India seeks lower interest rates, cuts unlikely
India on Friday lowered to 11% from 12% the interest rate on a key long-term savings scheme in which the retirement funds of employees of most state-run firms are kept, aligning it with other retirement schemes.



Ministry against open bidding for IBP selloff
In order to retain its hold on public sector companies, the Ministry of Petroleum and Natural Gas is not favouring open bidding process for divestment in IBP.



Inflation rises to 6.28%
Inflation based on Wholesale Price Index rose marginally to 6.28% during the week ended June 17, 2000 thus arresting the fall witnessed in the previous two weeks.



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