The Hindu Business Line : Sunday, June 08, 2003

Ministry to frame new norms for overseas aid
IN view of the Government's decision to reduce bilateral aid flows, the Finance Ministry will be framing a new set of guidelines that will govern future bilateral flows to India. According to an official release, the Finance Secretary, Mr S. ... More

ACCOUNTING STANDARDS

Govt plans accrual-based accounting
THE Government is planning to institute an "accrual-based" system of public finance accounting in place of the existing "cash-based" system, a move that, analysts say, would widen the Government's fiscal deficit and bring out the true dimensions ... More

POLICY

Lanka ferry services okayed
THE Union Cabinet has approved a proposal for signing of a memorandum of understanding (MoU) between India and Sri Lanka in the field of passenger transport. The MoU sought to establish passenger services on an experimental basis between ... More

Govt to write off Rs 95 cr debt of poor countries
INDIA has decided to write off the dues of seven heavily indebted poor countries. They are Mozambique, Tanzania, Zambia, Guyana, Nicaragua, Ghana and Uganda. The dues amounted to Rs 95.44 crore as on March 31, 2003. An official release from ... More

SECURITY

HMAS Adelaide to visit Chennai
AN Australian Navy frigate, HMAS Adelaide, will visit Chennai from June 9-13 as a symbol of the constructive defence relationship between Australia and India. The vessel's visit coincides with a visit to India by the Maritime Commander of the ... More

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