EXPRESSINDIA.COM The Indian Express Group _________________________________________________________________ The Financial Express daily newsletter Edition of Monday, October 18, 2004 _________________________________________________________________ ********************* THE FINANCIAL EXPRESS ********************* TODAY'S TOP STORIES ******************* Plan panel mulls Rs 250,000 crore write-off of Central loans to states The Planning Commission is drafting a proposal to write off the entire Rs 250,000 crore outstanding Central loans to states. To avoid any moral hazard that such a move would entail, it suggests that the states should thereafter be barred from all Central loans. http://www.financialexpress.com/fe_full_story.php?content_id=71739 _______________________________________________________________ SBI firms up $125-m overseas buyout plan SBI, the country�s largest bank, has crystallised a two-phase overseas acquisition plan which entails an investment of around $125 million over a period of three years. http://www.financialexpress.com/fe_full_story.php?content_id=71742 _______________________________________________________________ Sebi to toughen NAV norm for MFs When a MF investor enters a scheme, what is the net asset value at which he makes his entry? Is it the NAV on the day on which the investor buys the unit? Or the day the fund house realises this money? http://www.financialexpress.com/fe_full_story.php?content_id=71740 _______________________________________________________________ RBI, GoI clash on use of forex reserves The Reserve Bank of India and the government do not seem to see eye-to-eye on the issue of utilising the country�s burgeoning foreign exchange reserves for infrastructure sector funding. http://www.financialexpress.com/fe_full_story.php?content_id=71741 _______________________________________________________________ BOTTOMLINE: Airports to be given high-sounding names The lot of passengers may not improve, but at least the local populace will feel that its heroes have got due recognition. Airports Authority of India, which is always under a shadow for shabby upkeep of airports, thinks that a name change may help in changing public perception. http://www.financialexpress.com/fe_full_story.php?content_id=71743 _______________________________________________________________ /------------------------ advertisement ------------------------ No 1 Indian Matrimonials - 550,000+ members, 150,000+ photo profiles, 16,000+ successful matches! Register & Contact members for FREE!! http://ads.expressindia.com/adsnew/adclick.php?bannerid=400&zoneid=63&source=&dest=http%3A%2F%2Fwww.shaadi.com%2Findex.php%3Fptnr%3Dieom ------------------------ advertisement ------------------------/ Edits & Columns ******************* Do perquisites reduce shareholder value? A study by Dr Raghuram Rajan, now the Chief Economist of International Monetary Fund and Dr Julie Wulf of Wharton School for the NBER, USA finds no conclusive evidence that perquisites are inefficient. http://www.financialexpress.com/fe_full_story.php?content_id=71720 Historical outcome Today�s outcome is a historical one. However, we cannot draw any definite conclusions from the results. It would not be correct to say that we have not been able to cash in on the anti-incumbency factor. http://www.financialexpress.com/fe_full_story.php?content_id=71721 Oil prices: A six month perspective For while it�s not clear as to what level of crude price our retail prices are fully neutral to, there has been election-induced disinclination to raise prices in effect since November 2003. http://www.financialexpress.com/fe_full_story.php?content_id=71719 More in Edits & Columns at http://www.financialexpress.com/edits&columns.html _______________________________________________________________ Money Matters ******************* Welcoming with a magnifying glass http://www.financialexpress.com/fe_full_story.php?content_id=71694 Governance is the key http://www.financialexpress.com/fe_full_story.php?content_id=71695 Tamilnad Mercantile Bank: putting its best foot forward http://www.financialexpress.com/fe_full_story.php?content_id=71696 More in Money Matters at http://www.financialexpress.com/moneymatters.html _______________________________________________________________ Economy ******************* MFs ride the technology wave http://www.financialexpress.com/fe_full_story.php?content_id=71734 Principal Financial gears up to enter pension insurance http://www.financialexpress.com/fe_full_story.php?content_id=71735 Life insurers post premium growth of 10% http://www.financialexpress.com/fe_full_story.php?content_id=71736 More in Economy at http://www.financialexpress.com/economy.html _______________________________________________________________ Politics ******************* Many frontrunners for Maharashtra CM�s post http://www.financialexpress.com/fe_full_story.php?content_id=71698 Sushma denies giving credit to Sonia http://www.financialexpress.com/fe_full_story.php?content_id=71699 5 new accounting standards to narrow gap with global norms http://www.financialexpress.com/fe_full_story.php?content_id=71730 More in Politics at http://www.financialexpress.com/politics.html _______________________________________________________________ Corporate ******************* L&T sets sights on Iran http://www.financialexpress.com/fe_full_story.php?content_id=71707 Texmaco net zooms up in Sept quarter http://www.financialexpress.com/fe_full_story.php?content_id=71708 Sterlite to shell outRs 700 crore for residual Balco stake http://www.financialexpress.com/fe_full_story.php?content_id=71709 More in Corporate at http://www.financialexpress.com/corporate.html _______________________________________________________________ Op-Ed ******************* The arithmetic of election manifestos http://www.financialexpress.com/fe_full_story.php?content_id=71724 Pragmatic policy needed for imports http://www.financialexpress.com/fe_full_story.php?content_id=71725 Stop India from becoming a scrapyard http://www.financialexpress.com/fe_full_story.php?content_id=71726 More in Op-Ed at http://www.financialexpress.com/op-ed.html _______________________________________________________________ Commodity Watch ******************* Commodity supercycle thesis to continue in long run http://www.financialexpress.com/fe_full_story.php?content_id=71678 Spices conference calls for adhering to quality norms http://www.financialexpress.com/fe_full_story.php?content_id=71679 India urged to assess health, eco hazards of GM harvest http://www.financialexpress.com/fe_full_story.php?content_id=71680 More in Commodity Watch at http://www.financialexpress.com/commoditywatch.html _______________________________________________________________ States ******************* Maharashtra: NCP-Congress successfully checks anti-incumbency http://www.financialexpress.com/fe_full_story.php?content_id=71701 Bengal Left Front now wooing US business investment http://www.financialexpress.com/fe_full_story.php?content_id=71702 Dry spell hits TN crop targets http://www.financialexpress.com/fe_full_story.php?content_id=71703 More in States at http://www.financialexpress.com/states.html _______________________________________________________________ News ******************* Airlinks to Vietnam soon http://www.financialexpress.com/fe_full_story.php?content_id=71731 Manmohan keen on making Mumbai a Shanghai http://www.financialexpress.com/fe_full_story.php?content_id=71732 Seven institutes identified for drug testing http://www.financialexpress.com/fe_full_story.php?content_id=71733 More in News at http://www.financialexpress.com/news.html _______________________________________________________________ ********************* EFE ********************* Front Page ******************* Long gestation period keeps VCs away from biotech ventures http://www.financialexpress.com/fe_full_story.php?content_id=71657 CommVault Systems to make Hyderabad software hub http://www.financialexpress.com/fe_full_story.php?content_id=71658 Reliance Info launches wireless card for net connection http://www.financialexpress.com/fe_full_story.php?content_id=71659 More in Front Page at http://www.financialexpress.com/efe/frontpage.html _______________________________________________________________ Convergence ******************* GM crops: Icrisat gears up for phase 2 http://www.financialexpress.com/fe_full_story.php?content_id=71669 IT Act being amended to address BPO sector worries http://www.financialexpress.com/fe_full_story.php?content_id=71670 �ICT may affect work conditions of journalists� http://www.financialexpress.com/fe_full_story.php?content_id=71671 More in Convergence at http://www.financialexpress.com/efe/convergence.html _______________________________________________________________ Marketing & Management ******************* New footprints: How will Liberty Shoes� diversification moves fare? http://www.financialexpress.com/fe_full_story.php?content_id=71673 Cellular companies move up the value chain http://www.financialexpress.com/fe_full_story.php?content_id=71674 TeamLease Services cashes in on temporary jobs http://www.financialexpress.com/fe_full_story.php?content_id=71675 More in Marketing & Management at http://www.financialexpress.com/efe/marketing&management.html **************************************************************************************** Visit us at http://www.expressindia.com for indepth coverage of news from around India, updated round the clock. 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