Sunday, March 4, 2012

ASSOCHAM for immediate reduction of CRR by 100 basis points to address intense liquidity crunch

To make funds available for many large projects awaiting disbursement and instil confidence amid investors, the ASSOCHAM has sent an SOS to the Union Finance Minister, Mr Pranab Mukherjee and the Reserve Bank of India (RBI) Governor, Dr D. Subbarao to urgently cut CRR by at least 100 basis points with a view to provide Rs one lakh crore for the growth of the economy without awaiting the monetary policy scheduled March 15........

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