MSME margins badly hit by commodity price surge: PHDCCI
The Hindu
RBI role key to stability: PHDCCI
Industry chamber PHD Chamber of Commerce and Industry (PHDCCI) on Wednesday said skyrocketing commodity prices are severely impacting the price cost margins of businesses, especially MSMEs, observing that the RBI has a crucial role to play in balancing inflation and maintaining currency stability.
The assertion is a part of the chamber's five suggestions outlining the focus areas for RBI Governor Shaktikanta Das during his second term. Appreciating the re-appointment of Das as RBI Governor, PHDCCI said, "Under his dynamic leadership, the RBI has undertaken various conventional measures since the onset of pandemic to mitigate its impact and enhance liquidity in the economy," PHDCCI stated.
The chamber said going ahead, Mr. Das should focus on the five key suggestions during his second term.
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