NATIONAL Banking sector reforms: RBI handed more powers
New Delhi: In a bold step towards reforming of the banking sector, government on August 13 introduced
a Bill in Lok Sabha to give more teeth to Reserve Bank to regulate cooperatives, banks and FIs
(Financial Institutions), besides facilitating mergers and acquisitions and mooting a Depositor Protection
Fund.
Mobilise support of like-minded nations on WTO: Left
New Delhi: Ahead of the WTO's (World Trade Organisation) Cancun Ministerial in September, the Left
Parties on August 13 said there was a need to mobilise support of like-minded countries especially in
Asia to form pressure groups on critical issues.
Stocks rally lift SENSEX past 3,900-mark at close
Mumbai: After a brief pause, equities once again rallied sharply aiding the SENSEX end past 3,900-mark
on the Bombay Stock Exchange (BSE) on August 13 on hectic buying support from operators on the
back of increased purchases by Foreign Institutional Investors (FIIs).
BSE: SENSEX once again opens past 3,900-mark
Mumbai: The SENSEX once again opened past 3,900-mark and later fluctuated in a restricted range in line with lacklustre activity during morning trading on the Bombay Stock Exchange (BSE) on August 13 on selective buying support.
