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: Raghuram Rajan
SMEs are not major defaulters of bank loans: RBI
Amidst a sense of outrage over big pile of Non-Performing Assets (NPAs) in the public sector banks, the least amount of stress is visible among not- too fancied priority sector borrowers, comprising agriculture and the micro industrial units, according to the latest RBI data. While the ratio of t…
MSMEs important source of job creation | Raghuram Rajan
Kerala is well placed for a revolution in MSME sector, he said, adding that the state should leverage its high level of education and capabilities. Medium and Small Enterprises (MSME) are critical to economic development and a ‘level playing field’ should be ensured for them, RBI Gove…
Make in India is also about Make for India | Nirmala Sitharaman
As the government sets out to observe the Make In India week in Mumbai, starting February 13, commerce and industry Minister Nirmala Sitharaman says the programme is aimed at promoting manufacturing for both exports and domestic requirements, as opposed to apprehensions from some quarters that th…
RBI proposes easier access to Foreign Capital for start-ups
The Reserve Bank of India (RBI), in its sixth bi-monthly monetary policy statement, has proposed steps to improve ease of doing business for start-ups through easier access to foreign capital and by enabling smoother transfer of ownership. RBI Governor Raghuram Rajan said the central bank wants t…