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Article: Stimulus II: Easier duties, cheaper loans.
- Article from:
- Hindustan Times (New Delhi, India)
- Article date:
- December 22, 2008
CopyrightCOPYRIGHT 2008 McClatchy-Tribune Information Services. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gaurav Choudhury
Dec. 22--NEW DELHI -- Domestic industry could get more protection and car and two-wheeler loans could become easier under a new stimulus package of monetary and fiscal measures expected this week. Banks may be given room to reduce lending rates further. Another cut in the RBI's benchmark repo rate--the short-term rate at which the central bank lends to banks--appears a distinct possibility as also a further easing of overseas borrowing norms for Indian companies. A possible anti-dumping duty on imports on chemicals, steel and non-ferrous metals such as aluminium may help industry weather unfair competition from China and the ...
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