New norms mooted for banks' exposure to capital market -- RBI-SEBI panel submits report
BANKS' exposure to the capital market could now be linked to total outstanding advances as against the existing norm of incremental deposits of the previous year.

World Bank loan may be sought for bank VRS
THE Ministry of Finance is working on the possibility of seeking a soft loan from the World Bank for the purpose of on-lending to public sector banks for financing their voluntary retirement scheme (VRS).

`More funds may flow into MFs'
THE move to delink banks' investments in capital market instruments from incremental advances and linking it with total outstanding advances will unlock large funds in the banking system which could flow into capital markets. This was the consensus among fund managers, stock brokers and dealers, Business Line spoke to.

Draft accounting standard on EPS
THE Accounting Standards Board of the Institute of Chartered Accountants of India (ICAI) has issued an exposure draft of the proposed Accounting Standard on `Earnings Per Share'.

Consensus on consultant for Railtel eludes task force
THE broadbased task force appointed to shortlist a consultant for mapping out a business plan and suggesting a capital structure for Railtel Corporation -- the new Railway telecom venture -- has failed to arrive at a consensus on the choice of t he consultant.

Cenvat credit on pre-Budget tyre clearances
THE Finance Ministry has permitted all motor vehicle manufacturers to take Cenvat credit on the special excise duty (SED) paid on automotive tyres and tubes cleared before this year's Budget and received by them after March 1, 2000.

Avoid stepping on the Web bugs
YOU are probably a conscientious Netizen who religiously deletes all spam mail the minute you spot them, including those that promise handsome rewards for forwarding such mails, with the threat of a `technology' that tracks where that mail goes.

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