118 years of Trust THE TRIBUNE
Saturday, October 31, 1998, Chandigarh, India
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Credit policy leaves CRR, lending rates unchanged
MUMBAI, Oct 30 — The Reserve Bank of India today tightened operational norms for the Indian financial market to insulate it from East Asia like currency crises while underplaying the inflationary pressures by leaving "high money supply" in the economy untouched in its busy season credit policy.The RBI left lending rates and cash reserve ratio unchanged at 9 and 11 per cent respectively.		  
  • The RBI tightens financial markets.
  • Jalan keeps mid-term review devoid of hype.
  • Inflation at 8 per cent; higher than projected
  • Financial sector reforms carried forward

Business dejected
NEW DELHI, Oct 30 — The business and industry today expressed disappointment over the busy season credit policy.
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Laloo, Mishra denied bail
PATNA, Oct 30 — Former Bihar Chief Ministers Laloo Prasad Yadav and Jagannath Mishra and five others, including three senior politicians, were today denied regular bail in a conspiracy angle case of the fodder scam and remanded in judicial custody till November 13 by a designated CBI court here.

Paramedics work frenetically to revive some of the victims pulled from a blazing discotheque in Goteborg, 500 kilometers southwest of Stockholm in Sweden on Friday. At least 60 people were killed and 100 were injured when fire raced through the upstairs discotheque jammed with hundreds of young people. AP/PTI60 killed in fire at disco
GOTEBORG, Sweden, Oct 30 — A fire started by an explosion raced through an upstairs discotheque jammed with hundreds of teenagers attending a Halloween dance early today in Sweden’s second largest city, killing at least 60 persons and injuring about 190 others, many of them seriously.

No papers filed in Delhi
NEW DELHI, Oct 30 — The process of filing nominations for the November 25 Assembly poll began in Delhi, Rajasthan, Madhya Pradesh and Mizoram with the issue of notification today in the respective states even as the major political parties were busy finalising their list of candidates.

Forward Bloc chief dies in accident
CHENNAI, Oct 30 — Mr Ayyanambalam, president of the All-India Forward Bloc, and two others were killed on the spot when their car collided with a lorry in Madurai city in the early hours today.

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Tribune survey on rising prices Related news
It's now all-round price assault
When last week robbers took away 5 kg onions as part of their loot from a South Delhi house, the incident was a macabre reflection of the state of affairs on the price front of essential commodities.It is not only the price of onions that is making the common man cry. He is a victim of all-round inflation.


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  Editor, Printer and Publisher : Hari Jaisingh
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Copyright : The Tribune Trust, 1998.

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