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Commenting on the monetary policy, Assocham Secretary General Deepak Sood said that while the continued focus on moderating inflation to the target of 4 per cent has to be seen in the overall context of global and domestic challenges, mainly with regard to food prices, RBI's customer-centric approach is laudable. The chamber has described the decision to keep the benchmark policy rates unchanged as pragmatic for sustainable economic growth.
Manufacturer and merchant exporters exporting specified 410 products will get 2% subsidy and all the MSME exporters will get 3%. Availability of pre and post shipment packing credit at competitive rates is important for the exports sector in order to compete internationally.
India News: In the face of global economic uncertainty, Indian stock markets emerge as the preferred haven for investors, showcasing resilience and promise in an
AUD/USD Forecast: Sees Rangebound Trading menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The United Arab Emirates (UAE) reported a 3.7% increase in its gross domestic product (GDP) for the first half of the year, with non-oil sector growth surging by 5.9%. The non-oil sector now accounts for over 70% of the UAE's GDP, reflecting the country's efforts to diversify its economy away from oil and toward knowledge-based industries.
International Business News: Italian hearing aid maker Amplifon lowered its full year guidance for recurring core profit on Monday, citing weaker than expected demand in Europe an
“India is undergoing a structural change as an economy. When India's GDP per capita rises, which I anticipate will happen exponentially, we cannot just limit ourselves to large cap names because there are only about 200-300 of them.”
The upcoming ASEAN Summit in Jakarta is seen as crucial for reaffirming ASEAN solidarity and addressing key challenges, particularly in the South China Sea region. ASEAN and China have agreed to complete negotiations on the Code of Conduct in the South China Sea within three years. India, as a neighbor of ASEAN, should play a significant role in cross-border payments and share its expertise on digital public infrastructure. India and ASEAN should also enhance cooperation in areas such as maritime security, cybersecurity, and sustainable development.