Top economic news of the day

India Infoline News Service | Mumbai |

The National Highway Authority of India (NHAI) has launched a portal where information related all highway projects under PPP mode would be made available.

The 50-basis-point cut in the SLR to 22.5 % (from 23 %) of bank deposits, starting mid-June, will expand banks’ resource base by about Rs.400bn. This amount, currently invested in government securities, could get released for lending purposes.(BL)

The Reserve Bank expects economic growth of between 5 and 6 % in the current financial year even as uncertainty over the monsoon clouds the forecast for agriculture. (BL)

The National Highway Authority of India (NHAI) has launched a portal where information related all highway projects under PPP mode would be made available. (ET)

The exporter community is sceptical about the Reserve Bank of India’s decision to reduce availability of funds under the export credit refinance (ECR) window to 32 % from 50 % of export credit outstanding. This move could affect credit flow to exporters. (BL)
 

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