Nearly 67 per cent of the 15 CEOs polled said a tumbling rupee has affected operations since raw material costs have gone up.
"The government should impose limits on the import of non-essential goods and expedite dollar remittances for exporters, apart from easing norms for foreign investment," said Vimal Kejriwal, CEO and managing director, KEC International.
Other CEOs said the Reserve Bank of India (RBI) will have to sell dollars in a moderate manner.
"We expect the government to impose higher import tax on all non-essentials like cosmetics, gold, and electronics in the near term," said a CEO.
Diese Geschichte stammt aus der September 30, 2022-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der September 30, 2022-Ausgabe von Business Standard.
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Cement stocks may remain tepid in near term
Likely weak demand over the next few months as the monsoon season gathers pace, coupled with no price hikes, may keep cement stocks tepid in the near term, believe analysts. As a strategy, however, they suggest investors accumulate related stocks on dips, encashing benefits of a rebound in the second half of the current financial year.
No poll jitters for MF scheme launches
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Scramble for ERP licence as doubts linger on mkt size
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Sunil Chhetri, Indian football's brightest star, to hang up his boots
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Vi Q4 loss rings louder on higher finance cost
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Regulators are empowered to levy fees for services rendered, not to impose tax-like levies to create surpluses for themselves
Netflix nears deal for NFL games, extending focus on sports events
Netflix Inc will air two National Football League games this Christmas Day, in the streaming TV giant's latest push into live events.
Xi, Putin call for political solution’ to Ukraine war
Both leaders warned of growing nuclear tensions between rival powers