The Hindu Business Line : Sunday, April 06, 2003

RBD palmolein import at lower duty ruled out — Finance Ministry no to States' proposal
"Under the present liberalised trading environment, it is not desirable to allow state-owned trading companies to import at a lower duty, since this would discriminate against the private trade. In any case, RBD palmolein imports are under the open g eneral licence," Ministry officials pointed out. More

Jalan moots 5 steps to strengthen banks
DR Bimal Jalan, RBI governor, today prescribed a five-pronged strategy to further develop and strengthen the Indian banking and financial sector. "The first priority is to build a competitive and open financial sector. I am in favour of free ... More

SEs asked to allot unique client codes to MFs, FIIs
CLOSE on the heels of T+2 rolling settlement coming into effect from April 1, the Securities and Exchange Board of India has directed all the stock exchanges to generate a unique client code for mutual funds and each scheme of a mutual fund, ... More

Forex reserves up $984 m on more inflows
PROPELLED by substantial trade flows and NRI remittances, the country's forex reserves have surged by nearly $1 billion, according to the latest figures released by the Reserve Bank of India. For the week ended March 28, reserves gained $984 ... More

L&T clinches $100-m deal in W. Asia
WHILE the Gulf States have been gripped by war tension, Larsen & Toubro has clinched a $100-million business deal in West Asia. L&T was awarded a contract last week by Qatar Petroleum for building two offshore oil field platforms. L&T has ... More

Durgapur Steel to see profit again, after 28 years
WHEN it happened the last time during the National Emergency in 1976, no one probably realised that it would not occur again in nearly three decades. One is talking about the Durgapur Steel Plant notching up a net profit, which is once more being ... More

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