ASSOCHAM

RBI may cut repo rate by 50 basis points to boost economy: ASSOCHAM

The Reserve Bank of India (RBI) is expected to cut the benchmark policy repo rate, which stands at 6.50 per cent, by at least 50 basis points to support economic growth, a top industry body said on Thursday. To help the economy tide over the crisis following the Covid-19 pandemic, the central bank last reduced the repo rate by 40 basis points to 4 per cent in May 2020. After consulting key stakeholders, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) believes that the Indi...

December 30, 2024 3:03 PM

Budget 2025-26: Assocham seeks greater ease of doing business, enhanced credit flow for MSMEs

To boost micro, small, and medium enterprises (MSMEs) and improve ease of doing business, Assocham has proposed the creation of integrated infrastructure townships and universities dedicated to skill development and entrepreneurship. The aim is to enhance growth and support within the sector, the apex trade body said on Monday. During a pre-budget meeting with Finance Minister Nirmala Sitharaman, Assocham recommended several measures to encourage investment. These include expanding the scope of...