Thursday,
October
16,
2008, Chandigarh, India
Updated at 3:00 am (IST)
Govt, RBI unlock Rs 65,000 crore
CRR cut by another 1%;
Rs 25,000 cr against debt waiver
New Delhi/Mumbai, October 15
The government and the RBI have once again announced fresh measures to infuse liquidity into the system.
Elaborating on the measures taken, finance minister P. Chidambaram said the government would provide Rs 25,000 crore as first installment (against
the farm debt waiver scheme) to commercial banks, Regional Rural Banks, and cooperative credit institutions.

Business page: Patel hints at bailout
package for airlines
Markets bearish again
Rupee loses 43 paise
US budget deficit swells to $455 b
TN MPs threaten to resign
Stop killing of our fishermen, PM tells Lanka
New Delhi, October 15
With MPs from Tamil Nadu threatening to resign en masse if the government did not come forward to ensure a ceasefire in Sri Lanka, Prime Minister Manmohan Singh today asked Colombo to de-escalate hostilities and emphasised the need for a political solution to the ethnic crisis in the island nation which respects the rights of the minorities.
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