1) Japanese delegates visit Nanguneri Multiproduct SEZ
- Japanese delegates led by Hiroaki Takayama, Mizuho bank limited visited Nanguneri Multiproduct Special Economic zone(SEZ).
2) 6th Bi-Monetary Policy Released
- Repo Rate - 7.75%
- Reverse Repo Rate - 6.75%
- Marginal Standing Facility (MSF) - 8.75%
- Bank Rate - 8.75%
- Cash Reserve Ratio (CRR)- 4%
- Statutory Liquidity Ratio (SLR) - 21.5% [RBI has reduced 50 Base Points from 22 to 21.5)
Key Points
- 72 Applicants for Small banks and 41 Applicants for Payment banks
- FII can invest in Corp Bonds with 3 years Maturity.
- RBI raised cap on Forex with LRS (Liberalized Remittance Scheme) to $250000 per person
- Inflation Expected - 6% by Jan 2016.
- 2014 GDP - 5.5%
- GDP 2015-16 Expectation - 6.5%
3) Indian Shortlisted for US prestigious Hayek Prize
- Journalist - Writer Hindol Sengupta's book "Recasting India : how entrepreneurship is revolutionizing the worlds largest democracy" is among six books shortlisted for Hayek Prize.
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