The Hindu Business Line : Sunday, May 05, 2002

Govt still undecided on separate regulator for urban co-op banks
THE Finance Minister, Mr Yashwant Sinha, today said that the Centre was examining the Reserve Bank of India's (RBI) proposal to set up a separate `apex supervisory body' to take over the entire regulatory and inspection functions relating to ... More

New norms for urban co-op banks on gilts dealings
THE Reserve Bank of India has issued new instructions to urban co-operative banks on their dealings in Government securities. In a recent circular issued to the chief executives of urban co-operative banks (UCBs), RBI has told the banks not to ... More

Forex reserves rise $243 m
THE country's forex reserves continued to gain, rising by $ 243 million to $ 55.316 billion for the week ended April 26, 2002 as compared to $ 55.073 billion in the previous week, as per latest figures released by the RBI. Foreign currency ... More

`Quadrilateral project ahead of schedule'
THE 5,846-km Golden Quadrilateral (GQ) and the 7,300-km North-South East-West Corridor projects will be completed one year ahead of the schedule, respectively in 2003 and 2006. The Union Minister of State for Road Transport and Highways, Maj. ... More

Copper exports drive Indo Gulf net up 16%
EXPORTS, volume growth and cost reduction measures have helped Indo Gulf Corporation Ltd to end 2001-2002 with a 16 per cent increase in net profit at Rs 296.2 crore (Rs 251.7 crore). Net sales for the year rose by 23 per cent to Rs 2,706.2 ... More

Top brass of Malvika Steel quit board
IN a significant development, key board members of Malvika Steel Ltd including the company's Chairman, Dr S.K.Gupta, have quit as directors of the company. The other members of the board who have submitted their resignations are Dr Bhaskar ... More

`Animal welfare' ball in PETA court
The industry said that boycotting the Indian leather industry is not going to positively impact animal welfare. More

Can Ranil convert the `feel-good factor' into economic benefit?
THE international goodwill that the Wickremesinghe Government has generated for its peace initiative is palpable in Colombo. While there is disappointment at the strong reaction in India to the LTTE chief's press conference on April 10, and ... More

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