Finance Minister: Government Welcomes the Reserve Bank of India’s Decision to Reduce the Repo Rate to 6.75 Percent from 7.25 Percent; Rate Cut, Combined with Actions Taken and Planned by the Government, will Help Boost Confidence and Investment, and Help Realize the Economy’s Medium-Term Potential Growth Rate

Finance Minister: Government Welcomes the Reserve Bank of India’s Decision to Reduce the Repo Rate to 6.75 Percent from 7.25 Percent; Rate Cut, Combined with Actions Taken and Planned by the Government, will Help Boost Confidence and Investment, and Help Realize the Economy’s Medium-Term Potential Growth Rate https://www.taxtmi.com/news?id=15030 The Government endorses the repo rate reduction as reflecting moderated inflation and enabling policy support, commits to fiscal consolidation, and will facilitate transmission of monetary easing including by reviewing the small savings framework. It permits corporates to raise External Commercial Borrowings through rupee denominated offshore bonds with no end use restrictions, and expands a Medium Term Framework raising FPI limits in Government Securities while establishing FPI limits for State Development Loans to boost predictability, foreign participation and liquidity. en-us Tue, 29 Sep 2015 14:04:28 +0530 Tue, 29 Sep 2015 14:04:28 +0530 TaxTMI RSS Generator Finance Minister: Government Welcomes the Reserve Bank of India’s Decision to Reduce the Repo Rate to 6.75 Percent from 7.25 Percent; Rate Cut, Combined with Actions Taken and Planned by the Government, will Help Boost Confidence and Investment, and Help Realize the Economy’s Medium-Term Potential Growth Rate https://www.taxtmi.com/news?id=15030 The Government endorses the repo rate reduction as reflecting moderated inflation and enabling policy support, commits to fiscal consolidation, and will facilitate transmission of monetary easing including by reviewing the small savings framework. It permits corporates to raise External Commercial Borrowings through rupee denominated offshore bonds with no end use restrictions, and expands a Medium Term Framework raising FPI limits in Government Securities while establishing FPI limits for State Development Loans to boost predictability, foreign participation and liquidity. News - Tue, 29 Sep 2015 14:04:28 +0530 https://www.taxtmi.com/news?id=15030