This was important feedback as we contemplated how to modernize the regulations, while still staying true to the core purpose of the statute to meet the broad range of banking needs in low- and moderateincome (LMI) communities and address inequities in credit access. Our first major goal for the ANPR was to strengthen the regulations in alignment with the CRA statute.
Tariffs, on a weighted average basis, are comparable to ASEAN levels and taxes on business incomes are internationally comparable. In 2006-07, industrial growth was 11.3 per cent and exports of manufactured goods rose by 16 per cent in US dollar terms (April-January).