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Article: STIMULUS II: EASIER DUTIES, CHEAPER LOANS

Article from:
The Hindustan Times
Article date:
December 22, 2008
Copyright

Gaurav Choudhury

Hindustan Times

NEW DELHI, India, Dec. 22 -- 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 Commonwealth of Independent ...

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