CII presents five-point agenda

Neha Pal
Posted: Monday, Nov 17, 2008 at 2351 hrs IST
Updated: Monday, Nov 17, 2008 at 2351 hrs IST

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Forex reserves rise $684 million India Inc’s PAT to grow at 23% this fiscal: CMIE Forex reserve up by $430 m Singh to ask for greater cross-border flows

New Delhi, Nov 16: set up for lending to SMEs, as they are disproportionately hurt by the non-availability of credit. RBI could immediately look to reduce the risk weight for lending to SMEs. Simultaneously, the finance ministry and RBI could set up a special purpose vehicle (SPV). This SPV would have to ensure that SMEs are allowed credit at close to prime lending rates (PLR) depending on the creditworthiness of the unit and the project.

With global demand drying up fast, many exporting countries are looking at India to push their products at very low prices, in order to clear inventory and protect their domestic industry from facing prospects of closing down. This is a time when a greater degree of vigilance and speed would be required from the Anti-Dumping Directorate of India. An immediate strengthening of the Directorate would be necessary in this regard. ...

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