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The CII proposes a 20‑point policy roadmap to address the spillover effects of the US‑Iran war on the Indian economy. Supply-side pressures arising from the West Asia war continue to persist, and businesses need targeted liquidity support, industry lobby group Confederation of Indian Industry (CII) said on Sunday. The next phase of policy response needs to focus on targeted liquidity support, credit facilitation, trade cost management and foreign exchange stability, it said in a statement o ...Read More >
New Delhi, Apr 5 (PTI) Industry lobby CII on Sunday outlined a 20-point agenda to mitigate the impact of the West Asia crisis, calling for measures including a temporary exemption from long-term capital gains tax for foreign investors in the primary market, the introduction of a time-bound Conflict-Linked Emergency Credit Line Guarantee Scheme and a three-month moratorium and restructuring window for MSMEs. CII proposed that priority sector lending (PSL) norms may be revisited to enable banks t ...Read More >
India Ratings and Research (Ind-Ra) expects credit growth to improve marginally in FY26 to 13-13.5 per cent, up from FY25 levels. However, the composition of loans is likely to shift, with a continued slowdown in lending to non-banking financial companies (NBFCs) and the retail segment. This decline is expected to be offset by a revival in private capital expenditure (capex), which would support growth in the corporate segment, the rating agency said. "A sustained improvement in system liquidit ...Read More >
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee on Friday cut the repo rate by 50 basis points (bps) to 5.50%. This is the third straight rate cut, leading to a cumulative reduction of 100 bps since the easing cycle began in February. As part of the monetary policy decision to support growth, the committee also reduced the cash reserve ratio (CRR) -- the amount of funds that banks need to park with RBI -by 100 bps. However, the rate-setting panel changed the policy stance fr ...Read More >
New Delhi, Jun 6 (PTI) The RBI decision to cut repo rate by 100 basis points since February, coupled with relief in personal income tax in the Budget, will have a positive impact on demand for residential properties, especially affordable and mid-income homes, according to real estate developers. The RBI's move to reduce repo rate by 50 basis points on Friday will ease the financial burden of homebuyers and builders as well, they said, while hoping that banks pass on the benefits of the reducti ...Read More >
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