Top economic news of the day

India Infoline News Service | Mumbai |

The Finance Ministry has turned down a demand from automobile makers for a cut in the import duty on motor vehicle parts

To boost demand for infrastructure and housing, the Reserve Bank of India said banks would not have to maintain cash reserve ratio or statutory liquidity ratio and will not have to meet priority-sector lending targets for funds raised through bonds for extending credit to these sectors. (BS)

The Finance Ministry has turned down a demand from automobile makers for a cut in the import duty on motor vehicle parts. (BL)

Price of diesel sold to bulk consumers like Railways and State Transport Corporations was cut by Rs 1.09 per litre in line with falling international rates. (ET)
 

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