Auto majors face dip in exports due to credit squeeze in Lanka, Nepal Maruti Suzuki, Renault, Nissan and Bajaj Auto are facing the effects of a credit squeeze by banks in the neighbouring markets of Sri Lanka and Nepal. Sri Lanka has imposed restrictions on the extent of bank funding for automobile purchases to control forex outgo. Earlier, banks in the island could fund up to 70 per cent of the value of an automobile but that has been lowered to 25 per cent of the value of three-wheelers and ... Rediff.com, 1 month ago
A body representing Indian Revenue Service officers has decided to stick to its earlier stand to observe Monday as a “black day”. This is against the Goods and Services Tax Council's decision to divide administrative turf between the Centre and states, despite an assurance by Finance Minister Arun Jaitley that the new indirect tax regime would create ample job opportunities. The officers would wear black bands on Monday, which is also Martyrs day, the IRS Association ...Rediff.com, 2 months ago
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