Chairman AEPC compliments RBI Governor for enhancing the limit of ECR
Dr A Sakthivel, Chairman, Apparel Export Promotion Council complimented Dr D Subbarao, Governor, Reserve Bank of India for enhancing the eligible limit of the Export Credit Refinance (ECR) facility from 15 per cent of the outstanding export credit eligible for refinance to 50 per cent. However, the industry was expecting in rate cut in the Landing Rate. High interest rates are hurting the industry very much. The interest rate cut would enable the industry to perform better and would also be a step towards achieving the export target of US $ 18 billion by 2012-13 set by the Govt. of India.
Rupee Fall is Only Natural
You hear it almost every day now: The rupee is at an all-time low! Not just that, it's also the weakest one among its Asian peers. We need this to stop!
India is going through a pubescent stage that all emerging economies inevitably go through. It took its success for granted, started spending wildly and deciding badly. But, eventually all parties end and the music stops. When that happens, you have to be prepared to slug it out through the hard times.
Qmilk – The new milk fibre from Germany
Qmilch GmbH, a German brand engaged in fibre production and known worldwide for quality and naturalness, has innovated Qmilk – the new generation fibre that uses milk as the raw material.