Thursday, April 15, 1999
General insurance sector premium income jumps 15% to Rs 8,788 cr
The total premium income of the general insurance industry consisting of New India Assurance, United India, Oriental Insurance and National Insurance has gone up by 15% to Rs 8,788 crore in 1998-99, indicating the first signs of revival in the Indian economy.
M3 growth is a cause for concern -- Bankers
The rise in money supply (M3) way above the Reserve Bank of India's target will have a major bearing on the framing of the monetary policy for the first half of fiscal 2000, bankers said. M3 growth which rose to a high of 20.6 on August 28 tapered down to 18.6% on March 12, 1999.
CPT cargo offtake at a new high of 29.38 mt
Calcutta Port Trust (CPT) has handled a traffic of 29.386 million tonne (mt) during 1998-99 fiscal, which is the highest in its 129 years history. The previous highest at 28.140 mt was recorded during the previous fiscal.
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