Industry experts caution India over Greece crisis
Sai Nikesh | The Dollar Business The ongoing economic crisis in Greece will have a negative impact on India and widening of the same would badly affect Indian economy on a larger scale, according to industry experts. “Being part of the global economy and as a nation heavily depending on foreign support, India will need to face consequences of economic actions, crises and bad financial sentiments across the world,” said B C Bhartia, president, Confederation of Indian Traders (CAIT), speaking to The Dollar Business. He went on to say that ongoing crisis may lead to outflow of capital from India and foreign investors taking back their investments or hesitating for future investment in the country. This will have a negative impact ...
Grouping micro & small with medium enterprises self-defeating, says Expert
Jayarama Emani | The Dollar Business The recent norms of grouping micro and small with medium enterprises, when it comes to priority sector lending is self-defeating, said an expert. Speaking to The Dollar Business, Tamal Sarkar, Director, Foundation for Micro, Small & Medium Enterprises (MSME) Clusters (FMC) said, “It is well known that banks are prone to support small and medium, an estimated 300 to 400 thousand such enterprises all over India, as compared to 11 million micro enterprises, in the manufacturing sector. The reason is the ease, the collaterals available and the large value loan. Hence at times the same party is financed multiple times too.” “If we are truly interested in lending to priority sector, then it has to ...
