India’s GDP to remain below 6% for 2012-13
Planning Commission for cut in 12th Plan annual GDP growth target to 8.2%
CII(Confederation of Indian Industry) survey indicated that the GDP growth during 2012-13 is expected to remain below 6 percent
Planning Commission is proposing to lower annual average growth target for the 12th Five Year Plan (2012-17) to 8.2 per cent from its earlier projection of 9 per cent in view of uncertain global environment and sluggish performance of the manufacturing sector at home.
CRR cut to inject Rs.17,000 crore
The Reserve Bank of India (RBI), on 17th September 2012, retained the indicative policy rates at the current level while cutting the Cash Reserve Ratio (CRR) by 25 basis points to 4.50 per cent, injecting a liquidity of around Rs.17,000 crore into the banking system.
Naveen Jindal tops executive pay chart with Rs 73.4 crore package
The Chairperson and Managing Director of Jindal Steel and Power Ltd (JSPL),Naveen Jindal has topped the executive pay charts for listed companies in the country with a package of Rs 73.42 crore for the last fiscal 2011-12, which grew by over Rs six crore from previous year.