India Brand Equity Foundation

New Delhi, September 17, 2012: The Reserve Bank of India (RBI) announced a 25 basis points cut in the cash reserve ratio (CRR), a move that is expected to release Rs 17,000 crore of primary liquidity into the system.

In a major step aimed at boosting the Indian civil aviation sector, the Cabinet Committee of Economic Affairs relaxed the FDI norms in aviation which will allow foreign aviation companies to invest in Indian aviation companies.

The Cabinet Committee on Economic Affairs (CCEA) today announced its decision to liberalise the broadcast sector. As per the new guidelines, Foreign Direct Investment (FDI) of up to 74 per cent will be permitted in various services of the sector.