budget on 29 february
new delhi: the union budget for 2000-2001 will be presented on 29
february, according to the government. parliament's budget session will begin on 23
february. the railway budget will be tabled on 25 february and the economic survey on 28
february, according to parliamentary affairs minister pramod mahajan. the session will
continue till 17 may, with a month-long recess between 17 march and 16 april.
state bank of mysore plans bond issue
bangalore: state bank of india subsidiary state bank of mysore is coming
out with a rs 75-crore bond issue in february 2000 to improve its capital adequacy ratio.
the tenure of the proposed bonds will be 75 months, and the coupon rate will be around 12
per cent, according to the bank's managing director k.s.v. krishnamachari. the bank
expects to have a capital adequacy ratio of 11.14 per cent at the end of the 1999-2000.
clinton wants labour, environment in trade
talks
davos: us president bill clinton, addressing the world economic forum,
raked up the issue of including the controversial labour and environmental standards in
the new round of trade negotiations, which saw the collapse of the seattle round of the
world trade organisation conference in late 1999. he, however, advocated the need for a
political consensus to facilitate an early start of a new round of trade negotiations.
