Sinha to take up IMF conditions at annual meet
New Delhi will raise the issue of IMF conditionalities at the Fund-Bank annual meeting and press for a consensus on managing short-term loans, the unrestricted movement of which has played havoc with the financial system of several countries in east Asia and Latin America.

FIs to discuss steel firms' bailout package as debts top Rs 20,000 cr
The total liability of the private sector steel companies with the institutions which is estimated to be over Rs 20,000 crore has forced the institutions to call an emergency meeting in Mumbai on Saturday to discuss a bailout package. Among the other major borrowers are Lloyds Steel with Rs 1171.25 crore, Malvika Steel (Rs 934.99 crore), Usha Ispat (Rs 433.33 crore) and Rajinder Steel (Rs 403.99 crore).

EU members meets amid clamour for global reforms
EU finance ministers and central bankers meet later on Friday amid a crescendo of calls for rapid overhaul of the world financial order as emerging market turmoil shakes the West's banking system. With the global economy facing its severest challenge since the oil shocks of the 1970s, two European members of the Group of Seven industrial powers this week sketched plans for urgent reform of the International Monetary Fund and World Bank.

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  Textile Briefs
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  Economy Briefing
  Government ban on loose edible-oil sale to boost polymer consumption
  Executive Briefing