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Jaswant to vet central cover for Teesta loan today
New Delhi: The finance ministry has called a crucial meeting on Monday to
discuss the issue of extending sovereign guarantees for a untied credit
facility of $150 million under the Nippon Export and Investment Insurance
untied credit insurance cover for the Teesta stage-V hydel power project in
Sikkim.
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Small savings up 21% in Q1
New Delhi: Despite softening of interest rates, small savings
surged by 20.75 % to Rs 25,263 crore in the Q1 signalling investors renewed interest
in government papers after equities and other investment options turned
sour.
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Poverty level may slide to 19% by 2007
New Delhi: The Planning Commission has projected an 8% decline in poverty
levels during the next five years with the percentage of the BPL people
expected to go down to 19.17% by 2007 from 27.01% estimated in the 55th
round of consumption survey conducted by the National Sample Survey
Organisation (July 1999-June 2000).
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Inflation rate dips to 3%
New Delhi: Decline in prices of vegetables, pulses, tea, coffee, sugar and
basic metals pulled down the inflation rate by 0.19 per cent to 2.66 per
cent by August 3, a week after it touched the yearly peak.
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Gujarat poll: Govt puts ball in Kalam court
New Delhi: Clearly not in a mood to accept the Election Commissions
decision on Gujarat polls, the Cabinet on Sunday decided to make a
Presidential reference to seek the Supreme Courts opinion on whether the
commission can recommend imposition of Central rule in a state where it
feels polls cannot be held.
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CII seeks bank funds for acquisition of core cos
Mumbai: Confederation of Indian Industry has suggested the government to
allow commercial banks to finance acquisition of shares of the infrastructure companies by the Indian
investors to encourage private sector participation in infrastructure projects.
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