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01 November 2018
 |
small and medium-sized businesses (The Total Investment & Insurance Solutions)
India is likely to announce
new steps to support small and medium-sized businesses, such as increased
access to credit and financial markets, at an industry event on Nov. 2, the
finance ministry said in a tweet.
Prime Minister Narendra
Modi will launch a programme to support the businesses in New Delhi on Friday,
the finance ministry said.
Modi’s government is
pushing the central bank to relax lending norms for small businesses and pump
more liquidity into the market to bolster economic growth before key state
elections due in the next few weeks and a general election that has to be held
by May.
Tensions between the
Reserve Bank of India and the government have intensified in the past week as
the central bank pushes back against government pressure to relax its policies
and reduce its powers.The Total Investment & Insurance Solutions
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