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 Nov 20, 2008  
 
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India to step up investment in infrastructure
India would be providing a counter-cyclical fiscal stimulus and step up its investment in infrastructure to complement the monetary measures taken by RBI. India's GDP growth in 2009-10 will exceed tha....
 
RBI cuts CRR to 6.5%, repo rate to 7.5%
In an unexpected move, the Reserve Bank of India has further reduced the repo rate by 50 basis points to 7.5 percent from 8 percent and cash reserve ratio (CRR) by 100 basis points from 7.5% to 6.5%. ....
 
Rio Tinto to invest $228 mn in hydro turbine
Rio Tinto WILL will invest US$228 million in the construction of a new 225 megawatt high-efficiency turbine at Rio Tinto Alcan’s Shipshaw power station in Saguenay, Quebec, Canada. The project i....
 
Commodity Trends: No signs of market recovery
The global economic crisis is now reaching every part of the globe resulting in crash in equities, commodities and the dollar. RBI's quarterly monetary report shows that adverse impact of global meltd....
 
RBI monetary policy: FM says it's not final
Finance minister P Chidambaram on Friday said RBI’s decision to maintain key rates was not final.....
 
Will Sensex go down again?
If the trend goes like this, the Sensex may well go down near or below 8000 marks as the market has been disappointed with no RBI rate cut in the credit policy and banking stocks reeling under se....
 
Blade break: Is wind sailing against Suzlon?
Suzlon Energy Ltd, world’s fifth largest supplier of wind turbines seems to be facing rough weather following the breakage of v2 blades on its s.88 turbine in USA. Suzlon has clarified that ther....
 
RBI keeps rates unchanged, lowers forecast
In these times of market turmoil, the Reserve Bank of India (RBI) on Friday surprised the financial markets by keeping key rates unchanged in the mid-term review of annual monetary policy.....
 
RBI says India GDP growth remains healthy
The Reserve Bank of India on Thursday said India’s GDP growth continues to be one of the highest in the world despite moderation in agriculture, industry and services sectors.....
 
RBI cuts repo rate to 8%
The Reserve Bank of India has reduced the repo rate under the Liquidity Adjustment Facility (LAF) from 9 percent to 8 percent in view of the global liquidity constraint, RBI said today.
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Govt rules out bailout package for aviation sector
The government on Friday ruled out any bailout package for the ailing civil aviation industry but demanded rationalization of air turbine fuel prices. ....
 
RBI cuts CRR again by one percent
The Reserve Bank on Wednesday further cut by one per cent, the amount of mandatory cash that banks need to park with it - a move that would unlock Rs 40,000 crore into the financial system and pave th....
 
RBI announces Rs 25,000 crore liquidity package
Following major central banks across the globe in providing liquidity infusions, Reserve Bank of India on Wednesday decided to provide Rs 25,000 crore for lending to financial institutions.....
 
RBI to release another Rs 200 billion
Reserve Bank of India on Tuesday said another Rs.200 billion would be released for the needs of mutual funds.....
 
RBI to inject Rs 20,000 cr to help Mutual Funds
The RBI on Tuesday decided to inject Rs 20,000 crore through short-term lending route to help the mutual funds meet their liquidity needs and overcome redemption pressure. ....
 
Use forex reserves to create exclusive fund: CII
In a five-point agenda to enable the country to tide over the crisis created by global meltdown, CII has suggested formation of a exclusive fund by dipping into the large forex reserves of RBI. The fu....
 
CRR at 7.5% to inject Rs 60,000 cr into the system
In order to inject liquidy into the Indian economy, the Reserve Bank of India has further reduced the cash reserve ratio (CRR) for scheduled banks to 7.5 % from 8.5 %. The move will inject Rs 60,000 c....
 
Mobile banking gets RBI nod
Reserve Bank of India on Wednesday approved mobile banking norms for Core banking solutions (CBS) enabled banks with immediate effect. ....
 
Cut CRR, repo rate by 1%: ASSOCHAM tells RBI
ASSOCHAM in a representation has urged the RBI to reduce CRR and Repo rate by 1% to pump liquidity into the market. The cost of money borrowed  varies between 25-28% which is very high as a ....
 
RBI not to cut CRR, key rates
Reserve Bank is unlikely to ease the requirement for banks to keep cash with the central bank through a cut in CRR rate in its mid-term monetary review on October 24 even though the banking system is ....
 
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