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Inflation falls to 3.32 p.c.
New Delhi: Inflation plummeted to year's lowest level of 3.32 per cent as against 7.77 per cent in the comparable period of 2000 due to steep fall in prices of food articles.

The week ended September 29 also saw a whopping fall of 1.54 per cent, the sharpest decline in many years, in the point to point inflation based on wholesale price index (WPI) with 1993-94 as base year.

The rate of price rise was contained mainly on account of downtrend in fish items, maize, urad, tea, rawa and solvent extracted groundnut oil.

Primary articles became cheaper and manufactured items became costlier, while fuel price remained unchanged during the period.
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Foreign reserves rise to $44,979 mn
Mumbai: India's foreign currency reserves have again inched towards the $45 billion mark with a rise of $210 million at $44,979 million for the week ended October 5.

The Foreign Currency Assets (FCA) rose by$102 million to $42,050 million in the reporting week, according to the Reserve Bank of India's weekly statistical supplement.

The country's gold reserves also jumped by $108 million to $2,925 million. They had last shown a rise of $46 million at $2,817 million in the week ended August 31, 2001.
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DD to provide uplink facilities
Bangalore: Doordarshan would provide uplinking facilities to private television channels, according to Prasar Bharati chairman U R Rao.

Doordarshan has tremendous amount of infrastructure that can be made available to private TV channels to uplink from India.

Prof Rao indicated that at least two channels of Doordarshan would definitely be closed down. He said Prasar Bharati wanted DD to build up reputation on the lines of the one established by BBC.
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domain - B : Indian business : News Review : 15 Oct 2001 : general