BRICS trade ministers to study invoice discounting mechanism for MSME financing

Union Minister of Commerce & Industry Piyush Goyal poses for a group picture during the BRICS Tenth Industry Ministers’ Meeting, in Jaipur on Thursday. | Photo Credit: ANI The 10th BRICS Industry Ministers’ Meeting, held under India’s chairship, concluded in Jaipur on Thursday with member countries adopting a joint declarationContinue Reading

Small aluminium manufacturers hit by high cost of raw material due to import parity pricing: Report

Import parity pricing of primary metal raises raw material costs for entrepreneurs in the domestic downstream aluminium sector, squeezing their margins and hurting manufacturing competitiveness, according to a report. Despite being the world’s second-largest producer of primary aluminium with an installed capacity of over 4.16 million tonne annually, the country’sContinue Reading