
Wednesday, April 21, 1999
RBI cuts CRR 0.5 per cent; focuses on money market reforms
The Reserve Bank of India announced an "easy" money policy to complement the Bharatiya Janata Party-led coalition government's Finance Bill which is set to be passed without any amendments tomorrow.
S&P's asserts faith in Indian economy, reaffirms ratings for India
Standard & Poor's affirmed its foreign currency and local currency issuer credit ratings for India, proving wrong the doomsayers who predicted ratings downgrade consequent to the fall of the 13-month old BJP-led Govt.
President to go by the book
President KR Narayanan is set to follow the precedents and practices set by his predecessors while dealing with the political situation that has arisen after the fall of the Vajpayee government.
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