Multi-level triggers to detect problems early -- RBI blueprint for closer monitoring of banks
TO strengthen the monitoring and supervisory system, the Reserve Bank of India is planning to introduce a system of Prompt Corrective Action (PCA) to detect and plug vulnerable chinks in the banking architecture.

Rejoicing over Rajkumar release
THIS was the real Diwali in Bangalore, coming a full 20 days late. But who cared. Annavru (big brother) -- Kannada super star Rajkumar -- and his nephew Nagesh have been finally freed after 108 days in captivity in bandit Veerappan's lair. Suddenly it wa s time to sing and dance again, even if it was on the streets.

Dalmias may raise offer to over Rs 50
THE Dalmias of Renaissance Estates Ltd (REL) are open to revising upwards the offer price for acquiring control over Gesco Corporation and make a counter to the counter offer made by the Mahindra-Sheth combine.

FIs signal hope for independent power projects
SEVEN power generation projects are set to achieve financial closure by the end of the year with the financial institutions and banks expressing their willingness to fund power projects in several States on the basis of "milestone lending". The issue of first charge on the receivables of State electricity boards raised by the State Bank of India is also close to be being sorted out.

Customs yield: Govt banks on oil price buoyancy
THE Government is now banking on the continued buoyancy in global oil prices over the next couple of months to reverse the current slowdown in customs collections during the current fiscal, a top Finance Ministry official said today.

A deadline that went up in gas -- Petronet leaves bidders in the lurch
PETRONET'S LNG shipping deal appears to have struck a reef. Just when things appeared headed for a successful finale on November 15, Petronet said `Time.'

Service tax interim report `finalised'
THE Government may consider specifying a negative list of sectors which will be out of the ambit of service tax in the ensuing Budget for 2000-01.

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