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Monday, September 20, 2004
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MONEY & BANKING

FARM CREDIT


Nabard makes loans easier for agri entrepreneurs
THE National Bank for Agriculture and Rural Development (Nabard) has liberalised its scheme for Agri Entrepreneurs to establish Agri Clinics and Agri Business Centres. It has reduced the interest rate on its refinance to 5.5 per cent per ... More

TAXATION


`Service tax to make insurance costly'
ECHOING the agitated views of a section of the insurance industry over the recent Budget proposal to levy service tax on the risk cover for insurance, a senior industry observer and former Chairman and Managing Director of Oriental Insurance, Mr ... More

NBFCS


`RNBCs should be more transparent'
THE Reserve Bank of India has asked residuary non-banking companies (RNBCs) to ensure improved transparency in their operations. At a meeting held with RNBCs recently, the RBI Governor, Dr Y.V. Reddy, stressed the need for close scrutiny of ... More

GENERAL INSURANCE


New India keen on Auckland set-up
THE New India Assurance Co Ltd is looking at establishing presence at Auckland in New Zealand. The company's Director and General Manager, Mr A.V. Purushotaman, told Business Line that the Auckland operations would commence before the ... More

GOVT BONDS


Bond market worried over Govt borrowings
BONDS declined last week as traders remained wary on the prospect of increased Government borrowings. Traders said that concern over oil prices and a slowdown in accretions to the foreign exchange reserves continued to be major concerns. ... More

MERGERS & ACQUISITIONS


Banking on trust
NEXT week's Annual General Meeting of the Federal Bank, Kerala's leading private sector bank, is bound to be a turbulent one, with tempers running high among an influential section of its shareholders over the alleged move of ICICI Bank to ... More
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Foreign Trade Policy 2004-09

Pick a Winner Stock Market Contest

Top Stories
`India must focus on delayed ripening tech'


US Presidential sweepstakes — India's interest in outcome

Joy ride may continue on short covering

In Focus

Foreign Trade Policy - 2004-09
The Crude shock
GTB fiasco
Birlas vs Lodha: A legacy tussle
More

In Depth
Insurance Corner
Simple Economics
Tax Talk
NRIs & Investment Avenues
More

Looking back
Sep. 12-Sep. 18
Bank credit rises by Rs 24,114 cr

Forex reserves up $54 m

CRR rate hike timing takes markets by surprise

Bonds shrug off inflation

Save short and borrow long

CRR move weakens banking stocks

Centre to encourage bank mergers — `No divestment of Govt stake; PSBs can tap markets'

RBI raises CRR of urban co-ops by 50 basis points

LIC bonus at Rs 80 for whole life plans

IMF-Bank annual meetings — India must push new initiatives

Dry-runs on screen-based gilts trading

For intervention in domestic forex market — $1-b US securities sold in July


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