Monday, April 19, 1999
Reserve Bank sets up panel to chalk out regulatory norms for FIs
After introducing on-site supervision for development financial institutions, the RBI has gone one step ahead and decided to "regulate" financial institutions in a more systematic manner.
VSNL plans two ventures with BT for marketing and Internet
Videsh Sanchar Nigam Ltd (VSNL) is close to sewing up two 50:50 joint ventures with global telecom powerhouse British Telecom, one for marketing and providing hubbing facilities for the region and the second for creating an Internet backbone for the country.
Opposition wrestles with alternative setup
Confusion persisted over the formation of the new Government with no clear-cut outline emerging as regards the nature and shape of an alternative set-up even as political parties intensified efforts to arrive at a settlement.
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