
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.
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