M3 shoots up on exports refinance, repos arbitrage
The increase in reserve money stood at 17% on a year-on-year (YoY) basis as on January 1, 1999. While attention has so far been focussed on the growth in Reserve Bank of India's credit to the government, there is one other area which has witnessed phenomenal growth: Export refinance.

Icra assigns LAA rating to Maharashtra coffers
Rating agency Icra has assigned an LAA rating to the finances of the Government of Maharashtra. The rating reflects Icra's opinion on the general financial obligations of the state government and constitutes a sub-sovereign rating cap on the obligations of its undertakings and constituent entities.

Centre urged to invite private sector in infrastructure
The Indian Merchants' Chamber (IMC) has urged the Centre to withdraw from the telecommunications, ports and power sectors in a phased manner and invite private sector participation in a big way.

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  World Briefing
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  Executive Briefing
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