Monday, Apr 25, 2005
Monday, Apr 25, 2005 |
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Advts: Classifieds | Employment | New Delhi
Special Correspondent
NEW DELHI: Stability in the interest rate regime, introduction of a benchmark prime lending rate (PLR), use of foreign exchange to bridge gaps in infrastructure, reduction in borrowing and lending rate spreads for corporates, foreign participation in securitised asset markets and improvement in credit delivery for agriculture and the SME sectors should be the main planks of the 2005-06 monetary and credit policy, according to a FICCI survey. In the survey, 75 per cent of respondents desire that the interest rates should remain stable in future, as the growth rate has just started picking up. 75 per cent of the respondents feel there has been improvement in the credit delivery mechanism in the last one year.
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