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Saturday, July 03, 2004

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RBI drafts ownership norms for pvt banks
THE Reserve Bank of India has proposed to cap the equity stake held by Indian and foreign entities in domestic private banks. A set of radical proposals issued by the central bank today for public feedback, if implemented, will alter the ... More

The `coal truth' behind inflation missing the 6 per cent mark
IT is something everybody thought would happen, but did not really happen. And when it did not happen, it took everybody by surprise and sparked off a rally in bond prices. The benchmark 7.37-per cent, 2014 Government of India paper closed the ... More

IBA seeks new NPA norms for farm loans
Since farmers have defaulted for no fault of their own, banks suggest that the rescheduled asset should be considered as a `standard' asset and no provisions need be made for it. More

SEBI fails to PIN down market participants
UNIQUE Identification Number (UIN) — the Securities and Exchange Board of India's (SEBI) exercise to fingerprint, photograph and identification of market participants ended its first phase with 43,000 numbers as against a target of 70,000. ... More

`CAs must not look for protection from global competition'
THE Centre has made it clear to the chartered accountants that they should not look for "protective cover" against competition from foreign service providers. At the same time, the Government has also assured them that "reciprocal arrangements" ... More

Tax collections up by 20.25 pc in April-May
THE Central Government's gross tax collections in the first two months of the current fiscal increased by 20.25 per cent to Rs 17,297 crore compared to Rs 14,384 crore in the same period the previous year. Net tax collection in the first two ... More

GSM mobile roaming charges on the rise
CELLULAR roaming charges are witnessing steady increase away from the glare of consumers. From a low of Rs 1.99 a minute in 2003, the roaming charges have now climbed to as much as Rs 6 a minute. Operators blame the rise on the imposition of ... More

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