BSE, NSE to disable terminals for Y2K non-compliance
Acting on a directive from the Securities & Exchange Board of India, the Bombay Stock Exchange and the National stock exchanges have decided to disable terminals of members who are not Y2K compliant by June 30.

BSE provides exit route to small investors
In a strategic move aimed at providing an exit route to small investors holding physical shares in the scrips mandated for compulsory demat delivery, the Bombay Stock Exchange has decided to allow investors to deliver up to 500 shares in physical form or Rs 25,000 in value, whichever is less.

RBI pegs lower YTM for 10-year paper at 12.05%
The Reserve Bank of India has pegged the year-end yield to maturity (YTM) of the ten-year central government paper at 12.05 per cent for fiscal 1999. This is ten basis points lower than the YTM for the same maturity paper fixed in the previous year.

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