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RBI hikes CRR by 75 bps; repo rates untouched
The Reserve Bank of India, in its Monetary Policy review today has hiked the Cash Reserve Ratio (CRR) by 75 basis points (bps) to 5.75 per cent, while holding the repo and reverse repo rates steady in line with market expectations.

ICICI, Citi among 17 in race to manage NMDC issue
ICICI Securities, Citigroup and Morgan Stanley along with 14 other merchant bankers have submitted bids to manage the estimated Rs 14,000-crore disinvestment of the state-run iron ore producer NMDC.

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StatsGuru- 05-October-09
HOW MUCH THE RECOVERY HAS GAINED GROUND is best seen from the fact that the IMF has, once again, raised its forecast for global growth for 2009 as well as 2010. But, as was underlined at the G-20 meet, the recovery is fragile, heavily dependent upon government spending and support — global deficits are up 6 percentage points and governments in advanced economies have provided guarantees of over 30 per cent of their GDP to prevent their banks from collapsing.
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India not to accept any legal binding on emission cut: govt

Under attack for its climate policy for Copenhagen summit, the government today said India will not accept any legal binding on emission cut and rejected any proposal that would put a cap on the carbon emission. - No compromise on carbon emission cut stand, says India - Dubai World may sell assets to part finance debt - No immediate plans to import rice, says govt - Black money trail: Govt mulls tax treaty review with 76 nations - Spl fund soon to rehabilitate overseas job losers - Uncertainties in new tax code may hit fund inflows: Deloitte Days before leaving for the Copenhagen summit which began in the Danish capital today, Environment and Forests Minister Jairam Ramesh said, "Under no circumstances, we will accept any draft which suggests that India"s emissions should peak by 2025, 2030... This is simply not on our agenda." Replying to queries from members in the Rajya Sabha, he said India would not accept the same level of international scrutiny for the country"s unsupported carbon mitigation action though it can do so for the plans supported by global funding and technology. "Wherever the world supports us in terms of finance and technology, they can come and verify what we are doing. But where you (developed world) are not supporting us... We will not support these actions to international scrutiny," he said. Ramesh, who is blamed by opposition for opening the country"s negotiating cards before going to the summit, said, "We will under no circumstances accept a legally binding emission reduction cut." He had last week announced in the Lok Sabha that India would unilaterally cut carbon intensity level by 20-25 per cent by 2020. His announcement came in for sharp criticism from the BJP and the Left parties.


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