The Hindu Business Line : Wednesday, February 16, 2005

The dollar dilemma — Is US current account a global responsibility?
THE US Treasury Secretary, Mr John Snow's remark that the "US current account deficit is a shared responsibility" has thrown open a debate on what and how much should the global central banks do in the current ... More

Markets fixed on Greenspan testimony
That bond yields have tanked despite surging energy and commodity prices is a puzzle. More

FOREX

Rupee falls as banks go aggressive on $
Aggressive buying by a number of state-run banks saw the rupee close at 43.83/83 against the previous finish at 43.76 levels. A dealer with a private bank said $200-300 million was being bought on an average in each session. "While the exact ... More

HOUSING FINANCE

NHB seeks easier access to ECBs
THE NATIONAL Housing Bank (NHB) has sought relaxations in the external commercial borrowing (ECB) norms to enable it to access the overseas market. It has told the Finance Ministry that accessing the overseas market would result in lowering its ... More

LIFE INSURANCE

ING Vysya Life ups paid-up capital
ING Vysya Life Insurance Co today said that its premium income for calendar 2004 rose 312 per cent to Rs 151 crore with new business on annualised premium increasing by 280 per cent to Rs 126 crore. Announcing the results for the year here, Mr ... More

Overseas operations plans — LIC in pact to set up joint venture in Saudi Arabia
LIC is all set to expand its overseas operations, especially in West Asian and African countries. The corporation has entered into agreements with New India Assurance and Al Hokair of Saudi Arabia to set up a joint venture company in that ... More

LIC likely to hike equity exposure of investible funds
LIFE Insurance Corporation (LIC) is considering raising its investments in equities to 10 per cent of its investible funds from the existing 8 per cent. ``Our equity exposure is about 8 per cent of the investible funds. If opportunity comes, we ... More

GENERAL INSURANCE

`Motor insurance detariffing unlikely soon'
THE Insurance Regulatory and Development Authority Chairman, Mr C.S. Rao, today said that there might be a delay in detariffing the motor insurance business. The IRDA had earlier set a deadline of April 2005 to dismantle the tariff regime for ... More

FOREIGN DIRECT INVESTMENT

Fresh Left pressure on FDI cap hike
PUTTING fresh pressure on the Government to drop the proposal to raise the banking FDI cap to 74 per cent and lifting the voting rights cap, left parties on Tuesday sent a communication asking it not to give effect to the proposals through the ... More

FINANCIAL INSTITUTIONS

Wagon shortage forces IRFC to borrow less
AT a time when the economy is on song, the familiar old story of the country's creaking infrastructure not keeping pace with resurgent industrial growth has resurfaced. After the congestion at major ports, it is rail traffic that is now bursting ... More

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