CRR hiked to 11%; repo rate up by 300 basis points to 8%
The Reserve Bank of India on Thursday unveiled a multi-pronged strategy to stem the continued fall of the rupee over the past

Government unshackles sugar industry
The centre on Thursday delicensed the sugar industry and reduced the minimum distance between two mills from a radius of 25 km to 15 km. All new units which will be set up after the announcement of this decision will not be eligible for incentives like exclusion for meeting levy requirements.

Decontrolled fertilisers' price cap off; Centre to foot Rs 1,000 cr subsidy bill
The Centre on Thursday announced increased subsidy on phosphatic and potassic fertilisers, placing an extra Rs 1,000-crore subsidy burden on the central exchequer. The government has also scrapped the ceiling price for decontrolled fertilisers from October 1 till March 31, 2000.

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  Executive Briefing
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