×
254
Fashion Jobs
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
SBFC FINANCE
Area Sales Manager And Sales Manager- Loan Against Property
Permanent · Ahmedabad
BUSY INFOTECH
Area Sales Manager - Amritsar / Ambala / Shimla
Permanent · Ambala
GRAND CHEMICAL WORKS
Area Sales Manager- Lucknow (gt Fmcg)
Permanent · Lucknow
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur (gt)
Permanent · Kota
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
SURYA FOOD AGRO LTD
Production Manager
Permanent · Greater Noida
SHYAM STEEL INDUSTRIES
Require Area Sales Manager For Different Locations at Bihar
Permanent · Madhepura
PINKODE REALTY LLP
Hiring For Asm/Sales Managers
Permanent · Mumbai
FRQ BRO
Area Sales Manager - Oppo
Permanent · Pudukkottai
FLEETX
Area Sales Manager
Permanent · Tirunelveli
TEACHMINT
Area Business Manager
Permanent · Hubballi
By
Fibre2Fashion
Published
Aug 1, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

ASSOCHAM urges RBI Governor to cut interest rates

By
Fibre2Fashion
Published
Aug 1, 2017

Citing a five-year low inflation and deceleration in factory output, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged Reserve Bank of India (RBI) Governor Urjit Patel to reduce the policy interest rate by at least 25 basis points when the RBI Monetary Policy Committee meets on August 2 to review credit policy.



 In a letter to the RBI governor, the ASSOCHAM secretary general  DS Rawat said that the interest rate cut, which would be a big relief to different sectors of the economy, could be implemented keeping in view a long duration of consistency in the repo rates and lows in both consumer price index (CPI) and wholesale price index (WPI) inflation. 
 
The CPI in June reached an almost-five year low at 1.54 per cent, from 2.18 per cent in the previous quarter. The WPI also eased to 0.9 per cent from 2.17 per cent.

The easing of food inflation to minus 2.12 per cent from 0.31 per cent  and good monsoon forecasts creating a situation for further reduction in food inflation have strengthened the case for a rate-cut. For almost an year, the Current Account Deficit continues to be steady as well because of stable crude oil prices. 
 
"The deceleration in factory output growth could further bolster the case for a rate cut next month to boost Asia's third-largest economy, which grew 6.1 per cent in the January-March quarter - its weakest pace in more than two years," the chamber said.
 
The chamber also urged the RBI to come out with a special dispensation for loan recovery from the small and medium enterprises and mid-sized corporations.

Copyright © 2022 Fibre2Fashion. All rights reserved.