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Wednesday
Feb 28 2001
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Banking sector challenges Some Reminders, Mr Sinha
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A REALITY check shows that several promises are yet to be fulfilled. But the market continues to hope for policies that would favour FDI and further consolidation after a lacklustre summer, the otherwise staid banking industry was gripped by an M&A fever.
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Disinvestment Getting out of business
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ABOUT the only good thing that happened in the government in recent times was the setting up of the disinvestment ministry. First to head it was Arun Jaitly and then Arun Shourie.
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Not bad
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ACCORDING to a new survey by accounting firm KPMG, Canada has the highest rate of corporate tax among OECD countries, at 42.1 %. This narrowly tops Japan’s tax rate of 42 %.
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Current Account
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RBI governor Bimal Jalan had a momentary lapse of discretion at the Indian Merchants Chambers last week. The governor, who recently made life easier for India Inc by slashing key interest rates, launched a tirade on the declining standards of corporate governance in the industry.
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