Economic slowdown temporary, says PM
THE Prime Minister, Mr Atal Bihari Vajpayee, on Wednesday said that the current economic slowdown was a ``temporary phenomenon'' and ``there is no need to get too worried on this score because the fundamental indicators of India's economy are quite stron g.''

Krushi bank may go in for liquidation
KRUSHI Co-Operative Urban Bank Ltd, the crisis-ridden Secunderabad-based bank, is likely to go in for liquidation since the other option suggested by the Reserve Bank of India -- merger with another urban co-operative bank -- is almost ruled out owing to the bank's large liabilities, according to RBI sources here.

Economic slowdown -- Sinha to meet industrialists
THE Finance Minister, Mr Yashwant Sinha, is set to renew meetings with select representatives of certain industry sectors to firm up the measures that may be required to address the current sluggishness in industrial growth.

Meet to discuss curbs on investment arms today
THE Government is to take up the issue of regulating investment firms or non-banking financial companies (NBFCs) floated by corporate houses, at the meeting of the high-level committee on capital markets (HLC) headed by the Governor of the Reserve Bank o f India, Dr Bimal Jalan.

Two more CEGAT benches moving to Mumbai
THE Finance Ministry has decided to shift two more benches of the Customs, Excise & Gold (Control) Appellate Tribunal (CEGAT) from Delhi to Mumbai.

Turning over a curry leaf
MINERAL prospectors in North Kanara have long believed that plants like `Karipatta', whose leaves (curry leaves) are used to flavour many South Indian dishes, can be good indicators for the presence of deposits of minerals, especially manganese.

Freedom from want?
Slum-dwellers in Hyderabad also celebrated Independence Day. ``We are determined to ensure that the new economic policy becomes a promoter of social justice and that its benefits reach our brothers and sisters belonging to Dalit, Adivasi, backward, and m ost backward sections of our society,'' the Prime Minister said in his address at Red Fort on Wednesday. Perhaps the Basti Awas Yojana will ensure proper housing to slum-dwellers in the days to come.

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