The Financial Express -- Economy

Wednesday, December 3 1997

Exports inch up to 5.16 per cent

India's exports have witnessed a marginal rise to 5.16% during April-October 1997 as compared to the corresponding period in the last financial year. Imports during the first seven months of the current financial year were up by 6.5%.

Surfeit of tax doses sends foreign tourists to newer shores

Indian tourism is losing its cost advantage, a heavy dose of taxes administered by several state and successive union governments on hotel and travel industry is rapidly making this country a very expensive destination for the foreign tourists.

Reserve-ratio hike may harden interest rates

The Reserve Bank of India (RBI)'s decision to hike the cash reserve ratio (CRR) by 50 basis points to 10% will suck out Rs 2,400 crore from the system. The RBI also shelved the revised plan to bring down the CRR to 8% by April next year.

Jalan tightens money; rolls back CRR cuts

Maharashtra not to serenade Telco with special sops for Indica project

Dealers barred from giving forward cover to firms sans documents

Bankers divided over hike in reserve ratio

Nervous Japan depositors make a beeline for stronger banks

Reserve-ratio hike may harden interest rates

Korea agrees to tentative deal with IMF

CRR on NRE, NRNR deposits lifted

Trade Briefing -- Traders begin stir against service tax

Exports inch up to 5.16 per cent

The saga of the great rupee meltdown

Surfeit of tax doses sends foreign tourists to newer shores

Japan to use public cash to protect deposits

Cash, confidence make Singapore safe haven

"We don't want market to bet only one way"