Finance Minister Hopes RBI’s Announcement Today of Increase of 25 Basis Points in Policy REPO Rate would Help Us in Getting Back to a More Comfortable Inflation Situation ; would also Leave Scope for Growth to Pick-up in Second Half of the Year

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..... Finance Minister Hopes RBI’s Announcement Today of Increase of 25 Basis Points in Policy REPO Rate would Help Us in Getting Back to a More Comfortable Inflation Situation ; would also Leave Scope for .....

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..... Growth to Pick-up in Second Half of the Year - News and Press Release Dated:- 16-9-2011 - News - Press Information Bureau Government of India Ministry of Finance 16-September-2011 16:31 .....

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..... IST The RBI has announced today a 25 basis point increase in the policy repo rate, raising it from 8.0 per cent to 8.25. The Union Finance Minister Shri Pranab Mukherjee said that the Reserve Ba .....

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..... nk of India (RBI) s today s step is consistent with its monetary stance for the first half of 2011-12 and the overall concerns on growth sustainability in the medium-term. He said that he is hopeful t .....

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..... hat measure taken would get us back to a more comfortable inflation situation earlier rather than later, while leaving scope for growth to pick-up in the second half of the year. The Union Finance M .....

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..... inister Shri Pranab Mukherjee said that the headline inflation continues to be a matter of concern at over 9 per cent over the last 12 months, with significant supply and demand side factors contribut .....

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..... ing to it. There are also signs of growth being affected by monetary tightening in the recent data on the real economy. DSM/SS/GN - News - Press release - PIB Tax Management India - taxmanagementi .....

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..... ndia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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