Policy

MSMEs can boost India’s defence exports with policy support

India is one of the largest importers of conventional defence equipment and spends about 31.1% of its total defence budget on capital acquisitions and about 60% of its defence requirements being import dependent. Between 2006-10 and 2011-15 India’s defence imports increased by almost 90 per…

Monetary Policy: RBI keeps repo rate unchanged at 6.25%

The Reserve Bank of India (RBI) on December 7 kept its key lending rate —the repo rate—unchanged at 6.25 percent dashing hopes of lower borrowing costs arresting the demonetisation-induced slide in spending and investment. The six-member monetary policy committee (MPC) headed by RBI Governor Urji…

Govt to review new Textile Policy

The government will soon convene a meeting to seek states’ views and inputs on the new National Textile Policy. The policy aims to achieve $300 billion textile exports by 2024-25 and create an additional 35 million jobs. “The Textile Ministry will organise a special meeting with states to seek th…