Wednesday, December 16, 1998
Centre tables insurance bill amid din; anointment day seen in budget sitting
The BJP-led government on Tuesday introduced the Insurance Regulatory Authority (IRA) Bill in the Lok Sabha amid strong opposition from the left parties, the Samajwadi party and the Rashtriya Janata Dal.
Reserve Bank may delink working capital aid from prime lending rate
The Reserve Bank of India may allow commercial banks to disburse working capital loans at a fixed rate, delinking it from the prime lending rate (PLR). This is being done to help banks tide over asset-liability mismatches on the interest rate front.
Kishore in bid to kayo Mallya at Herbertsons
Kishore Chhabria has served a notice on Herbertsons Ltd seeking removal of Vijay Mallya and all his men from the company's board. In doing so, Chhabria has swung the equivalent of what could be a knockout punch in his ongoing battle with Mallya for control over Herbertsons.
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