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Wednesday, August 25, 1999

RBI sees 6.5% GDP growth; exudes economic optimism
After years of cautious prognosis, the Reserve Bank of India has ushered in a mood of optimism on the economic front.

Low inflation not to impact interest rates
The Reserve Bank of India (RBI) has ruled out any possibility of bringing down the interest rates to kickstart growth even as the wholesale price index-based inflation level touched the 20-year low.

`E-commerce in India still 15-20 years away'
The revolution in information technology and communication systems will completely change the way companies do business in the new millenium but it could still take 15-20 years before e-commerce catches on in India, according to PM Sinha, chairman of Pepsico India Holdings.


Corporate Results


  Spices Board, UNCTAD to promote organic farming in Kerala villages
  Indonesia clarifies on mining firms operation
  US Gulf Coast oil refineries resume work after hurricane damages
  7 industries post negative credit growth
  `Size alone is no panacea for financial sector's woes'
  Reports put M&A deals at Rs 15,100 cr in 1998-1999
  TNEB's Rs 200-cr bond issue meets with good response
  Capital goods sector urges ministry to defer decision on import tariff
  Scale back provident fund rates -- IBA chief
  Steel floor prices may be linked to global rates
  Centre recommends restructuring plan for directorate of tourism
  Bring service sector under tax net, Reserve Bank tells Government
  Monetary policy must set its sights on bringing down long-term rates
  Current account deficit declines to 1% of GDP
  Commercial banks hold Rs 60,000 cr excess SLR papers
  Report voices concern over states' hurry to offer counter-guarantees
  Higher forex assets, gilts holding propel RBI total income by 36.5%
  Newsmaker
  Briefing
  Yashwant, Marandi file papers
  Briefing
  Laloo faces tough challenge from BJP combine
  BJP gains momentum on eve of elections
  Pawar, Rane vie for a bigger pie in sugarcane cutters votebank
  Executive Briefing
  Alliance with TDP limited to seat-sharing - BJP
  Snub! No problem for a few seats more
  Sonia plays minority card in Andhra
  CPI announces candidates for Bihar



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