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FICCI urges RBI to ease norms to make capital more affordable

 

By TIOL News Service

NEW DELHI, APRIL 04, 2018: WITH the RBI scheduled to review the monetary policy major parameters tomorrow, FICCI has urged the Regulator to take a balanced approach in the upcoming meeting of the Monetary Policy Committee (MPC) and take necessary action to encourage risk taking by business enterprises and release animal spirits. The RBI MPC is meeting tomorrow for announcing the First Bi-monthly Monetary Policy statement for 2018-19.

The President, FICCI, Mr Rashesh Shah, has pointed out that FICCI's surveys show investment growth has not picked up at the desired pace and one of the reasons cited is lack of availability of affordable capital for higher investments. The six-member MPC, headed by RBI Governor, Mr Urijit Patel last met in February 2018, post the Union Budget.



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