
Sunday, February 28, 1999
Funds to act as a catalyst to capital market revival
The Unit Trust of India and the mutual fund industry in general have received an unprecedented shot in the arm from the finance minister's union budget for 1999-2000 by way of tax breaks for open-ended equity-oriented funds.
Punters heave a sigh of relief as Sinha treads cautiously
The finance minister seems to have learned his lesson and kept the budget as non-controversial as possible, which has been vastly appreciated by the stock market, as seen from the 165-point rally in the Sensex.
Forward dollar key to export-credit scheme success
The success of finance minister Yashwant Sinha's attempt to revitalise exports by revamping the export-credit scheme in foreign currency and making available pre-shipment credit at globally-competitive rates will depend on the vagaries of the forward dollar market.
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