Wednesday, January 6, 1999
Sinha turns to finance panel for economic bliss
Finance minister Yashwant Sinha has urged the Eleventh Finance Commission to suggest ways and means to restructure public finances of both centre and states in order to restore budgetary balance and maintain macro economic stability.
Crisil downgrading will not affect investment, says Joshi
Reacting to Maharashtra being downgraded by Credit Rating Information Services of India (Crisil), Chief Minister Manohar Joshi on Tuesday said it will not adversely affect investment prospects in the State.
Savings rate cut to boost FIs
The recent interest rate cut on small savings schemes of the government like National Savings Certificates (NSC) has come as blessing in disguise for the financial institutions which have been struggling to get subscriptions to their retail bond issues.
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