Advocating the need for an Act on MFs
Ancient history -- the single rule empire of the Unit Trust of India (UTI), medieval history would entail the advent of public sector bank-sponsored mutual funds, the framing of Sebi (mutual funds) regulations and entry of private sector mutual funds.

Tough options in oil
The government's new exploration and licensing policy (NELP), inviting private initiative in oil exploration, has fallen short of attracting raving enthusiasm.

Virtual solutions
Long after the groups on Internet trading set up by Sebi become functional, there will still be many stock exchange managements and brokers who will, ostrich-like, continue to regard Internet trading as a distant phenomenon.

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