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Friday, April 23, 1999

Jalan-Kelkar discuss possibility of interest rate cut
RBI governor Bimal Jalan met finance secretary Vijay Kelkar on Wednesday to discuss the nuances of the new credit policy. The duo examined the possibility of nudging banks to lower interest rates in order to bring down the cost of funds for the economy.

Telecom panel chief clears air over policy
Setting at rest speculation over the fate of the new telecom policy, Telecom Commission chairman Anil Kumar on Thursday said that the policy formulated by the BJP-led alliance was not subject to compulsory review.

Lok Sabha clears Finance Bill, railway budget
The Union budget, including the Finance Bill and the railway budget, were passed in the Lok Sabha by voice vote on Thursday, removing apprehensions of an impending financial crisis.


Inspirations furnishing fabrics


  Flaws sharpen U.S. resolve to reform crop insurance
  Sector rotation to increase mining resource shares
  Asian metals may recover this year -- Economist
  Indonesia to maintain top LNG exporter slot
  INS regrets strike
  CAG raps State for failure torecover Rs 4,265 cr tax dues
  Consolidation in equipment supplier industry soon
  Higher trading earnings benefit three large banks
  A perfect balancing foil -- Iris study
  Banks, FI sue vintage car collector Bhogilal to recover Rs 100 cr
  State loan mops up Rs 6,933 cr
  RBI directs FIs to introduce ALM system by October 1
  Financial briefing
  Executive briefing
  Kissan Credit Cards to top priority of Nabard
  Congress may be forced to put reforms on hold
  RBI asks FIs to treat preference shares as Tier-I with riders
  CII welcomes passage of budget
  Rubber Park pares project cost; ties up funds
  Single-window clearance for Haldia Petro's downstream projects
  CESC tops defaulters list of Bengal SEB
  Commodity Briefing
  OCC may have to foot petroleum freight bill for 19 days
  Mumbai Port registers sharp decline in surplus



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