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RBI repo rate: RBI holds rates; monetary stance change, rate cuts must wait

The Reserve Bank of India (RBI) has maintained interest rates and monetary stance steady for the sixth consecutive monetary review meeting, amid geopolitical tensions and uncertain food prices. The central bank forecasts the economy will repeat its performance next fiscal, expanding at 7%, and inflation will remain above the target at 4.5%. The panels focus on the withdrawal of accommodation has led to cracks in the Monetary Policy Committee, with both decisions voted 5 to 1.
Red Sea Djibouti General Jerome Powell Shaktikanta Das Monetary Policy Committee Head Of Research

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MSMEs seek govt. intervention to recover dues from PSUs

They have also sought extension of time for filing GST returns Medium Small and Micro Enterprises (MSMEs) in the State have urged the State and the Union governments to expedite clearance of payments due to them by public sector units and corporations. Fortunes of the MSMEs hinge on timely payment by bulk buyers, including public sector units and government boards and corporations. But the delay in payments and lockdown have together exacerbated their financial woes and the units are now tethe...
Enterprises Msmes Medium Small Micro Enterprises Mysurumedium Small And Micro Enterprises Msmes In The State Have Urged Union Governments To Expedite Clearance Of Payments Due Them By Public Sector Units Corporations நடுத்தர சிறிய மைக்ரோ நிறுவனங்கள்

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