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Saturday, June 7 1997
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World Bank for broker regulation![[Details]](/icons/bullet.gif){kind=icon}
The World Bank has called for a national brokerage regulation for commodity exchanges in India. It said the absence of proper government policies to monitor commodity brokerage can hinder the growth of futures market.
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Convertibility panel has set tough terms: FM
Union finance minister P Chidambaram said the Reserve Bank of India (RBI) committee had set the government a stiff criteria of fiscal control. Drawing a comparison of the RBI panel's report on convertibility to European Union's Masstricht treaty, the minister described the recommendations as positive.
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IPCL offers 14% to 14.25% band for bond issue
Indian Petrochemicals Corporation Ltd (IPCL) has decided to raise a Rs 450-crore debt funds at a coupon that will be decided for the first time through the bookbuilding process. The IPCL offers a very small width of coupon, ranging from 14% to 14.5% with steps of five basis points each.
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The Group
