Financial Daily from THE HINDU group of publications
Sunday, September 05, 2004

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We will soon gain mastery over inflation: Manmohan
"I cannot authoritatively pronounce the right mix of fiscal and monetary policy. Monetary policy is the preserve of the Reserve Bank of India. Both the RBI and the Finance Ministry are alert to the problem." More

Rising input costs drive FMCG, food firms up the wall
Not only are companies facing the pressure in terms of transportation and the cess, even raw material prices have hit the roof due to erratic monsoons this year. More

Tech funds make a comeback
IN a turnabout that few would have expected, sector funds dedicated to IT stocks have emerged as the best performing class of equity funds for the past year. IT sector funds have delivered returns of between 49 and 62 per cent over the year. ... More

RBI proposes `cluster approach' on SSI credit
WITH a view to enhance flow of credit to the SSI sector, the Reserve Bank of India has asked banks to adopt a "cluster-based" approach to cater to the diverse needs of small and medium enterprises. A full-service approach to meet the needs of ... More

Customs says cash, no DEPB licence
ALMOST all customs houses have stopped accepting DEPB (duty entitlement passbook) licences for clearance of imported vegetable oils and are insisting on cash payment of customs duty. However, there is no evidence of written instructions from ... More

Forex reserves decline by $1.37 billion
THE country's forex kitty declined for the third week in a row, with reserves shrinking by over $1 billion in the last week of August. Forex reserves plunged by $1.37 billion for the week ended August 27, to touch $117.522 billion, as per RBI ... More

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