CHEAP EXPORT REFINANCE SPURS RESERVE MONEY GROWTH

Article Abstract:

The export refinance utilisation by commercial banks from the Reserve Bank of India (RBI) was at 94.7 percent in 1998-99. This boosted reserve money growth during the year. The daily average utilisation by banks went up to Rs5,304 crore in the fortnight ended December 4, 1998. This represented a 94.7 percent utilisation of refinance limits. The extensive use of export refinance follows a two percentage point reduction in the export refinance rate from nine percent to seven percent between August 6, 1998 to March 31, 1999. (uh)(vr)

Banking Institutions, Depository Credit Intermediation, International economic relations, DEPOSITORY INSTITUTIONS, Banks (Finance), Reserve Bank of India

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STATE OFFERS 250 ACRES FOR B-SCHOOL

Article Abstract:

The Karnataka government has offered 250 acres of prime land at Bidadi near Bangalore to set up the first Indian corporates sponsored international business school in India. The Reliance group has already tied up with Wharton and Kellogs to set up a Rs100 crore international business school in the country. Bangalore already houses one of the best scientific institutions, one of the four Indian Institutes of Management and the highest number of medical and engineering colleges in the country. (gsh)

Comment:

India: Karnataka govt offers 250 acres of prime land at Bidadi to set up first Indian corporate-sponsored intnl bsns school

Government domestic functions, Business and Secretarial Schools, Business & Secretarial Schools, Business schools, Article

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