Sitharaman defends 2% rate cut to boost SMEs credit

New Delhi , Aug 27

Defending her demand for two percent cut in interest rates by Reserve Bank of India (RBI), Union Commerce Minister Nirmala Sitharaman on Saturday said it is essential to boost small and medium enterprises (SMEs) and create jobs.

BRICS nations need to engage on own arbitration centres: Jaitley

New Delhi , Aug 27

The BRICS group of emerging economies need to soon set up a task force of officials to explore a mechanism for setting up arbitration centres for use by the grouping as well as by non-BRICS countries, Indian Finance Minister Arun Jaitley said on Saturday.

Kerala CM assures investors of favourable business climate

Kochi , Aug 27

Kerala Chief Minister Pinarayi Vijayan on Saturday assured investors of a perfect business environment here and welcomed business houses willing to invest, highlighting the excellent connectivity enjoyed by this southern state.

Bankers voice concern over financing large infra projects

Kolkata , Aug 27

There could be some concern about financing large infrastructure projects as the Reserve Bank of India (RBI) proposes to reduce bank exposure to large corporate entities, said a top SBI official here on Saturday.