The Reserve Bank of India on April 5 cut the repo rate by a further 25 bps and also took measures to ease the liquidity constraints in the banking system. It seems to be giving hopes for the industry and consumers that interest rates in the economy will fall faster than earlier. Actions taken by …
Tag: T S Bhasin
Too much safety to steel units killing SME users, engineering exporters | EEPC India
EEPC India, the apex organisation of engineering exporters who are also major users of steel, has described the extension of safeguard duty on steel as an anti-SME move that will further dent the country’s exports, already down in the dumps. ” We feel this is a completely discriminat…
Engineering exports to 19 nations dip sharply | EEPC
Indicating the severity of global economic environment, engineering exports to as many as 19 out of India’s top 25 destinations have seen a sharp dip, with Malaysia alone recording a plunge of about 90 per cent. (A major portion of India’s engineering exports is on account of products…
Exporters happy with broad Budget thrust, though wanted specific steps for relief | EEPC India Chairman T S Bhasin
Welcoming the broad thrust of the Budget which realises the headwinds faced by Indian exporters in the global markets, EEPC India Chairman T S Bhasin today said emphasis on rail and road by increased investment along with better port connectivity should help the foreign trade in the long run. Eas…
Budget 2016 | Quotable Quotes
“Finance Minister spent a considerable amount of time in trying to address the rural distress and the difficulties being faced by the farmers. The emphasis on the budget on various schemes and ideas, which including for instance the linking of the MNREGA scheme to rural challenges, is very signif…
MIP on steel to jolt engineering exports | EEPC India
Engineering Exports Promotion Council (EEPC) demands a mechanism to compensate increased raw material cost to engineering products exporters as a result of Minimum Import Price (MIP) levied to prevent cheap steel imports. “The introduction of the Minimum Import Price on steel products will raise…
Count MSMEs as StartUps | EEPC India
Engineering Export Promotion Council has said that Micro, Small and Medium enterprises should considered as start-ups so that the benefits get extended to MSMEs as well. Launch of StartUp Action Plan will surely enthuse India’s young engineering graduates to take up entrepreneurship . Schemes l…