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Proposes to exit from the operations of CRTI; to run design activities in-house.
To promote indigenous shipbuilding industry as part of the ‘Make in India’ initiative
Growth supported by consumption in China and expanded industrial production in India.
Industrial and Commercial Bank of China (ICBC) will create a global service team which will support Tata group’s strategic development plans.
Observes that the growth is being mainly driven by pick-up in the manufacturing sector, which has grown by 9.3 per cent in the Second Quarter.
Consequently, the reverse repo rate under the LAF will remain unchanged at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 7.75 per cent.
Will provide up to $500 million every year in financing for Tata companies.
But gaps were increasingly pronounced in emerging economies, including in Asia
He speaks at the First Business Session of the 48TH Annual Meeting of the Asian Development Bank (ADB) at Baku, Azerbaijan
Lauded the banking sector for supporting MUDRA and making a success of the Jan Dhan Yojana