Wednesday, July 21, 1999
Short-term interest rates still firm despite drop in inflation
Contrary to corporate expectations of a drop in lending rates following the steep fall in the inflation rate, all short-term interest rate indicators have been pointing to a marginal upward movement since March.
Corporate tax collection drops 2.82% in Q1
Corporation tax collection has registered a negative growth in the first quarter of the current financial year over the same period last year. It has gone down by 2.82% in the first quarter.
Reserve Bank chalks out new system to rate foreign banks
After initiating the rating exercise for state-run banks, the Reserve Bank of India has turned the heat on foreign banks operating in the country.
|
|
