by DIGITAL MEDIA EXECUTIVE | Apr 14, 2023 | Finance & Economy
International trading in the local currency will lower transaction costs for the industry, and various nations are in talks with the RBI about this, said Piyush Goyal, minister of commerce and industry, on Thursday. The RBI and Finance Ministry invited bank executives...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | Finance & Economy
The Finance Ministry decided on Thursday to cancel demurrage as well as penal interest costs on late customs payments, despite the fact that importers continue to experience difficulties and hiccups navigating the new “upgraded and modern” Customs duty...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | Market Reports, PRICE REPORT
“The secondary market for standard retail assets (PTC & DA) has seen a robust growth of 56% in FY23 with total market volume exceeding ₹1.76 lakh crore. This growth reflects both the resilient performance of retail asset pools and the preference of banks to grow...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Finance & Economy
Its initiatives to encourage the use of the Indian rupee in foreign trade were discussed by Reserve Bank of India (RBI) governor Shaktikant Das in a recent interview with the Financial Times. With the US dollar’s strong increase against the majority of other...
by DIGITAL MEDIA EXECUTIVE | Feb 16, 2023 | Country Report, Global Textiles, Industry View
There are several private and public sector banks that have opened specials accounts for rupee vustro. This will facilitate the overseas trade in rupees. The mechanism for the same will be starting soon in a brief scale. As of now, there are 20 banks which has already...
by Manali bhanushali | Jun 1, 2021 | Finance & Economy, News & Insights
Banks will offer off-the-shelf unsecured loans of up to Rs 5 lakh to individuals for Covid treatment, and business loans up to Rs 100 crore for setting up healthcare facilities. The launch of the new schemes was announced by SBI chairman Dinesh Khara and Indian Banks’...
by Manali bhanushali | Mar 3, 2021 | Textile Articles
This article is about how to get free Instagram followers and likes with an application without going through cash. Everyone, from ordinary individuals to stars to influencers all are utilizing Instagram as a vital wellspring of correspondence with people and allies...
by TEXTILE VALUE CHAIN | May 7, 2020 | Industry And Cluster, News & Insights
Non-banks to apply for benefit; Crisil-rated NBFCs owe ₹1.75 lakh crore, MFIs ₹18,500 crore In a move that could give a huge relief to the non-banking finance companies (NBFCs) facing a cash crunch, the State Bank of India (SBI) has decided to extend loan moratorium...
by TEXTILE VALUE CHAIN | Mar 18, 2020 | Industry And Cluster, News & Insights
The Tiruppur Exporters Association (TEA) has requested the textiles minister to advise banks not to categorise garment clusters, especially micro, small and medium enterprises (MSMEs), in the zone as non-performing assets (NPAs) for non-repayment of loans and provide...
by TEXTILE VALUE CHAIN | Mar 17, 2020 | Covid 19, Industry And Cluster, News & Insights
The coronavirus disease (COVID-19) is affecting every sphere of life including manufacturing activities, businesses, etc., across the globe and India is also not spared from the panic situation. The textile industry predominantly employs migrant workers from...
by TEXTILE VALUE CHAIN | Sep 20, 2019 | Industry And Cluster, News & Insights
Finance Minister announced that banks won’t declare any new NPA for MSME loans till March 2020. To boost liquidity in the economy, Finance Minister Nirmala Sitharaman today said public sector banks will organise credit “Shamiana meetings” in 400...