Date:01/09/2006 URL: http://www.thehindu.com/2006/09/01/stories/2006090108851702.htm

Business - Briefly

`No SLR status for oil bonds'

NEW DELHI: The Union Finance Minister P. Chidambaram on Thursday said the Rs. 28,300 crore worth of oil bonds to be issued to oil marketing companies will not get statutory liquidity ratio (SLR) status, apparently implying that these bonds do not compete with government securities.