ASSOCHAM, CII, FICCI welcome RBI's decision of rate cut

May 22, 2020 1:23 PM

ASSOCHAM, CII, FICCI welcome RBI's decision of rate cut

Industry Body ASSOCHAM, CII and FICCI have welcomed the RBI's decision of rate cut. In a statement, ASSOCHAM Secretary General Deepak Sood said that the RBI has been doing a lot of heavy lifting and making great efforts to infuse liquidity into the economy that has suffered an unprecedented crisis due to COVID-19. He said, reduction in interest rates are a great relief and the move to convert the interest under moratorium into term loans should ease the immediate stress of repayments. D...

FICCI, ASSOCHAM welcome third tranche of economic package for agriculture sector

May 16, 2020 9:50 AM

FICCI, ASSOCHAM welcome third tranche of economic package for agriculture sector

Industry body FICCI and ASSOCHAM have welcomed the third tranche of economic package for agriculture sector. FICCI President Dr Sangita Reddy said, the spate of governance reforms announced by the government will finally unshackle Indian agriculture and liberate the Indian farmer who until now was largely tied to a few buyers in terms of selling the produce. She said, the Essential Commodities Act had outlived its utility and by bringing a change in this the government has ensured that investmen...