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Tuesday, October 04, 2016

FIEO Southern Regional Chairman compliments RBI Governor

FIEO Southern Regional Chairman compliments RBI Governor

Welcoming the 25 basis points cut in the benchmark  interest rates, the FIEO Southern Region Chairman  Dr. A Sakthivel today said that this initiative will boost exports in the wake of continuing sluggishness in the world. He complimented Dr Urjit Patel for presenting his first credit policy  and under the new system of Monetary Policy Committee with positive signal to the industry.

FIEO Southern Region
Chairman  Dr. A Sakthivel
The policy document elaborately has talked about the risks to the macro economy from slackening of external demand  and other issues of protectionism. 

Under these circumstances, the Indian exporters, especially from the employment oriented textile and Garment sectors suffers from high cost of production.  

FIEO Regional Chairman urged the Banks to act swiftly to reduce interest costs.
FIEO Southern Regional Chairman compliments RBI Governor Reviewed by S Chitra on October 04, 2016 Rating: 5 FIEO Southern Regional Chairman compliments RBI Governor Welcoming the 25 basis points cut in the benchmark  interest rates, the FIEO ...

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