ECB access for pvt refining cos likely
THE Finance Ministry and the Reserve Bank of India is set to permit access to external commercial borrowings (ECBs) under the short-term window for Indian private refining companies also for financing their crude oil requirements.

World Bank calls for `relook' at IPP bulk power purchase contracts
THE World Bank has advised State Governments and their respective electricity boards/power transmission corporations to examine exit possibilities from some of the high-cost power projects.

IDBI offers royalty premium to lakhpati bond-holders
IDBI has decided to offer a `royalty premium' of 25-50 basis points (0.25-0.5 per cent increase in interest rate) to investors switching their Deep Discount (lakhpati) bond redemptions to the institution's fixed deposit (FD) programme.

BoB, FIs combine to tackle common NPAs in combined manner
BANK of Baroda (BoB) has joined hands with financial institutions such as IDBI and ICICI for a speedy recovery of dues from common problem accounts.

Govt decides to split DTS
IN an effort to appease the agitating members of the Indian Telecom Services Association (ITSA) while at the same time ensuring that the Government does not earn the wrath of the Indian Administrative Services (IAS) cadre, the Centre today decided to bif urcate the Department of Telecom Services (DTS) into two departments -- Department of Telecom Services (DETS) and Department of Telecom Operations (DTO).

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