The government is set to announce some significant measures to reduce the high transaction costs faced by the country's exporters in their day-to-day operations. Finance Minister Pranab Mukherjee will be unveiling the measures on February 8.
Empowered group of ministers on fuel pricing was likely to meet soon.
In a possible precursor to further rate cuts, Finance Minister Pranab Mukherjee's meeting with public sector bank chiefs on Monday will review their benchmark prime lending rates and interest rates on loans for automobiles, homes, small and medium enterprises and non-banking finance companies.
Global experience in allowing corporate groups to set up banks reveals that stringent regulation is the best defence against malpractice.
When crony capitalism flourishes, investor sentiment is bound to take a hit.
