The Financial Express -- Economy

Tuesday, June 3 1997

Fresh rate cuts hinge on inflation, says RBI governor

The Reserve Bank of India's (RBI) decision to dispense with the cash-reserve ratio (CRR) on inter-bank liabilities will benefit 90 of the 99 banks. The rest will gain partially, according to RBI governor C Rangarajan.

Bangalore Mysore express highway plan still under wraps

The ambitious plan to set up an express highway between Bangalore and Mysore has not seen much progress even as the state government has set up an empowered committee headed by the chief secretary of Karnataka to grant single window clearances for the project.

Parties for fresh polls in states

The Bharatiya Janata Party and Telugu Desam Party have suggested holding of fresh elections in a state, if no party or combination was in a position to form the government.

Ministry objects to Ispat plea

JGBs higher on short-covering

Bonn firm on asset revaluation

Morgan Stanley MF cuts losses

Forex remittance racket busted

US treasuries steady

Marketplace Briefing -- Grab a multimedia PC for Rs 56,000

Showcause to Hiten Dalal

WB report hails outcry system

Banks seek RBI nod to hike exposure limit in Haldia Petrochem

RBI asks banks to freeze CRB group credit balances

Proper reason must for property acquisition