The Financial Express -- Economy

Monday, August 25 1997

Centre not to make new foreign exchange act a toothless code

The finance ministry favours the inclusion of "draconian provisions" in the proposed Money Laundering Bill, which by its very nature has to include certain provisions of the outgoing Foreign Exchange Regulation Act (Fera) to be replaced by a soft Foreign Exchange Management Act (Fema).

Public sector banks market share seen declining

The share of nationalised banks in urban, metropolitan and semi-urban centres has been registering a decline during the last three decades, while foreign and private sector banks are making inroads, according to a study.

Foodgrain output may cross 200 million tonnes

The foodgrain production in India this year is likely to cross a record 200 million tonne mark, according to Union agriculture minister, Chaturanan Mishra.

No subsidiary can be a holding company

CBDT member allays fears of harassment on VDIS declaration

Inflation rate inches up to 4.08 per cent

Benefits of portfolio restructuring finally dawn on mutual f

No detailed scrutiny of returns filed under FEC plan

Investors seek more incentives in road sector

Kunal Engg. preference share priced at Rs 11

Need for uniformity in interpretation of income tax law

Expectations take a rude turn

IMF to assess impact of peso crash

Port users to discuss steps to attract pvt sector

Interbank rates move in a wide range of 5.5% to 9%

The Index -- India versus the rest of the world

Oil boom revives hopes of new US-Iranian ties

Soros denies involvement in Asian currency woes