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ATF set to get "declared goods" status, air fares likely to fall There is good news for high-fliers. Finance Minister P. Chidambaram said that a Bill will be introduced soon in the coming session of Parliament to give aviation turbine fuel (ATF or jet fuel) the status of "declared goods." 25 Nov 2008
Stocks trading in the red on slowdown woes Slowdown fears gripped the BSE Sensex on Monday morning causing all 30 components of the benchmark index to trade in the red. 17 Nov 2008
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Rescuers race through night to save Haiti students Rescue crews working under the glare of floodlights dug through the rubble of a collapsed school early Saturday in a frantic search for students who may still trapped in a disaster that has already killed at least 47 people. 08 Nov 2008
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RBI's rate cut move seen at easing borrowing rates India's central bank, the Reserve Bank of India (RBI) slashed, Saturday, its key short-term lending rate or repo rate by 50 basis points to 7.5 percent and banks' cash reserve requirement (cash reserve ratio or CRR or the proportion of deposits banks need to keep with the central bank) by 100 basis points to 5.5 percent, giving rise to expectations that bankers would soon look at reducing their lending and deposit rates in the near future. 01 Nov 2008
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RBI cuts repo rate, CRR to ease liquidity crunch India's central bank moved, Saturday, slashing its key short-term lending rate or repo rate by 50 basis points to 7.5 percent and banks' cash reserve requirement (cash reserve ratio or CRR or the proportion of deposits banks need to keep with the central bank) by 100 basis points to 5.5 percent to maintain financial stability and ease the credit crunch that has roiled the domestic financial market. 01 Nov 2008
India Inc. welcomes RBI's move to cut repo rate, urges more India Inc. cheered, Monday, as India's central bank, the Reserve Bank of India (RBI) slashed its key short term lending rate by 100 basis points to maintain financial stability and ease the credit crunch that has roiled the domestic financial market. 21 Oct 2008
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India's central bank slashes repo rate by 1 percent to ease liquidity strain India's central bank, the Reserve Bank of India (RBI) slashed its key lending rate by 100 basis points to 8 percent, on Monday, to maintain financial stability and ease the credit crunch that has roiled the domestic financial market. 20 Oct 2008
