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Saturday, November 22, 2003
Govt. asks banks to pay interim dividends
NEW DELHI, NOV. 21. Taking advantage of the robust financial health of public-sector banks, the Union Government has asked them to pay interim dividends as part of efforts to contain fiscal deficit within 5.6 per cent of GDP. "We have written ...
To hike FDI in private banks
NEW DELHI, NOV. 21. Foreign direct investment limit in private banks will be raised to at least 74 per cent and a clear guideline is expected by December-end, a senior Finance Ministry official said here today. The Government will also clarify ...
Asahi India plans unit in Chennai
NEW DELHI, NOV. 21.Asahi India plans to set up a manufacturing unit in Chennai. The unit, the company's third plant in the country and the first in the South, will manufacture automotive safety glass. The aim is to cater to the requirement of ...
Curbs on ECBs: corporates feel the pinch
MUMBAI, NOV. 21.The recent clampdown on external commercial borrowings (ECBs) has negative connotations for many corporates which have benefited by resorting to such low cost borrowings. Last Thursday's unexpected announcement from the Finance ...
Banks and risk-avoidance
Banks are in the business of lending. The RBI and the Government should go all out to check their inhibitions to lend.
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