The Financial Express -- Economy

Tuesday, December 9 1997

RBI seeks ways to speed up core funding

The Reserve Bank of India (RBI) is exploring the idea of reviewing banks' prudential norms and developing new financing instruments in order to boost infrastructure financing. RBI governor Bimal Jalan yesterday met chiefs of financial institutions, major banks and Infrastructure Development & Finance Corporation (IDFC) to find ways to speed up core sector funding.

Mumbai metro development body puts new projects on backburner

The Mumbai Metropolitan Regional Development Authority (MMRDA) has put all its new projects on hold till the political uncertainty passes and the real estate market recovers. Meanwhile, MMRDA is yet to announce its decision on the two projects it had invited tenders for early this year.

Kesri to kick off poll campaign soon

Congress party spokesman Vithal Gadgil announced yesterday that its president Sitaram Kesri will address nationwide rallies. Kesri had earlier stated the forthcoming elections will be fought under his leadership. Gadgil added that the party chief will tour all parts of India.

FIPB should be scrapped, says Maran

Working committee under SH Khan to harmonise roles of banks, institutions

RBI re-aligns yield curve with gilts intervention

Rupee fall may trigger power-tariff hike

Diesel prices unlikely to be revised this month

Kesri to kick off poll campaign soon

Pact signed to build six tunnels on expressway

Mumbai metro development body puts new projects on backburner

Centre to make up mind on Indian Oil GDR issue in 7 days

"Corporates must target global marketplace"

Financial Briefing -- RBI repo auction mops up Rs 1,000 cr

RBI seeks ways to speed up core funding