Tuesday, April 1, 2014

Policy rates unchanged & Govt approves NPoR


Disappointed with the Reserve Bank's decision to hold a key interest rate, Chandrajit Banerjee, director general of CII said at a time when growth impulses remain weak and WPI inflation has been on a declining trajectory for the last nine months, the RBI should have announced a cut in policy rates which would stimulate demand and kick-start the investment cycle.

The markets now are anticipating a stable government and rapid policy actions.

The Indian government has agreed to help implement National Policy on Rubber (NPoR) developed by the All India Rubber Industries Association (AIRIA) and has advised all rubber industry stakeholders to come together to implement the NPoR, according to the AIRIA.

AIRIA looks forward to inputs from the industry as it takes unto itself to direct and provide opportunities for growth for this perceived Sunrise Sector. The multifaceted policy includes plans to create an indigenous ecosystem in India for natural rubber; to promote cutting-edge research and development in rubber; to attract investment; to make India’s rubber industry the most technologically advanced in the world; to increase both production and consumption of rubber; and to increase productivity, quality and employment.

Read lot more in Rubber4U – 15th April 2014 issue

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