NATIONAL RBI to take measured steps to contain inflation Reserve Bank of India (RBI) today (Aug 14, 2004) reiterated that it will take measured steps to contain inflation, which has reached a high level of 7.61 per cent, and pointed out that the recent rise in the bond yields is not likely to impact the Government's borrowing programme.
Be clear on 'arm's length policy' on BPO tax: Nasscom Software association Nasscom on Friday (Aug 13, 2004) said that the final circular on taxation of ITeS-BPO companies should be more explicit and clear about the "arm's length" principle to remove uncertainties from the mind of foreign investors.
GTB branches to operate as OBC branches from today The Government of India has sanctioned the scheme for amalgamation of the Global Trust Bank Ltd. with the Oriental Bank of Commerce. The amalgamation will come into force on August 14, 2004. All the branches of Global Trust Bank Ltd. will function as branches of Oriental Bank of Commerce with effect from this date.
