The Financial Express -- News

Sunday, November 30 1997

Brokers queue up at NSDL to learn the ropes

Stock brokers have finally decided to step into the paperless environment in a big way. In view of the January 15 deadline when institutional investors will be forced to trade only in demat shares, a total of about 1,600 brokers and their staff have lined up for receiving training from the National Securities Depository Ltd (NSDL).

Reforms to roll on, says Ramaiah

Union commerce minister BB Ramaiah yesterday said that the ongoing political developments would affect the economy as it has generally suffered heavily due to political uncertainties. However, he made it clear that the economic reforms which are "irreversible" would continue. Ramaiah also commented that the political instability would hit foreign investments in the short-term.

CII favours dereservation of food industry

The Confederation of Indian Industry (CII) has called for dereservation of the food industry. Out of the 800 and more items reserved for SSIs, about 15 relate to the food industry including bread, biscuits, ice-cream. The CII has also decided to undertake an awareness campaign among the entrepreneurs in the country about the unexploited opportunities in the food industry.

Bank of Japan floods market with liquidity

CBDT urged not to review VDIS certificates of gold, silver declarants