The Hindu Business Line : Monday, February 11, 2002

Govt tapping overseas market to retire dollar loan
THE Government is on course to carrying out its first overseas market borrowing aggregating over $100 million in the form of refinancing of a clutch of foreign currency bilateral loans. State Bank of India has been mandated to carry out the ... More

`Dollar/Re to be firm, next resistance at 48.76'
THE dollar climbed higher against the rupee in an orderly manner in the foreign exchange markets last week. A feature of the rally was a slow, steady movement, with a sharp spike in the dollar followed by a pull-back (rewarding the short-term ... More

NBFCS

Panel likely to review nidhi norms
THE Government is actively considering constituting an expert committee to examine the issues raised on the prescribed norms notified by the Department of Company Affairs (DCA) for the nidhis or mutual benefit societies (MBS). In August last ... More

LIFE INSURANCE

Changes in tax regime for life insurers likely
CHANGES in the taxation structure on the profits of the life insurance business are on the cards. The Finance Ministry is planning to incorporate some of the recommendations of the Eradi Committee on the taxation of the life insurance sector in ... More

GENERAL INSURANCE

PSU insurers trim third-party cover
PUBLIC sector insurance companies have begun cutting back on third-party insurance cover for commercial vehicles. This is part of a strategy to make the core business of underwriting profitable. Sources said that this move had already been put ... More

Murugappa plans tie-up in insurance
THE Chennai-based Murugappa group, which has promoted a company for the general insurance business, is likely to get into a `technical tie-up' for accessing expertise, a senior official of the group told Business Line. The group is the ... More

INTEREST RATES

Funds see interest rates falling
THE great Indian debate over controlled interest rates rages on, and mutual funds are increasingly throwing their hats into the ring. While each player has its favourite argument, there is convergence on one point: administered rates will stand ... More

GOVT BONDS

The next target is 7.10
The forex market has ceased to be a source of fear for bond traders. The RBI reserves have gone up by a whopping USD 300 million in a week that saw the rupee depreciate. Hence, the depreciation is clearly happening at the behest of the central bank, in its bid to adjust the REER More

Long-term securities in limelight
BOND yields continued their untrammelled downtrend last week on the back of record low inflation numbers and the liquidity build-up in the financial markets. The 10-year yields closed the week at 7.43 per cent. The previous week 10-year yields ... More

PERFORMANCE

Performance measurement index for banks
PROFITABILITY as a measure of performance is widely accepted and used by bankers, financial institutions, management, company-owners and other creditors as they are interested in knowing whether or not the firm earns substantially more than it ... More

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