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PROJECTED GROWTH: RBI had projected a growth rate of 7.5 to 8 pc, down from the earlier estimate of 9 pc.

PROJECTED GROWTH: RBI had projected a growth rate of 7.5 to 8 pc, down from the earlier estimate of 9 pc.

GDP growth to be lower than estimates: Montek

Even as the Government is scaling down its growth projections, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said that GDP growth could be lower this fiscal than what the RBI estimates say.

ON A WAR FOOTING: The RBI is expected to take some more measures to ease the liquidity crunch.

PM meets FM, RBI Guv; reviews economic situation

Meeting seen as a signal for further announcements from the RBI to ease liquidity pressure.

http://www.ibnlive.com/news/pm-meets-fm-rbi-guv-reviews-economic-situation/75840-7.html

IT

High crude price beginning to hurt India

High price widen losses incurred by state-run petroleum marketing firms to Rs 450 crore a day.

http://www.ibnlive.com/news/high-crude-price-beginning-to-hurt-india/64779-7.html

PLANNING DEVELOPMENT: After several months of hectic deliberations, the Planning Commission and the Union Cabinet had approved the draft Five Year Plan.

11th Five-Year Plan to get nod tommorrow

Manmohan Singh will chair a meeting of the NDC to approve the 11th Five-Year plan.

http://www.ibnlive.com/news/11th-fiveyear-plan-to-get-nod-tommorrow/54433-3.html

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