Financial Daily from THE HINDU group of publications
Tuesday, April 30, 2002

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CRR cut to 5 pc; Bank Rate unchanged in Credit Policy -- Jalan takes no risks
REFUSING to take a gamble, Dr. Bimal Jalan, RBI Governor, stayed put today, leaving cuts in Bank Rate and CRR for the future. The RBI trimmed the cash reserve ratio (CRR) for banks by 50 basis points to 5 per cent effective June 15 even as it ... More

`FII in pvt banks at Govt discretion'
FOREIGN institutional investment (FII) in private sector banks will be at the discretion of the Union Government while foreign direct investment will be limited to 49 per cent. This will be applicable even if an investor (FDI) were to make open ... More

A `spread' that may hit bank profitability
THE Monetary and Credit Policy for 2002-03 does not contain any measure that would significantly boost the profitability of banks. The expected cut in the interest rate on savings bank accounts, which in turn would have boosted profitability, ... More

All pointers to softer rates: Sinha
THE Finance Minister, Mr Yashwant Sinha, has said that RBI's Monetary and Credit Policy is indicative of a softer interest rate regime. Welcoming the 50 basis points cut in CRR, Mr Sinha said, "The reduction is a good decision. I welcome the ... More

Paswan quits ahead of crucial Gujarat vote
FRESH uncertainties have arisen about the stability of the Vajpayee Government following the resignation from the Union Cabinet of Mr Ram Vilas Paswan, Minister for Coal. In informal remarks to the media shortly after submitting his resignation, ... More

IOC, Reliance, Nirma bid for IPCL stake
INDIAN Oil Corporation, Reliance Industries Ltd and Nirma Industries Ltd have submitted price bids for acquiring a controlling stake of 26 per cent in Indian Petrochemicals Corporation Ltd (IPCL). The price bids submitted by the three bidders ... More

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Top Stories
IOC, Reliance, Nirma bid for IPCL stake

Banks asked to adopt flexible interest rates

No more rollbacks: Sinha

CRR cut to 5 pc; Bank Rate unchanged in Credit Policy -- Jalan takes no risks

Paswan quits ahead of crucial Gujarat vote

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Apr. 21-Apr. 27
Bank on security rules to tackle armed attack

Patkar to support KGF, Kudremukh causes

Contract farming fine but not corporate: Ajit

TRAI nod unlikely for free limited mobility pricing

New depository fees: Small investors to take a big hit

Bharti makes international calls up to 40 pc cheaper

`Speculative' deals to be redefined

Investment cap on relief bonds for retirees goes

DoT alarmed by phone surrenders

New routes for tax evasion -- Debt tools misuse under scrutiny

Reliance Q4 net dips 11.5% to Rs 672 cr

Host of rollbacks coming -- Dividend tax norms to stay with sops for shareholders

New motor insurance tariffs by mid-May

MIP '97 redemption -- SEBI to ask UTI to meet shortfall from reserves

Sinha treads `middle' path softly

Rollback leads to rise in tax saving scheme yields

Revenue Dept puts together comprehensive relief package -- Section 80 L benefits restored

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