Financial Daily from THE HINDU group of publications
Monday, August 16, 2004

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PM sets tone for reforms — Focus to be on seven priority sectors
THE Prime Minister, Dr Manmohan Singh, today outlined a seven-pronged growth plan for economy to bring about reforms in the Government. Addressing the nation on the occasion of the 58th Independence Day, the Prime Minister spoke as a true ... More

Law soon to regulate clinical establishments
IF you are wondering whether your neighbourhood hospital or diagnostic centre is offering quality service, here is some good news. The Health Ministry is planning to come up with a legislation that will certify and set standards for clinical ... More

OBC chief allays fears of GTB customers
WITH all branches of the erstwhile Global Trust Bank (GTB) coming under the fold of the Oriental Bank of Commerce (OBC) from Saturday, the OBC top brass is busy in an exercise to boost the morale of the staff and customers of GTB. Welcoming the ... More

EPF rates — the number game
INTEREST rates on Employees Provident Fund (EPF) were brought down to 8.5 per cent earlier this week. Trade unions raised a hue and cry and threatened to launch agitations. The Minister was forced to clarify that the rate is only an "interim ... More

Advantages of freeing EPF investment
IT IS indeed ironical that the interest on employees' provident fund (EPF) has been cut by one per cent at a time when the bond market was doggedly expecting a rate hike. The Government claims that it is still paying a ... More

Rainfall still not enough, says IMD
RAINFALL in nine of the 26 meteorological sub-divisions in the country is still deficient despite good rains across the country from July-end reviving kharif crop hopes. According to the latest weekly weather report of the India Meteorological ... More

Post office is savers' best bet — Mop-up rises 32.45 pc in first quarter
THE post office continues to be a major attraction for savers, going by the 32.45 per cent higher collections under small savings schemes during the first quarter of the current fiscal relative to that mobilised over the same period of ... More

`The critical issue now is implementation of schemes' — Dr Montek Singh Ahluwalia, Dy Chairman, Planning Commission
The office of the Deputy Chairman of Planning Commission, the country's pre-eminent policy-making body, has gone into the hands of an economist of proven calibre and a seasoned bureaucrat who never belonged to the country's so-called steel ... More

`Due diligence on banks must before depositing'
OVER the next few months, the banking sector may well have to fasten its seat belts to ride out the rough weather in the wake of rising inflation, hardening of interest rates globally and several other trying issues. Industry experts contend ... More

Indices may head further south
On the whole, in the absence of a quick-fix solution to the inflation problem on the economic front and lack of buying interest on the floor, a correction is a likely scenario in the short term. More

Petro price hike, boon to State revenues
GALLOPING prices of petroleum products may have hit the common man hard, but for the cash-strapped State Governments, it is proving to be a blessing. This is the reason. Sales tax on petroleum products is levied at 20 per cent ad valorem ... More

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