New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…
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New Delhi, April 5 (IANS) Apex business chamber CII on Sunday sought more fiscal and monetary policy concessions from the government and the RBI to tide over the global uncertainty triggered by the West Asia conflict, even as it lauded “the series of timely, well calibrated and coordinated measures” that have already been taken in this regard.CII director general Chandrajit Banerjee said, “the Government and the RBI have responded with speed, clarity and coordination. The early measures ha…