Orissa pulled up for mismanaging Steel Bond fund
The latest report by the Comptoller and Auditor General (CAG) pointed out that the mismanagement of Rs 130-crore Steel Bond fund by the Orissa government has resulted in a Rs 20.83 crore deficit in the bond money account as of March, 1997.

Call-money rates to hover around 8.25 per cent
After the Rs 4,600 crore outflow at the end of the previous week on account of government security issues, call money is expected to trade around 8.25% levels.

Another market for derivatives opens up
Thursday marked another landmark day for the Indian derivatives industry as the Reserve Bank of India (RBI) permitted rupee Interest Rate Swaps (IRS) in the over-the-counter (OTC) market.

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