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Sunday, May 4 1997

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BSE revises exposure margins

[Details] The Bombay Stock Exchange has decided to revise its net exposure margin with effect from May 5. Starting Monday, Type II members -- who have not opted for carryforward facilities -- will be required to pay a net exposure margin of 10% on every Rs 1.5 crore to Rs 5 crore business conducted on the exchange.
Centurion Bank

BUDGET

BIRLA GLOBAL

Corruption, nepotism in CPM on the rise: Jyoti Basu

[Details] West Bengal Chief Minister and senior CPI (M) leader Jyoti Basu has admitted that corruption, nepotism and the tendency of leaders to openly criticise the political line is on the rise within the party.

Balancing egos and the budget

[Details] President Bill Clinton and Republican leaders in Congress have announced that they have reached a landmark agreement on a plan to balance the United States Federal Budget by 2002. The deal entails cuts in a broad swathe of government programmes while offering tax cuts to benefit families and investors.

[Details] High-profile brawl in Delhi Gymkhana Club

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