening in spite of countries selling their domestic currencies on concerns that export recoveries will slow down further, a 'wait and watch' situation till January when the next review is to take place has been an extremely prudent decision of the Reserve Bank.

As far as the MSME export sector is concerned,the transmission mechanism for the credit sector needs to be improved observed Mr Sakthivel and low cost rupee credit at comparable South Asian levels who are our competitors (5%) and dollar loans at LIBOR + 1% would be necessary to effectively cater to a recession hit low cost global market added FIEO Chief.

Federation of Indian Export Organisations (FIEO)


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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