Loans from multilateral agencies -- Centre may bar States' direct access to funds
THE Centre is planning to prevent access to funds from multilateral agencies by State Governments whose financial positions are precarious.

Maharashtra blames Dabhol dues for deficit
THE State Finance Minister, Mr Jayant Patil, today said expenditure towards the Maharashtra State Electricity Board (MSEB) and Dabhol Power Company (DPC) was one of the two main reasons for the State's inability to contain its revenue deficit during 2000 -2001.

SEBI to back CSE in legal battle
THE Securities & Exchange Board of India will extend to the Calcutta Stock Exchange all support in handling the situation arising from the action of three CSE members in moving a court on the issue of impounding/cancellation of pay-outs of Rs 53 crore fo r Settlement no. 150.

Parke Davis sells Mumbai site for Rs 49 crore
PARKE Davis (India) Ltd today said it had completed the sale of its site at Saki Naka, Mumbai, to A-Class Builders & Developers Pvt Ltd for a total consideration of Rs 49.3 crore.

BSRBs send mercy plea to Govt
THOUGH the order for being sent to the gallows was announced through the Union Budget, the 16-odd Banking Services Recruitment Boards (BSRBs) are not willing to fade away without a fight.

Cabinet meet skips auto policy again
THE much-awaited automobile policy was not on the agenda of the Cabinet meeting today. The new auto policy, that would replace the existing MoU-based policy, was expected to usher in a new regime to protect and promote the indigenous auto industry.

Vysys Bank plans meet on pref issue
MUMBAI: Vysya Bank Ltd is planning to convene a meeting of its board of directors any day after March 28 to consider preferential allotment of equity shares.

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