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Politics Business Expressions General Sports Leisure States 04 January 1998   NBFC may face fund outflow The RBI's latest move to curb the access of non-banking finance companies (NBFCs) to public funds is likely to throw the financial markets in disarray. The RBI move is expected to see an outflow of thousands of crores of rupees from the Indian financial system as NBFCs strive to comply with the new set of norms.   IT Dept to tap cell phone subscribers The grand success of VDIS 1997 will not make tax collectors complacent. The Union finance minister P Chidambaram said that efforts will now be geared towards collecting dues from cellphone and farm house owners. The Central Board of Direct Taxes will launch the collection drive from January 5. Rajasthan telecom circle cleared The Union cabinet, in a surprising move, earlier this week cleared the controversial Rajasthan circle for basic telephone services. The decision was taken in the absence of the Union communications minister, thus casting a shadow upon its future as the minister is unlikely to support the Cabinet move. Motor cover premium to double in 3 years Motor insurance premium rates for third party claims are poised to shoot up by 100% over the next three years. The General Insurance Corporation which has recommended the increase in premium rates which presently stand at Rs 160.   Badla picks up on BSE Badla (carry-forward) transactions have started picking up on the Bombay Stock Exchange (BSE). The net outstanding value of carry-forward deals in the previous settlement for the first time crossed the Rs 300 crore mark, touching Rs 361.26 crore. Glut hits Chennai property market The future of the commercial property market in Chennai seems dismal. More than one million square feet of land is slated to go on the block in the next two years. Anticipation of a further decline in the market has worsened the already gloomy scenario.     Bizbits   IT Dept to tap cell phone subscribers   Rajasthan telecom circle cleared   Motor cover premium to double in 3 years   NBFC may face fund outflow   Chambers caution states on wasteful spending of VDIS benefit   National Insurance lowers target   CII summit to focus on economic reforms   Glut hits Chennai property market   J&K CM seeks investments   Broking houses put plans on ice   Badla picks up on BSE   Bizbits