Financial Daily from THE HINDU group of publications
Sunday, August 24, 2003

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RBI cuts repo rate to 4.5 pc
IN a surprise move, the Reserve Bank of India today cut repo rate by 50 basis points to 4.5 per cent. Repo rate is the short-term interest rate at which banks can park their funds with the central bank. On Saturday, RBI announced that " in ... More

Banks may drop deposit, lending rates
BANKS are likely to cut deposit rates following the 50 basis point cut in the repo rate by the RBI on Saturday. Several banks, both public and private sector, will be convening their asset liability committee meetings next week to discuss the ... More

RPG Cellular goes to court against Vodafone stake sale
RPG Cellular Services, one of the cellular service providers in the city, has gone to court to prevent Vodafone plc of the UK from selling its stake in the company to the Chennai-based Sterling group promoted by Mr C. Shivasankaran, through an ... More

In ITES rewarding performers with variable pay is the new mantra
JUST after three months into her first job at a leading call centre, Ms Surabhi Singh got her first hike: Rs 2,000 as "performance incentive". That took her take-home salary to over Rs 10,000 and now, as she is completing her sixth month, Ms ... More

Pension regulator, new scheme get nod
THE blueprint for the new pension system in the country got the Union Cabinet's assent on Saturday. It is to be initiated by the setting up of an interim Pension Fund Regulatory and Development Authority (PFRDA) through an executive order. The ... More

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