NEW DELHI:
Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that the department of commerce has been "struggling" to convince the finance ministry regarding the relevance of the Interest Equalisation Scheme (IES) and the extent to which it is maintaining manufacturing competitiveness.
Sarangi said there are many studies which suggest that very high collateral demand by financial institutions is a big deterrent for MSMEs (micro, small, and medium enterprises) to access institutional finance and that deters them from getting into the export market.
هذه القصة مأخوذة من طبعة December 19, 2024 من Hindustan Times Jammu.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 19, 2024 من Hindustan Times Jammu.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Ashwin: Player who never believed in playing it safe
The off-spinner decided to retire from international cricket at the end of the third Test against Australia
Rain plays spoilsport as Test ends in draw
India escaped with a crucial draw in the weather-hit third Test against Australia after intermittent rain wiped out the majority of play on Day 5, leaving the five-match series tantalisingly locked at 1-1.
INDIA TO FACE PAK IN INAUGURAL KHO KHO WORLD CUP OPENER ON JAN 13
Hosts India will face arch rivals Pakistan in the opening match of the inaugural Kho Kho World Cup on January 13, the organisers announced on Wednesday.
With T20I series on line, India look to make amends vs WI
India will look to make amends in all areas and counter the West Indies' power game when the two teams face off in the decider of the women's T20I series on Thursday, with regular skipper Harmanpreet Kaur's participation still shrouded in uncertainty.
Will go to MCG with confidence: Rohit lauds late order fightback
Indian skipper Rohit Sharma hailed the resilience of the lower-order batters after his team managed to salvage a crucial draw in the rain-hit third Test against Australia here on Wednesday, saying it has given the side renewed confidence for the remaining series.
Trump threatens to impose reciprocal tax on India
INDIA'S EXPORTS STOOD AT $77.51 BN, WHILE IMPORTS AGGREGATED AT $42.2 BN IN THE LAST FISCAL
NET DIRECT TAX COLLECTION GROWS 16.45% TILL DECEMBER 17
Net direct tax collection grew 16.45% year-on-year (y-o-y) to over ₹15.82 lakh crore till December 17 this fiscal, buoyed by higher advance tax mop-up, government data showed.
Nissan and Honda consider merger
Honda Motor Co. and Nissan Motor Co. are exploring a merger, according to people familiar with the matter, that would create a singular rival to Toyota Motor Corp. in Japan and better position the combined company to face competitive challenges around the world.
Institutional investments in Indian RE hit peak at $8.87 bn
Institutional investment in Indian real estate (RE) rose 51% to a record $8.87 billion during 2024 as investors look to encash strong demand for housing, office and warehousing properties, according to JLL.
High interest rates big deterrent for MSMEs, govt working on plan
The country's high interest rates are a big deterrent for the exporters community and the commerce ministry is working with its finance counterpart to help them at this front, a senior government official said on Wednesday.
