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The extension of the interest equalisation scheme for MSMEs till August 31 with a total outlay of 750 crore disappoints non-MSME exporters and may impact labor-intensive exports and large companies under 410 tariff lines.
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News and Media
The government is unlikely to increase the allocation for key tax remission schemes for exporters in the 2024-25 budget, despite demands for more support. In the interim budget, 16,575 crore was earmarked for the RoDTEP scheme and 9,246 crore for the RoSCTL scheme. Exporters argue for adequate allocation to maintain zero-rated exports, a government policy, as merchandise exports rose 5.1% year-on-year in the first two months of this fiscal.
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News and Media
Banks adapt to RBI's risk weight changes by adjusting rates and enhancing capital adequacy. The pricing of new loans reflects increased risk, ensuring stability in unsecured lending. Tightened underwriting standards support sustained growth and portfolio quality, aligning with regulatory directives to manage loan risks effectively.
Category:
News and Media
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