Wednesday, March 3, 1999
Housing finance companies set to slash rates
Housing loans will become cheaper with the Reserve Bank of India's decision to cut the cash reserve ratio (CRR), bank rate and repos rate close on the heels of finance minster Yashwant Sinha's package of incentives for the housing sector. Housing finance agencies led by HDFC, LIC Housing, GIC Housing and SBI Home Finance and banks are expected to cut interest rates on their loans over the next few days.
AIIEA collects over 1 cr signatures against IRA Bill
The All India Insurance Employees' Association (AIIEA) on Tuesday claimed to have collected over 1.35 crore signatures from the public against the Insurance Regulatory Authority (IRA) Bill, 1998, as part of its campaign against any move to privatise the insurance industry.
Ministry to unwrap action plan for pollution control
The ministry of environment will soon announce a National Action for control of pollution. Separate action plans have been prepared for Mumbai, Calcutta and Chennai. The ministry is about to release a white paper on the National Environment Policy as well. In another move, a National Environment Appellate Authority will be constituted.
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