Friday, April 2, 1999
Hegde pins blame on finance ministry for not reducing rupee
Commerce minister Ramakrishna Hegde has blamed the finance ministry and the RBI for overlooking the long-term benefits which would accrue to the economy on account on the accelerated inflow of foreign exchange from exports.
Anand Rathi elected BSE president
Anand Rathi, chairman of Anand Rathi Securities Pvt Ltd, was elected president of the Bombay Stock Exchange (BSE) at the exchange's governing board meeting on Thursday.
Higher insurance cost hits Air India
The recent turmoil in the aviation reinsurance market--triggered by the Swiss Air crash off the coast of Canada--has forced Air India to pay almost 30 per cent higher premium for seeking an insurance cover during 1999-2000.
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