IMF adopts a code of good practices in bid to avert crises
The 182-nation International Monetary Fund has adopted a code of good practices aimed at providing more complete information on the financial health of individual countries as the first step in averting future Asian-style currency crises. The IMF said that the code was just one of the several initiatives it would pursue in the coming months to better monitor the economic activities of its member countries.
"Rich nations must restore cut in aid to developing countries"
Championing the cause of the Third World, finance minister Yashwant Sinha has urged the rich industrial nations to restore the cut that they had introduced in their foreign aid to the developing countries. Addressing the Development Committee, the policy-making body of the World Bank, he expressed "great concern" at the continued downward trend in the concessional assistance to developing countries.
Distribution key to success for Indian mutual funds: experts
Distribution is the key for bringing the Indian mutual funds industry in line with the huge success and popularity that the industry enjoys in developed markets, felt experts at the second day of the seminar on "Future of Fund Management in India".
Don't get fooled by stability of the Sensex
Staying around the trading circles in the week that went by was like being a like a cat on the hot tin roof. Passions tempted every one as scrips even in the B group kept moving up. At the same time the market risks were not small, leaving one with an uneasy feeling all the time.
