The CRR cut will inject Rs 48,000 crore of liquidity into the banking system. CRR cut will ensure smooth flow of credit. CRR has been cut to inject permanent primary liquidity into the system.

The Reserve Bank defended its tight money policy of the past two years, saying hiking interest rates was to strike a balance between growth and inflation, a day after government said economic growth in the third quarter had slumped to over 2-year low of 6.1 per cent. The inflation had fallen to an over two-year low of 6.55 per cent in January on cheaper food items.

2. Shree Shubham Logistics Ltd (SSLL) has signed MoU with Oriental Bank of Commerce (OBC), Yes Bank and Punjab National Bank (PNB) to benefit scores of farmers in availing post-harvest credit facilities Under the pact.

3. Auto major Mahindra will launch its new Duro DZ scooter model and unveil its MGP30 racing motorcycle at the Delhi Auto Expo next month.

4. Bharat Sanchar Nigam Limited (BSNL) has introduced the latest broadband internet connectivity ‘Wi-Max’ service in six places in Kullu district.

5.  Domestic handset manufacturer Micromax has appointed Deepak Mehrotra as its chief executive officer (CEO).

6. The Reserve Bank of India will shortly circulate coins of Rs.5 denomination to commemorate 100 years of civil aviation in the country.

7. Credit rating agency Moody’s on 21 December 2011 upgraded the credit rating of the Indian government’s bonds from the speculative to investment grade.

8. The directorate general of hydrocarbons (DGH), the technical arm of the oil ministry approved Cairn India’s proposal to commence production from Bhagyam, the second-largest oil field in the Rajasthan block.

9. The fourth edition of the India International Coffee Festival (IICF 2012) in New Delhi, from Jan 18-20 will showcase flavours of the green bean and educate non-traditional drinkers to make the brew a regular habit.

10. FMCG major Hindustan Unilever Ltd (HUL) declared that HDFC Chairman Deepak Parekh, who is an independent director in the company’s board, has resigned after more than 14 years of association with the firm citing personal reasons.

2. The Delhi Metro Rail Corporation has given the right to use the land acquired for the project for property development also.

3. Rajasthan Calling’ will kick started on Dec 16 from Gurgaon, Haryana and will stopover for three days in each city as part of promoting the campaign. Its A two-month campaign that will tour 22 Indian cities showcasing Rajasthan’s food and culture to further boost the states’ tourism.

4. Gati Ltd. a leader in Express Distribution and Supply Chain Solutions, has informed the BSE/ NSE that the company has successfully closed the re-issue of its Foreign Currency Convertible Bonds (“FCCBs”).

5. DHL, a leading logistics company, and Blue Dart Express Ltd., South Asia’s premier courier, on Tuesday announced India’s first end-to-end GoGreen Carbon Neutral Service across international and domestic markets.

6. The Bangalore city-based TTK Services launched a new division ”HomeShikari, a property portal that provides unbiased information and hassle-free online experiences.

7. GEI Industrial Systems has bagged a contract, worth Rs 37 crore, from Nuclear Power Corporation of India (NPCIL). The contract is for engineering, procurement and construction (EPC) of heavy water upgrading plant and waste management plant 2×700 MW for Rajasthan Atomic Power Project-7.

8.  L and T Construction has bagged a major order valued at Rs 2,164 crore in its Infrastructure Segment from GMR Infrastructure. The order is for construction of stretches consisting of six laning of Kishangarh Udaipur Ahmedabad Highway.

9. Tata Power, country’s largest private power company, completed signing of financing agreements with a consortium of domestic lenders for its 25 MW solar photovoltaic (PV) power project at Mithapur, Gujarat.

1o. Infosys signed a multi-year contract with Switzerland-based Syngenta AG, one of the world’s leading agribusiness companies, to cover Business Transformation initiatives across five continents.

11. Dell India appointed Mr Harsha Lal as general manager of its Public-Large Enterprise (PLE) business unit in India.

12. Usha Thorat, Director, Center for Advanced Financial Research and Learning (CAFRAL) and former Deputy Governor, Reserve Bank of India, inaugurated the Reserve Bank of India’s ‘Newsibition‘ at the central bank’s Byculla office. The Newsibition is part of the Reserve Bank’s outreach and financial literacy efforts.