Thursday, January 28, 1999
Reserve Bank spikes Khan panel suggestions
The Reserve Bank of India has ruled out any change in the role of development finance institutions (DFIs) in the immediate future. The issue of DFIs transforming into banks should be taken up after five years, the RBI said in its discussion paper on "harmonising the role and the operations of DFIs and banks" released on Wednesday.
Sinha may trim subsidies in Budget
Finance minister Yashwant Sinha on Wednesday hinted at drastic cut in subsidies in the forthcoming budget as a measure to check the growing fiscal deficit.
Canbank Mutual Fund to float two debt schemes in March
Canbank Mutual Fund is likely to float two new debt related schemes -- Canbank income scheme and a money market related scheme -- by early March 1999, subject to Sebi approval.
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