National purchase index planned 
New Delhi: The Indian Institute of Material Management plans to introduce a national purchase index on the lines of such indices existing in the US and other advanced nations. 
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ICAI to set up panel for published accounts review 
New Delhi: The council of the Institute of Chartered Accountants of India has decided to constitute a Financial Report Review Panel which would suo moto look into the published accounts of different organisations, including banks and financial institutions. 
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Economy growth seen slowing in 2002-03  
Mumbai: Economists forecast the Indian economy would grow by 4.8 per cent in 2002-03, below the governments estimate of 5.5 per cent, as the countrys worst drought in more than 15 years chokes a nascent recovery. 
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Beijing to have a sample of made-in-India 
New Delhi: Realising the need for an organised strategy to make inroads into the Chinese market, companies from different sectors such as biotechnology, pharmaceuticals and information technology have decided to organise the first Made-in-India show in Beijing. 
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Ex-chief of Osmanabad Co-op bank arrested 
Mumbai: Pawanraje Nimbalkar, the former chairman of the tainted Osmanabad Disctrict Central Cooperative Bank and an accused in the multi-crore gilts scam that rocked Maharashtras cooperative sector was arrested in Pune on Thursday. 
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CCEA to decide on UTI recast soon 
New Delhi: The Cabinet Committee on Economic Affairs will take a final decision on the modalities of restructuring the Unit Trust of India. The government is considering strategic sale of the Trust as one of the options. 
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Air-India posts Rs 15 crore profit 
Mumbai: Air-India announced on Thursday a net profit of Rs 15.44 crore for the year ended March 31, 02. The national flag carrier also announced the decision to dry-lease two additional aircraft, one Boeing B747-400 and an Airbus A-310. 
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Curbs On Cocoa Imports May Go As Ghana President Intervenes 
New Delhi: Chocolate majors in India can heave a sigh of relief with the President of Ghana Jon A Kufuor taking up the cocoa imbroglio with the Prime Minister of India, stating that he will be sending a team to neutralise the matter very soon.  
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