Financial Daily from THE HINDU group of publications
Sunday, May 30, 2004

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RBI's new rules do not inhibit bank dividends
ON April 27, the first day of trading after the RBI notified its rules governing dividend declaration, Bankex, the free-float banking sector index, dropped 3.8 per cent. The index lost more than that of the market as the interpretation then was ... More

Chidamabaram allays investors' fears
INVESTORS should take market fluctuations in their stride but the Government over the next month will help allay their fears, assured the Union Finance Minister, Mr P. Chidambaram. He was responding to a query from presspersons here on Saturday ... More

Working group moots RBI divesting stakes in DFIs
SHOULD the Reserve Bank of India continue to hold majority stake in NABARD and National Housing Bank (NHB)? No, says the report of the Working Group on Development Finance Institutions (DFIs), which was released here on Saturday. In a ... More

Paswan directs PSU steel companies to publish prices — Rules out divestment of Manganese Ore, SIL
TO PREVENT steel traders from misleading consumers regarding steel prices and to bring in transparency in steel prices, public sector steel units would henceforth publish the prices of various categories of steel items in the regional newspapers ... More

Forex reserves drop $56 m after 4-month surge
FOR the first time in four months, the foreign exchange reserves of the country have registered a fall, albeit marginal. The forex reserves fell by $56 million to $118.572 billion for the week ended May 21, with the FIIs' exit from the bourses ... More

M.K. Narayanan appointed Special Advisor to PM
THE Government today appointed retired IPS officer Mr M.K. Narayanan as Special Advisor to the Prime Minster, Dr Manmohan Singh, along with six new secretaries in Central Ministries. Mr Narayanan, who would hold the rank of Minister of State, ... More

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