QUOTES.
Anand Sharma
" As per extant FDI policy, FDI upto 26% is permitted in the defence sector with prior government approval. FDI up to 100% is permitted in warehousing and food storage facilities on automatic route. There is no proposal under consideration to amend the policy "
Apr-23,2013
Bank of America
" We expect the RBI to cut policy rates 25bp on June 17 and have preponed another 25bp rate cut to July 30 from October. To improve bank liquidity to soften lending rates, the RBI should continue to OMO (Rs 1600 billion BAMLe) in FY14, assuming 50bp CRR cut in 2HFY14 "
May-16,2013
