| GyanCentral - The hub for engineering and law students - IIT-JEE, AIEEE, BITSAT, CLAT, AILET - 2012: Top 10 ecomoic related news_ Target CLAT 2013. Sep 25th 2012, 10:17 | GyanCentral - The hub for engineering and law students - IIT-JEE, AIEEE, BITSAT, CLAT, AILET - 2012 | | The most comprehensive career education and test preparation forums in india. | | | Top 10 ecomoic related news_ Target CLAT 2013. Sep 25th 2012, 10:00 1. The cut in cash reserve ratio (CRR) could reduce the need of the banks to go in for large bulk deposits at high rates, Bank of Baroda Chairman and Managing Director M. D. Mallya. 2. Standard and Poor's (S&P) has lowered the growth forecast for India to 5.5 per cent for this fiscal, from 6.5 per cent projected earlier, citing "volatile" global economic situation. 3. International corporations will increase investments in India following the government's policy reforms announced last week, Vice Chairman of General Electric Co John Rice. 4. Cases involving over Rs 1,800 crore duty evasions, highest in past five years, by firms and individuals through misuse of various government trade promotional schemes were detected by the Directorate of Revenue Intelligence in last fiscal. 5. There are enough indications that the Indian economy's growth rate would pick up in the second half of this fiscal. It will touch 6.7 per cent for 2012-13, Prime Minister's Economic Advisory Council Chairman C. Rangarajan. 6. The cash reserve ratio (CRR), an instrument of monetary policy, has been in the news recently for two reasons. On September 17, the Reserve Bank of India, while unveiling its mid-quarter monetary policy review, reduced the CRR from 4.75 per cent to 4.50 per cent. The CRR is the proportion of deposits that commercial banks must maintain with the central bank. The 25 basis points cut would release Rs.17,000 crore of primary liquidity and through a process of monetary multiplier several times more. 7. Allying fears that opening up of the retail sector for FDI will hurt small kirana shops, Plan Panel Deputy Chairman Montek Singh Ahluwalia. 8. The notification relating to foreign direct investment (FDI) in multi-brand retail, issued by the Center, has been challenged in the Supreme Court. 9. Firm on a quick and efficient revenue mop-up, the government has decided to embark on phased disinvestment of shares in key government-owned Public Sector Enterprises (PSEs). 10. Once the share of overall modern retail in food reaches about 25-30 per cent, it is bound to affect kirana and small traders, Prime Minister's Economic Advisory council Chairman C Rangarajan. | | | |  | |
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