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State banks would welcome CRR cut - official

INDIA-BANKS-CRR-CUT-HOPES-RBI:State banks would welcome CRR cut - official

Read more on:    INDIA | BANKS | CRR | CUT | HOPES | RBI | Bank of India
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REUTERS - 's state-run would welcome a 1 percentage point in the country's cash reserve ratio () by the Reserve () at its next monetary policy meeting, a senior finance ministry official said on Tuesday.

The comment came from Financial Services secretary D.K. Mittal, who is in-charge of all state-run financial institutions.

(Reporting by Manoj Kumar; Editing by Gopakumar Warrier)

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Jaya govt presents tax-free budget in Tamil Nadu

The Jayalalithaa Government in Tamil Nadu today presented a tax-free budget for 2013-14, proposing 'prudent fiscal management", amidst gloomy ...

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