There is another casualty on the high street. The reputed women fashion retailer Jane Norman has closed all their 90 stores in the UK and gone into administration. The company tried to find a buyer for the business, but failed to do so.
Today, the central bank, Reserve Bank of India has decreased the cash reserve ratio (CRR) by 0.25% and the new amount has been fetched at 4.25%. This move by Reserve Bank of India to reduce the CRR rate will infuse another Rs 17,500 crores into the banking system.
The Bryan Adams Delhi concert, which was scheduled to be held on Tuesday evening, has been postponed. The organizers of the event failed to get a No Objection Certificate from the Delhi Police Authorities.
