The Indian Express -- Business

Friday, November 28 1997

FOREX RATES INDICES STOCK

RBI chief meets FM on rupee crash

The Reserve Bank of India (RBI) governor Bimal Jalan met finance minister P Chidambaram to work out a fresh exchange rate management strategy in the light of the sharp devaluation of the rupee this week. Finance secretary Montek Singh Ahluwalia was also present at the discussions.

"Insurance autonomy cosmetic"

The new autonomy package announced yesterday for the insurance industry, consisting of six companies -- General Insurance Corporation (GIC) and its four subsidiaries, and Life Insurance Corporation (LIC) -- completely lacks substance, say insurance officials.

TAC moots 25% cut in motor insurance premia

The hike in motor insurance premia, which led to a crippling truckers strike earlier this year, may be reduced. The Tariff Advisory Committee (TAC) of General Insurance has recommended to the government that the hike can be reduced by 25-50%. This is a first of sorts as the TAC does not revise its recommendation once they are made.

Bizbits -- Century posts Rs 21 crore loss

Sensex zooms 93 points

Morgan Stanley sees rise in FII investments in India

"Insurance autonomy cosmetic"

HPCL profits, sales rise

CESC incurs huge loss

TAC moots 25% cut in motor insurance premia

RBI chief meets FM on rupee crash

Western Paques offices sealed

Nirma puts off mega issue plans

SEBI probe into Chhabria stake in Hebertsons