NATIONAL Increase in asset price; credit challenges: RBI The Reserve Bank of India (RBI) today (Mar 18 2006) said inflation no longer remains a matter of concern but increase in asset prices and credit have emerged as major challenges that could lead to financial instability.
PM asks RBI to move towards rupee convertibility Favouring moving towards fuller capital account convertibility in the context of changes in the last two decades, Prime Minister Manmohan Singh today(Mar 18,2006) asked Finance Ministry and RBI to work out a roadmap in this regard to attract greater foreign investments.
Reliance Petroleum to set up world's first refinery Newly-formed Reliance Petroleum Limited (RPL) would set up the world's first refinery in a special economic zone (SEZ) that is expected to be completed by December 2008 with a capital outlay of Rs 27,000 crore.
Sensex nears 11,000 level, gains 95 pts over the week The stock market continued its record setting spree and came close to the crucial 11,000 level even as the benchmark Sensex added another 0.88 per cent, climbing to a new peak of 10,951.38 points in the week, driven by sustained heavy purchases by investors.
