Dust generated by deliberations on the Union Budget has settled down more than a month ago. However, it warrants a mention now since the Budget was pragmatic with adequate focus on development of the manufacturing industry, especially the micro, small and medium enterprises, though bereft of any big announcement. Extension of 15% allowance to companies investing more than Rs 25 crore in new plant and machinery will certainly help[Read More…]
At its monetary policy review early last month the Reserve Bank of India kept the key rates unchanged and cut the Statutory Liquidity Ratio (SLR) by 50 basis points. Cutting SLR can boost morale and build confidence, infusing additional funds in the banking system, eventually offering a little more freedom for banks to expand credit to non-governmental sectors. The apex bank has maintained the repo rate at 8%[Read More…]
After nearly three decades, the country has given one party a clear and strong mandate to govern. Political pundits view this as a harbinger of real change in every aspect of administration. No sooner were the elections announced, did sentiment pep up the bourses, signified by the gradual rise of the rupee. The rupee strengthened against the USD to Rs 58.52 when trading closed on 23rd May against[Read More…]
We have been hearing bold statements for more than a month now from politicians across the country targeting elections. While the statements are bold, deeds may certainly not be as expected. There seems to be light at the end of the tunnel, after two straight years of slowdown in the auto industry. Whether this is due to expectations from the new government, or a natural upswing, is still unclear. The manufacturing[Read More…]
Like many other sectors, the auto industry is also looking forward to a clear mandate in the forthcoming Lok Sabha Elections, hoping that the new government would address certain burning issues that have been affecting the industry and the economy as a whole. The auto industry has been reeling under pressure for the last two years with commercial vehicles taking[Read More…]
