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Briefing
Oil slips on grim global forecast
Oil prices headed lower for the third session in a row on Tuesday, weighed down by signs that demand growth this year could be depressed by a widespread economic slowdown. London Brent blend dipped 30 cents to $28.70 a barrel and the US light crude, off more than 50 cents on Monday, retreated another 26 cents to $30.25 a barrel. Crude came under renewed selling pressure on Monday as the International Energy Agency, cut outlook for growth in oil demand this year because of widespread economic weakness. Nabard plan for Jharkhand
The National Bank for Agriculture and Rural Development (Nabard) has drafted a potential linked plan (PLP) of Rs 1,405 crore for Jharkhand. Presenting the focus paper on the PLP for Jharkhand, Nabard Chief General Manager, JM Mathew, stressed the need for strengthening the rural credit delivery system to ensure smooth flow of credit for agricultural and rural development in the nascent state. To this end, Mr Mathew said, gearing up of rural financial institutions, particularly the credit cooperatives was imperative. Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
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