Union cabinet clears plan to repeal Ulcra
The union cabinet on Tuesday decided to promulgate an ordinance to repeal the Urban Land (Ceiling and Regulation) Act, 1976, to facilitate development and disposal of excess vacant land for housing and other infrastructure areas.

Reserve Bank extends tier-II liquidity support to primary dealers
The Reserve Bank of India has allowed tier-II liquidity support to primary dealers (PDs) to ease the tight liquidity conditions in the system.

Exports post negative growth in H1
India's exports to some major destinations -- Western Europe, Escap countries and to the Russian Federation -- has recorded a negative growth in the first half of the current fiscal compared to last year, according to the commerce ministry.

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