|
RBI
accepts 7 bids for Rs 18,160 cr at one-day repos auction
A surfeit of liquidity in the run-up to the Reserve
Bank of India’s (RBI) monetary review on April 19 saw the central
bank accept seven bids for Rs 18,160 crore at its one-day repos auction
on Wednesday. A perk up in liquidity has been witnessed since the beginning
of this month with repos-outflows moving up from Rs 8,000 crore on end-March
2001 to its current levels. Reasons attributed to the same range from
the ubiquitous winding down of window-dressing by banks, coupon payments,
and purchase of dollars by the central bank.
NIOC to conduct
feasibility study
THE National Iranian Oil Company (NIOC) has hired an international consultant
for conducting a joint feasibility study on the viable route for the Indo-Iran
gas pipeline project.
ICSI for mandatory compliance
audit for listed corporates
THE Institute of Company Secretaries of India (ICSI) has proposed compliance
and secretarial audit mandatory for all listed corporates. The institute
has written to the Department of Company Affairs (DCA) to look into the
matter.
International
consortium for gas pipeline suggested
PAKISTAN and Iran on Wednesday made a strong case for an onland gas pipeline
from Iran to India via Pakistan by suggesting formation of an international
consortium, with participation from Iran, India and Pakistan besides multilateral
agencies for managing the pipeline.
Resist
unilateral approach to solve economic issues: PM
IN an obvious attack on the industrialised nations for trying to forge
a “digital divide,” Prime Minister Atal Behari Vajpayee on Wednesday
asked developing countries like Iran to join India in resisting unilateral
approach in resolving economic issues.
‘No scenario
to take reforms forward’
THE much-hyped reforms process of the last 10 years has been a very halting
one. There has been no worthwhile disinvestment policy, no investment
policy and no planned infrastructure spending. In fact, the government
of India has failed in terms of political governance.
‘Lack of governance’ worries
panel members
ALTHOUGH there was no unanimity among the members of the Madhav Godbole
energy review committee over the institution of a judicial probe on Dabhol
project, it was concerned by the numerous infirmities in the process of
approval granted to the project and consistent lapse of governance.
Dabhol project crisis may force
Maharashtra to declare Plan holiday
THE Maharashtra government, which is facing severe financial crunch,
will have to declare a plan holiday in view of an annual burden of around
Rs 6,000 crore due to the Dabhol project.
|
