Despite several constraints, the policy has tried to support growth through more liquidity infusion
With inflation likely to persist at 7.5-8% till Dec, we didn?t expect RBI Governor Subbarao to cut policy rates on Tuesday
Rate cuts are unlikely to spur a supply response until the implementation bottlenecks are resolved
Also advises imposing a limit on these, beside mandating a system within two months to share information in this regard
Industry has been going through a phase of high interest rates, declining demand and insufficient working capital
Says purchase of gilts would be necessary as the reduction would not be enough to ease liquidity
SBI chairman reiterates his stand on abolishing CRR
The policy guidance marks a clear shift in RBI's monetary policy stance towards addressing growth risks while not de-emphasising the objective of containing inflation
Economists point to WPI inflation trend, many think RBI unlikely to move on this before March
CRR cut 25 bps, FM says govt will walk alone to face growth-inflation challenge
RBI & the govt will put out a borrowing calendar for the second half of FY13 in the last week of September
Under this scheme, the maximum ECB that an individual company or group (as a whole) can use is capped at $3 bn
In the works: new banking licences, SUUTI dissolution, quick clearance of projects
FinMin talking to Irda on many issues, meeting Chidambaram this week