IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.
SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.
Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax compliance.
FICCI felt there was little done to address the economic slowdown while health and education did not get the required filip.
At present, the Consulting community continues to be made liable for payment of GST on behalf of the employer.
About 40 per cent respondents reported plans for capacity additions for the next six months.
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