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RBI's liquidity, growth supporting measures crucial for recovery from 2nd COVID wave: Experts


RBI s liquidity, growth supporting measures crucial for recovery from 2nd COVID wave: Experts
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Last Updated: Jun 04, 2021, 05:27 PM IST
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Financial intelligence company Moody s Analytics said with COVID-induced restrictions likely to be eased only gradually, the sharp slowdown in domestic demand is set to weaken revival beyond the June quarter.
RBI in its monetary policy on Friday kept interest rates unchanged at record lows and committed to maintaining an accommodative policy stance to support growth.
The measures announced by RBI to maintain liquidity and support economic growth through lower interest rates will be crucial for recovery from the second wave of the COVID-19 pandemic, experts said on Friday. The RBI in its monetary policy on Friday kept interest rates unchanged at record lows and committed to maintaining an accommodative policy stance to support growth. ....

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Corporate-MSME's 50% share in Gujarat's growth, contribution of more than 9 lakh crore Gujarati entrepreneurs | ગુજરાતના ગ્રોથમાં કોર્પોરેટ-MSMEનો 50 ટકા હિસ્સો, ગુજરાતી ઉદ્યોગકારોનું 9 લાખ કરોડથી વધુનું યોગદાન

Corporate-MSME's 50% share in Gujarat's growth, contribution of more than 9 lakh crore Gujarati entrepreneurs | ગુજરાતના ગ્રોથમાં કોર્પોરેટ-MSMEનો 50 ટકા હિસ્સો, ગુજરાતી ઉદ્યોગકારોનું 9 લાખ કરોડથી વધુનું યોગદાન
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Factory to the World?- Business News


Photograph by Rajwant Rawat
On March 10, the $274 billion, Cupertino, California-based Apple Inc. announced it is starting production of the 5G-compatible iPhone 12 in India. It appeared like a routine announcement. After all, Apple has been assembling older generation iPhones in India through contract manufacturers since 2017. It wasn t.
It might have been a small step for Apple but was a giant leap for Indian manufacturing. India s new Production Linked Incentive (PLI) Scheme to reduce import dependence and promote local manufacturing had lured three of Apple s Taiwanese original equipment manufacturers - Foxconnn Hon Hai, Wistron and Pegatron - to pump in millions of dollars to expand Indian facilities. They will move a step up from assembling imported parts here to making or sourcing more components locally. Like Apple, about 70 firms have shown interest in availing the PLI Scheme to set up manufacturing facilities in three key sectors: mobile and electronic component ....

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