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The conundrum of exchange rate policy Market Stabilisation Bonds seem to leave the ongoing problem on the exchange rate front status quo, as the monetary authority will be caught in a vicious circle of continuous inflows and sterilisation of capital, as it has been so far, says M. Ram achandran Highlights of new monetary policy Following are the highlights of the Monetary and Credit Policy for 2004-05 unveiled by the Reserve Bank of India Governor Y. V. Reddy last week. Fate of losers in US-64 QUESTION: Your reply in Tax Forum published in The Hindu dated February 23, 2004 regarding US-64 transfer/sale and capital gains has upset many of us. While one can agree to your interpretation regarding exemption from ... Bhilai Steel joins Long Rail Club THE INDIAN Railways, which operates the second largest railway network in the world under one management, with nearly 109,000 km of rail tracks, will soon be taking one step closer to being able to run high speed trains such as those in Japan and ... Other Stories
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