"phdcci"

PHDCCI welcomed the RBI’s policy rate hike after 44 months and its shift to calibrated tightening, but called for future monetary decisions to remain data-dependent. It also stressed maintaining credit flows to productive sectors amid inflation, geopolitical and energy-price uncertainties

US tariffs on Indian exports, set to take effect August 7, will have a minimal GDP impact of 0.19%, affecting $8.1 billion in trade, says PHDCCI. The think tank has outlined a four-pronged plan to manage the fallout.

PHDCCI President Sanjay Aggarwal said that trade and industry have to be rejuvenated for achieving a high economic growth trajectory in 2021-22.

Drug pricing regulator says companies must pass on the benefit to customers.

PHD Chamber had projected more than 1 percent growth rate of GDP in Q4 FY 2020-21.

E-commerce marketplace platform should not have any direct or indirect control over the inventories, industry chamber PHDCCI said.

"Banks will focus on cash flow based lending in times to come and this has already been started by SBI," Ajay Vyas, Executive Director, UCO Bank said

"As far as exports are concerned, some sectors have done wonderfully well. Even during the slowdown, agriculture exports and pharmaceutical exports went up," he said at an event organised by industry body PHDCCI.