The Financial Express -- Economy

Tuesday, July 1 1997

Shipping sector seeks level playing field

Shipowners in the country are little better off despite six years of burgeoning trade volumes due to economic liberalisation, while foreign rivals, operating out of tax havens, have filled their holds with the extra cargo.

Invalid permits fetch no claims

The need for a valid driving licence before taking your vehicle on the road can hardly be overemphasised. More so as the General Insurance Corporation of India and its subsidiaries can reject your claim in case of an accident, if you do not have a valid driving licence.

Nabard cuts rate by 1 percentage point

Industrial Development Bank of India yesterday announced a reduction in its minimum term lending rate (MTLR) by 50 basis points, following a reduction in the bank rate and downward revision in deposits and other rates.

Joginder Singh shunted out of CBI

No penalty for omission of facts if detected before I-T prob

Hong Kong handed over to China

Contractual obligations must be fulfilled

Forward Premia

Dollar rises against mark

Hong Kong is set for a new era of growth

Lack of funds responsible for shortfall in road sector target

Public sector banks improve performance in 1996-97

Sun sets on the British empire, but expatriates see dawn ahead

Ministry plan for cotton technology mission cleared