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The Telegraph TT Bureau October 06, 2019 The confidence of manufacturing companies about the immediate future has sunk to its lowest level in the past five years — marking a significant draining of optimism at a time the Reserve Bank of India’s monetary policy committee has slashed the growth forecast for this fiscal to 6.1 per cent from 6.9 per cent. Respondents to an industrial outlook survey carried out by the RBI have expressed deepening worries about rising cost pressures emanating from interest payments on borrowings, slump in order inflows and access to finance because of which they have become pessimistic about profit margins and have developed negative sentiments about selling prices. The survey computes two indices — one based on assessment about the existing situation and is named the Business Assessment Index, and the other based on expectations to compute the Business Expectations Index. Each indicator for the respective period is calculated as a weighted ...

PTI: Economic Times: June 24, 2018 The state-wide plastic ban, including carry-bags and thermocol by the Devendra Fadanvis government, will result in loss of up to Rs 15,000 crore and nearly 3 lakh job, says the plastic manufacturing industry.  "The ban imposed by Maharashtra from Saturday has hit the industry very hard and the plastic industry is staring at a loss of Rs 15,000 crore, leaving nearly 3 lakh people jobless overnight," Plastic Bags Manufacturers Association of India general secretary Neemit Punamiya told today.  Nearly 2,500 members of the association have left with the no option but to shut shop following the ban, he added and termed the ban as "discriminatory".  On March 23, the state announced a ban on manufacture, use, sale, distribution and storage of plastic materials such as one-time-use bags, spoons, plates, PET and PETE bottles and thermocol items. The government had given three months time to dispose of the existing stocks, ...