Jaswant, Sinha swap places
New Delhi: Jaswant Singh, the original liberal face of the Bharatiya Janata Party on economy, will take over as the country's finance minister, swapping places with Yashwant Sinha, who has been given the responsibility of external affairs. A prince by birth, an aristocrat by nature, a golfer and a keen polo enthusiast. A man of a few and measured words, with subtle nuances, diplomatic to the core. That's Jaswant Singh, the erstwhile external affairs minister, who now  moves to finance ministry. In May 1996 when Jaswant Singh first took over as finance minister in the 13-day BJP-led government, lowering of interest rates and reining in the centre's spiralling fiscal deficit figured on the  top of his wishlist.
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RBI allows oil companies to hedge margins
Mumbai: The Reserve Bank of India has allowed Indian oil companies to protect themselves from the volatile international oil market by finally allowing risk management of refining margins.
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NDTV plans two channels next year
New Delhi: NDTV, the current content provider for the Star News channel, is planning to launch two news channels in April 2003, when they split with Star.
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Exports post 4% growth during May 2002
New Delhi: After registering a sharp 18 per cent growth in April 2002, India's export growth decelerated to 3.85 per cent in May 2002 to $3,768.79 million compared to the same month in the previous year.
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Exporters compete for slice of global recovery
New Delhi: The world's manufacturers are fighting back from last year's recession in the sector but surveys released on Monday suggest exporters are having to compete aggressively for a slice of global recovery.
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Cooperatives lack banking discipline: MoF report
New Delhi: A report prepared by the financial sector division of the ministry of finance has observed that managements and boards of several cooperative institutions, which continue to reflect political interest rather than genuine cooperative spirit, have not been amenable to normal banking discipline in their operations.
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Import of 300 sensitive items down 3.72% in April 2002
New Delhi: Import of 300 sensitive items being monitored by the commerce ministry declined by 3.72 per cent in April 2002 to Rs 688 crore as against Rs 714 crore in the corresponding month last year.
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