
Monday, July 12, 1999
Inflation declines to 20-year low at 2.03%
The inflation rate dropped sharply to a record two-decade low of 2.03 per cent for the week ended June 26 as prices of food articles and primary commodities continued to decline.

Vijay Kelkar is elected IMF ED
Union finance secretary Vijay Kelkar has been elected executive director of International Monetary Fund (IMF) representing India, Bangladesh, Bhutan and Sri Lanka.

Canara Bank to appeal against BIFR order on ABCL
Canara Bank would appeal before the Appellate Authority of Industrial and Financial Reconstruction (AAIFR) against the July 9 order of Board for Industrial and Financial Reconstruction (BIFR) which declared Amitabh Bachchan Corporation Ltd (ABCL) as a sick company.

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