119 years of Trust THE TRIBUNE
Tuesday, March 2, 1999, Chandigarh, India
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RBI reduces bank rate
NEW DELHI, March 1 — The Reserve Bank of India announced this evening cuts in bank rate and short-term repo rate besides the cash reserve ratio (CRR) even as Finance Minister Yashwant Sinha had earlier in the day left the ball in the central bank’s court.
In a partial roll-back of its August measures the RBI cut repo rate to six per cent from eight per cent, bank rate to eight per cent from nine per cent and CRR to 10.5 per cent from 11 per cent.
line Suleyman Demirel, President of Turkey, hands over the Chairmanship of Developing Eight, to the new Chairperson, Bangladesh Prime Minister Sheikh Hasina.
DHAKA : Suleyman Demirel, President of Turkey (right), hands over the Chairmanship of Developing Eight, or D-8, to the new Chairperson, Bangladesh Prime Minister Sheikh Hasina (centre), in Dhaka on Monday. To the left is Pakistan Prime Minister Nawaz Sharif. — AP/PTI
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Tohra calls meeting of general house
AMRITSAR, March 1 — Countdown for the removal of Mr Gurcharan Singh Tohra as president of the SGPC has started as the general house meeting of the 'mini Parliament' of the Sikhs has been fixed for March 22 at 1 p.m. at Teja Singh Samundary Hall.

Bank of Punjab

Many options on Bihar: government
NEW DELHI, March 1 — The government today claimed that it had many options on the Bihar issue, including judicial review, in the wake of Lok Sabha ratifying President’s rule in the state.

Spice Telecom

Kashmir eye of S. Asian storm: Pak
DHAKA, March 1 — Pakistan Prime Minister Nawaz Sharif today said the Kashmir issue remained the "eye of the South Asian storm" and called for transcending "symbolism’’ and moving on to "concrete measures" to ensure lasting peace in South Asia.
Government
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Cong stages anti-BJP rallies in HP
SHIMLA, March 1 — The Congress organised anti-BJP government rallies throughout Himachal Pradesh today to protest against the hike in electricity tariff, rising prices, deteriorating law and order, saffronisation of educational institutions and atrocities on weaker sections.

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IN PASSING
IN PASSING
He has 18 baskets but only one saffron colour!
By Sandeep Joshi
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