The Hindu Business Line : Saturday, September 07, 2002

Panel for 100% FDI in petroleum, banking
THE Steering Committee on Foreign Direct Investment (FDI) headed by Mr N.K. Singh has recommended increasing the FDI in the petroleum sector, including refining, marketing and exploration along with banking and financial services to 100 per cent. ... More

Full pre-payment of ECBs allowed
THE high-level committee on external commercial borrowings (ECBs) headed by the Finance Secretary, Dr S. Narayan, has approved a proposal to completely ease the restrictions imposed on Indian companies on pre-payment of outstanding ECBs. Indian ... More

Secret skirmishes continue on LoC
The fighting was sparked off by the Pakistani occupation of Sangarh, a secondary position on the Indian side of LoC near the Kangarh permanent post. More

Markets turn jittery
GROWING fears of a US military attack on Iraq rattled stocks, currency and bond markets on Friday. While the rupee lost 11 paise against the dollar, bond prices ended the day 20-30 paise lower from Thursday's's close. Dealers said the ... More

Crude imports unlikely to be hit
THE US military strikes in Iraq are unlikely to affect India's crude imports from the Persian Gulf in the short term as the oil refining companies have been loading crude tankers with extra oil as per the directions from the Government in the ... More

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