IDBI, ICICI and IFCI cut lending rates
Over a fortnight after the Reserve Bank of India's announcement of a bank rate, repo rate and CRR cuts, three financial institutions on Wednesday slashed their lending rates.

IDBI puts off meet on steel firms again
The Industrial Development Bank of India (IDBI) has once again postponed the "politically sensitive" steel sub-committee meeting slated to take place on March 18.

Rs 529-cr deficit in TN budget
Accent on development of state infrastructure, rationalisation of sales tax rates on a wide variety of items and renewed focus on information technology are the highlights of the Rs 529-crore deficit budget of Tamil Nadu for 1999-2000.

  China seeks details on traders not honouring credit letters
  Tamil Nadu plans samadhan scheme to mop-up tax arrears
  FIs divided over directors responsibility statement in accounts
  Finance firms urge RBI to form specialised funding agency
  Tea industry flays excise duty levy on bulk tea
  Excess regulation may not augur well for banking system, says WB official
  Centre to set up expert group on 8 PSUs revamp
  Resignations dharma calls for EU reform
  Centre to probe foreign travel expenses of Trai top brass
  Telecom policy may retain licensing regime
  British foreign secretary moots fresh set of economic sanctions
  Executive Briefing
  Govt sanctions Rs 52.35cr undercore sector plan
  Briefing
  Central Coalfields to convert Kargali tonon-coking washery
  Arunachal outlay up 6 per cent
  National Productivity Council to hold meet on competitivenes
  Centre sanctions Rs 52.35cr to boost exports
  TN budget ignores unbundling, feel IPPs
  SAIL subsidiary to charge lower power tariff than grid
  Reserve Bank to set up gold exchange
  AEPC for allowing 5 or more exporters to form co
  Financial briefing
  Nabard to issue bonds
  Railways restores wagon '98-99 orders at a reduced price
  Court move not a hindrance, says Dhoot
  Professionals may come under service-tax net, says Javed Chaudhary
  Australian minister backs food gene technology
  Lagan Jute develops jute drawing frame