Business

CII Seeks Interest Rate Cut, Rupee Depreciation

By
OB Bureau

New Delhi: The Confederation of Indian Industry (CII) has called for an interest rate cut of 100 basis points for boosting the economic growth rate. It has also suggested interventions for depreciation of the exchange rate that would increase export-related jobs, said a CII release on Friday.

“CII is of the firm belief that the current blip in growth rates is temporary and we are confident of a strong recovery by fiscal year end as industry gets over the teething problems of GST and other positive measures take effect. New investments will also start early next year as capacities fill up.” said CII President Shobana Kamineni.

The in

OB Bureau

Recent Posts

2 Die, One Critical As Car Crashes Into Tree In Odisha’s Konark

Bhubaneswar: Two persons died while another sustained critical injuries as the car in which they…

November 6, 2024

US Election Results: Trump Ahead Of Harris In Three Swing States

New Delhi: Tens of millions of Americans are choosing between two candidates with vastly different…

November 6, 2024

Thieves Decamp With Jewellery & Cash From Tara Tarini Temple In Odisha’s Ganjam

Berhampur: Unidentified miscreants decamped with gold and silver jewellery worth lakhs of rupees and all…

November 6, 2024

Idco Junior Manager Under Odisha Vigilance Lens, Raids On In Bhubaneswar & Puri

Bhubaneswar: The Odisha Vigilance sleuths on Wednesday carried out raids on properties linked to Junior…

November 6, 2024

Fire Engulfs Pvt TV Channel Studio In Odisha’s Khurda

Bhubaneswar: A massive fire broke out at the studio of a private TV channel at…

November 6, 2024

Odisha CM Directs To Supply 3 Months’ PDS Rice To Beneficiaries In Advance

Bhubaneswar: Odisha Chief Minister on Tuesday issued direction to provide rice of three months' quota…

November 5, 2024

[Watch] Salman Khan Shoots For ‘Sikander’ In Falaknuma Palace Amid Tight Security

Mumbai: In the wake of a fresh death threat by the Lawrence Bishnoi gang, actor…

November 5, 2024

Bachchan Family Upset With Nimrat Kaur, To Take Action Against Source Of Rumour

Mumbai: Rumours about Abhishek Bachchan and Aishwarya Rai’s divorce have been doing the rounds for…

November 5, 2024