India
RBI- Bank Rate 6% , Repo Rate 7.75%, Reverse Repo Rate 6%, CRR 7.50%, SLR 25% PLR 12.75%-13.25%, WPI- 24/11/2007 3.01 % Foreign Exchange Reserve--$273.5 bnEconomic growth rate for half year as per Mid term Review 9.1%
World
Benchmark Interest Rate- BOE-5.50%, E.C.B. 4.00%, USA FED 4.25%, BOJ 0.50%
The Bank of England on Thursday cut its benchmark interest Rate from 5.75 % to 5.50 % for the first time in two years as inflation is likely to slow due to higher credit costs may hurt economic growth. Meanwhile the European Central Bank has left its benchmark interest Rate at the same level at 4%. -06/12/2007
Direct Tax Collections grow more than 40% in eight months of current fiscal year -03/12/2007
The Negotiating Group on Rules of WTO circulated to members its draft consolidated texts on anti-dumping and subsidies and countervailing measures, including fisheries subsidies. Director-General Pascal Lamy said “the texts are ambitious and balanced in all three areas they cover and they will enable negotiators to work in a more intensive manner in the coming weeks.”-03/12/2007
RBI has put the discussion paper on holding companies in Banking Groups for public comment -03/12/2007
VAT panel favours centre and state level GST-28/11/2007
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