Darjeeling tea gardens not for tourists yet
Darjeeling tea gardens are unlikely to be opened to tourists any time soon despite the best efforts of the West Bengal government and the Darjeeling Gorkha Hill Council. The lease contracts between the tea garden owners and the state government do not provide for any tourism-related activity in the gardens.
Wait not for the new FM, book profits now
The rathyatra to profits was derailed in its tracks on Thursday at the Sensex level of 3830. Earlier, operators had built up positions uptil Tuesday on an optimistic note; but, caution descended on Wednesday itself looking at the piteous position of BJP.
"Reforms must to lure funds"
The economic reforms in the country should continue without any further obstacles for attracting major investments in sectors like infrastructure and communication, according to chairman of committee on India-Japan Relations Kenji Yoshizawa. Yoshizawa, who was here on Thursday to meet the Confederation of Indian Industries (CII) delegates, said India is one of the promising markets to invest more funds.
Open-end equity funds bring down their entry and exit loads
Almost all open-end equity funds have brought down their entry and exit loads over the last one year. Effective from March 9, 1998, GIC Mutual Fund has brought down the entry load in GIC Fortune '94 from 6 per cent to 2 per cent. The fund does not carry any load on redemption.
Economy on the threshold of recession
Japan appears headed for its first recession in over two decades, judging by the data released on Friday, a prospect that is likely to strengthen calls for the government to take decisive steps to jump-start the economy. Japan's economy shrank 0.2 per cent in the October-December quarter from the previous quarter, prompting the government to admit that its growth target of 0.1 per cent for the fiscal year ending on March 31 would be hard to achieve.
Indonesia braces for cabinet announcement
Indonesia faces a busy weekend when it will announce a new cabinet and host Japanese Premier Ryutaro Hashimoto, events bound to dictate how it battles a devastating economic crisis.
