Saturday, August 22, 1998
Crop productivity in Punjab, Haryana declines, says ICAR
A recent study conducted by the Indian Council of Agricultural Research (ICAR) has revealed that crop productivity is sharply on the decline major growing states of Punjab and Haryana.
Unfocussed subsidy
The fertiliser policy is getting tied up in knots. The government has freed phosphatic and potassic fertilisers from price ceilings, in the certain knowledge that P & K prices will become dear.
Market likely to rally; traders may take long positions
The RBI governor announced a hike in the cash reserve ratio (CRR) from 10 per cent to 11 per cent. This step will reduce the liquidity in the system and is set to send interest rates soaring.
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