Monday, November 2, 1998
Net gain for private players
Announcing a set of measures that would boost the information technology sector, Prime Minister Atal Behari Vajpayee said on Sunday that the Centre is planning a customer-friendly Internet policy which will throw open Internet operations to private agencies. The measures, he said, will allow 49 percent foreign equity in joint ventures with Indian Internet service providers.
BSE meeting on price-rigging soon
The Bombay Stock Exchange (BSE) authorities will call an emergency meeting next week of its governing board to discuss the fallout of SEBI's dictate asking it to initiate necessary action against the 12 brokers of the exchange who have been indicted for price manipulation in the scrips of BPL, Videocon and Sterlite Industries.
Inflation falls to 7.98%
Despite unabated rise in prices of vegetables and pulses, the annual rate of inflation based on official data declined for the third successive week and stood at 7.98% for the week ended October 17. Inflation rate fell below the 8% mark during the week after shedding 0.12 percentage points from the 8.10% (provisional) recorded during the week ended October 10, while a year ago it stood at 4.63%.
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