Indian Economy
Depreciation means

closure of a plant due to labour trouble
destruction of a plant in a fire accident
closure of a plant due to lock out
loss of equipment over time due to wear and tear

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to setup more foreign exchange banks
to govern entry of new private sector banks to make the banking sector more competitive
to reduce the freedom given to banks to rationalize their existing branch network
to lend more easily for industrial development

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