Wednesday, August 25, 1999
RBI warns on deficit, optimistic of recovery
The Reserve Bank of India has forecast the country will enter the next millennium with an improved economic prospects with stability, but warned the government on the alarming rise in gross fiscal deficit, public debt and worsening state finances.
RBI cautious on state finances again
The State Governments are facing severe fiscal stress as evidenced by the deterioration of major deficit indicators like gross fiscal deficit (GFD), revenue deficit and conventional deficit, warns the Reserve Bank of India (RBI) in its annual report.
Sebi gears up for rolling system
The working group on rolling settlement would consider the risks involved in the T+5 settlement system and take a fresh look at risk management in the changed scenario, Securities and Exchange Board of India (Sebi) executive director, Pratip Kar said.
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