Financial Daily from THE HINDU group of publications
Saturday, September 07, 2002
Markets (Sept. 6)
BL 2501083.23 (-13.43)
BSE Sensex3141.11 (-40.36)
S&P CNX Nifty995.20 (-13.40)
Dollar (Buy/Sell)48.53/48.66
Gold Std (10 gm)5240 (+40)

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ECONOMY - A PERSPECTIVE


Falling income velocity, rising money multiplier — A worrying paradox
ACCORDING to monetary policy, the Reserve Bank of India has to operate through the variations in reserve money to influence changes in the money multiplier. By influencing the rate of interest, especially in the short run, it influences the ... More

VIEW POINT


Politics of disinvestment
IT IS some relief that the BJP, as a party and as a partner in the NDA coalition led by Mr Atal Bihari Vajpayee, has chosen to defend the Government's current line on disinvestment, especially given the views expressed by the new Samata Party ... More

E-DIMENSION


Simple answers to complex questions
AN interesting `special report', Tax simplification — Issues and options, appears in Tax Notes, dated a day before the WTC towers were hit. William G. Gale of Brookings Institution is the author of the report. His intro ... More

SAY CHEEK


  • The foreign angle

    ON MINT STREET


    Are tax-free bonds necessary?
    THE Finance Ministry is keen on swapping its high cost borrowings with low cost paper while at the same deciding to borrow from the market (Oct.1) at yields out of alignment with market trends. The 6-year Government of India tax-free bond bears a ... More

    ALL LAW


    Authority to maintain funds for quake relief
    IN reaction to the earthquakes that hit Gujarat in 2001, a new sub-section 5C was introduced in Sec 80 G of the Income-tax Act with effect from February 3, 2001, to encompass organisations engaged in relief work. The Finance Bill, 2002 had ... More

    EAR TO THE GROUND


    Nalco slides on sell-off blues
    NATIONAL Aluminium Company (Nalco) came under heavy selling from institutional investors on Friday. The talk was that with the reports of delay of disinvestment in Nalco, market players seemed to have turned heavy sellers. Dealers said ... More

    SENSOR


    Market tumbles on more negative triggers
    A combination of factors was responsible for bringing down the benchmark BSE Sensex by 40.36 points as it closed the day at 3,141.11 points. A weak closing on the Nasdaq on Thursday, the air of scepticism surrounding the disinvestment process ... More
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  • Top Stories
    Govt mulling futures in crude palm oil — Curbs to go on forward trading in 81 items


    `E-courts' in metros from next year

    Yamaha to outsource bikes from Indian arm

    Virus alert from IBM

    PSU insurance cos cancel long-term accident schemes

    Air India may join `One World'; more slots in London likely

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Aug. 25-Aug. 31
    What put TVS Motor on the fast track again

    Why do banks neglect the farm sector?


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