MONEY & BANKING
FARM CREDIT
Softer loan regime for tractor sector
TRACTOR companies have welcomed the farmer-friendly policies indicated in the Interim Budget on Tuesday, stating that it would result in higher credit availability with the farmers. The industry has specifically displayed optimism about the ...
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INSIGHT
Fed's wordcraft roils markets
A rate rise still looks distant given the inflation - friendly data and a lack of job creation. In the end, the word substitution may turn out to be no more than mere semantics.
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BUDGET
Bankers guarded on viability of Budget proposals
WHILE bankers have generally welcomed the measures announced in the interim Budget to promote agricultural lending, some of them seem circumspect about how far these measures can be implemented. They view these measures as stop-gap arrangements ...
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FOREX
Returns on forex assets dip to 2.8 pc
THE returns on the country's foreign currency assets during 2002-03 (July-June) had fallen to 2.8 per cent from 4.1 per cent in the previous year. This excludes the capital gains less depreciation. The fall, according to the Reserve Bank of ...
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Rupee steady; bonds rally
MUMBAI: The rupee held steady on Tuesday with almost nil movement. The currency opened and closed 45.29/30 in its value against the dollar, at the same level as on Friday. "Although there were fresh dollar supplies the domestic currency ...
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INSURANCE
Cos, brokers cross swords over `direct biz' discount
CORPORATE houses and insurance brokers are at loggerheads over the discount to be allowed in case the company directly deals with the insurers. The Bengal Chamber of Commerce & Industry wants a free hand in dealing and negotiating with the ...
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Hotel federation pitches for `joint cover' scheme
CLOSE on the heels of the Union Tourism Ministry amending its guidelines towards the requirement of Public Liability Insurance coverage for different categories of hotels, the Federation of Hotel & Restaurant Associations of India (FHRAI) has ...
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STOCKS
Changes in BSE Bankex
Under this, the index committee of the exchange has excluded ING Vysya Bank from the index and included Kotak Mahindra Bank, UCO Bank, Indian Overseas Bank and J&K Bank, the exchange said in a statement. The changes will come into effect from ...
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DEBT MARKET
Jaswant breathes new life into debt markets
THERE was good news for the bond markets at long last, after the Finance Minister on Tuesday announced a lower borrowing target for the fiscal year 2004-05 in the interim Budget, in the wake of a lower fiscal deficit as a percentage of the ...
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CREDIT MARKET
SMEs welcome hike in bank credit limit
THE Finance Minister, Mr Jaswant Singh's steps to encourage the development of small and self-employed ventures by providing easier access to bank credit has been welcomed by the small and medium industry. Welcoming a host of proposals made in ...
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Cross Currency Rates
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