Banking and Finance
Fiscal stress test report
A TASK FORCE of the Committee on the Global Financial System (CGFS) of the central banks of Group of 10 industrial countries has come out with a census of stress tests. Stress tests are tools used by financial firms to gauge their potential vulnerability to exceptional but plausible events.

Budget
Govt relieved, Opposition still fuming
THE tangible sop of Rs 1000 crore by way of standard deduction rate modification for the salaried class apart, the Finance Bill, 2001, saw a smooth passage in the Lok Sabha on Wednesday, even as the main Opposition Congress harped on what it dubbed a uni form criticism against the NDA Government Budget.

Economy
Sinha to chair development panel meet
THE Union Finance Minister, Mr Yashwant Sinha, will be the Chairman of this year's Development Committee meeting to be held in Washington on April 30, 2001. Development Committee is the joint IMF-World Bank Committee on the Transfer of Real Resources to Developing Counties.

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