20
Mon, May

Statement made by Mr. Vineet Mittal, Vice Chairman, Welspun Renewables on tax change rates announced by RBI Governor

India
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 “Governor Raghuram Rajan has been known for making prudent policy decisions. Balancing wider economic interest with industrial growth is a fine line that RBI has to walk on.

The industry was however expecting a .50 interest rate cut as opposed to RBI’s .25% cut implemented today, though with a prospect of another rate cut further in the year, we are confident that Reserve Bank of India will continuously work to keep on creating a conducive environment for healthy economic growth.”

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