India Inc on Thursday rallied behind the Army's move to conduct surgical strikes on terror launch pads across the Line of Control and said it was the time to act tough while ruling out any negative impact on the country's economy and trade.
The trade deficit marginally narrowed to $12.5 billion last month from $12.8 billion in July.
Contracting for the seventh month in a row, India's exports dipped by 15.82 per cent in June to $22.28 billion due to global slowdown and dip in crude oil prices that impacted shipments of petroleum products.
RBI had previously cut repo rate by 0.25 per cent each in January and March.
Gurucharan Singh's Dhawan Creative apparently clocked trades 10 times its capital in a few months.
As the liquidity crunch reaches crisis levels and getting tax refunds remain a big headache, exporters saw orders fall by 15 per cent till October.
The country's apex exporters body Federation of Indian Export Organisations said that support extended by the minister for research and development activities and reduction of duties on capital goods will help in increasing competitiveness of Indian products in the global market.
Because of weak availability, buffalo meat exports have also declined over the last few weeks
Pitching for a non-adversarial tax environment, India Inc on Tuesday suggested reduction in tax rates on corporate as well as individuals to boost economic growth.
India Inc on Wednesday said it looked forward to the new RBI Governor Raghuram Rajan initiating cut in interest rates and improving credit flow to crucial sectors like infrastructure to put economy back on high-growth path.
India owes Iran around $8.8 billion primarily on account of crude oil imports.
RBI declines to accede to plea, upheld by Padmanabhan panel, for priority sector tag; feels move would dilute claims of those needing it more.
India Inc on Wednesday said the Reserve Bank's move to cut interest rate by 0.50 per cent is "pro-growth" and exhorted banks to transmit the lower interest rate to borrowers to revive demand and kick-start the investment cycle.
India's exports are estimated to have remained at around $312 billion in 2013, while the final figures for 2014 could be around this figure only.
Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen
The sector needs to move away from such concepts.
Exports in May 2012 stood at $24.77 billion.
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
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