RBI drafts new act to regulate finance firms
The Reserve Bank of India has drafted a new law--Parabanking Regulation Act--to regulate non-banking finance companies (NBFCs).

TN Seshan has a happy first session in Gujarat
By donning the symbolic Gandhi cap, former chief election commissioner TN Seshan has literally put cap on speculations as to who in the Congress could match LK Advani.

UP has little to cheer Congress up
With the BJP's original agenda now put on the backburner and no emotive issue like Ayodhya in sight, Uttar Pradesh with the highest number of Lok Sabha seats (85), is the focus of attention among poll watchers.

  Centre tightens grip on ailing PSUs bailout
  Banks, FIs to hold proportionate charge on fixed, current assets
  Sushma Swaraj may face the Bellary blues
  Executive Briefing
  Parochial Kerala Left harming secular forces at the Centre, alleges Congress
  Newsmaker
  Briefing
  Manmohan's volunteers take charge of campaign
  Trai reduced to playing role of tariff setter -- Sodhi
  Corporate espionage! Losses on virus attacks set to touch $15 bn
  Export body slaps notices on 27 seafood units
  CBI blocks 50 investors repayment under '93 gold plan
  I-T department spikes tax exemption plea of central reservation system firms
  Inflation rate inches up to 1.70 per cent
  Global steel output spurt to aid ferro chrome sector
  Gold loans by MMTC to increase imports
  Sugar makers may drag Centre to court on levy
  `Australia's second mine fetches high value diamonds but grades are lower'
  Normal rainfall likely over most parts
  Indonesia govt, parliament reach pact on oil, gas law
  Truck rates set to stabilise
  Demand growth fails to cheer cement units as prices stay low
  Iowa corn yield pegged at 141.8 bushels per acre
  Kazakhstan plans to sell oil industry stake
  Board plans to demarcate pollution-sensitive zones
  Calcutta docks witness steady arrivals of sugar
  Dairy body seeks tax sops in machineries
  Insurgent activities to take toll on Assam's tea sector
  Environment ministry supports Bamboo Board plan
  Southern mills opt for wheat imports to counter dumping from northern states
  `Powerloom sector denied fair export quotas'
  April-June cotton yarn shipments to Seoul up 530%
  Plantation exports fetch Rs 3,490 cr in forex
  Leather exports decline 10% at $266 m
  Imports curb spiralling float glass prices, but demand rises -- Traders
  Surge in global demand holds bright prospects for local insulator industry
  Mill owners moot plan to increase TN cotton output to 15 lakh bales
  Mill closures touched 90 last fiscal, says association
  Intel dealer to diversify into Internet services