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Monday, August 22, 2005
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MONEY & BANKING

FINANCIAL POLICY


Finance Ministry agrees to amend tax laws — Fund of Funds to be categorised into equity, debt
THE Fund of Funds (FoF) segment of the mutual fund industry could soon get a boost with Ministry of Finance agreeing to permit categorisation of such mother funds into "equity-oriented" and "debt-oriented" funds for taxation purposes. The ... More

DEBT MARKET


Bond yields seen soft for few more weeks
BONDS were steady last week despite the liquidity expansion induced by continued buoyancy in foreign currency inflows. Traders said one of the major reasons for the failure of the liquidity to manifest in bond prices was the Reserve Bank of ... More

RBI & OTHER CENTRAL BANKS


World Bank has imposed no conditions on us: Rosaiah
THE World Bank has imposed no conditions whatsoever on the State Government for giving assistance and any of the decisions taken by the Government cannot be attributed to the bank and "this fact has been made doubly clear by the World Bank ... More

PRIVATE BANKS


Yes Bank introduces single PIN for clients
AS part of its retail and corporate Net banking initiatives, Yes Bank has introduced single PIN and two-factor authentication facilities. Customers can use the single personal identification number to operate ATMs, phone banking and also for ... More

TRADE & LABOUR UNIONS


Bank unions plan protest against Govt policies
THE United Forum of Bank Unions (UFBU) is planning a mass agitation against the Centre on trade union rights. The forum has called upon the trade unions to strike work on September 29 to protest against the Second Labour Commission's ... More

IPOS


`Banking, financial services garner more funds from IPO'
THE banking and financial services sector grossed the largest amount of Rs 4,099.74 crore from IPOs till mid-August this fiscal, followed by textiles, power, IT, media, pharma, and steel, according to an Assocham Eco Pulse (AEP) study. ... More



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