Hotline: 1800 102 2007
X
Search Business Opportunities
2011-06-17

FIEO demands credit on 7 pc

He elaborated that for exports, higher interest rates and their differentials (mean more arbitrage opportunities and more FDI which may result in rupee appreciation) both hit at export competitivene

Ramu S. Deora, President, Federation of Indian Export Organisations (FIEO), has urged the Government to maintain distinction between exports and domestic finance and provide export credit to small and medium enterprise (SME) sector at 7 percent and others at 9 percent and immediately introduce interest subvention from April 1.

While commenting on the Monetary Policy Review FIEO Chief Thursday stated that the increase by 25 basis points has confirmed the worst fears of the export sector.

He elaborated that for exports, higher interest rates and their differentials (mean more arbitrage opportunities and more FDI which may result in rupee appreciation) both hit at export competitiveness.

In the last 15 months, the key policy rates have increased 10 times from 3.25 percent to 7.50 percent and have impacted the growth momentum while making some leeway in the wholesale price inflation which has fallen to 9.06 percent in May from 9.68 percent a month ago. However, the flip side has been a moderation in the economic parameters such as IIP falling to 4.4 percent in April (against 8.8 percent in March) and Fourth Quarter GDP falling to 7.8 percent as against 8.3 percent recorded in the 3rd Quarter.

Related opportunities
  • Others Food Service
    Who We Are & Ours Brands Details  for you  ..
    Locations looking for expansion Madhya pradesh
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • About Us: CMA is an international educational institution that specializes in..
    Locations looking for expansion Delhi
    Establishment year 1984
    Franchising Launch Date 2006
    Investment size Rs. 2lac - 5lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Car wash / Ceramic Coating / Detailing
    About Us: Across the globe, 3M is inspiring innovation and igniting..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: Kake Da Hotel is a legendary family restaurant founded..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 600 - 4000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater North Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts