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Saturday, October 30, 1999, Chandigarh, India
   
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Cash reserve ratio down by 1 pc
MUMBAI, Oct 29 — The Reserve Bank of India (RBI) today infused Rs 7000 crore into the banking system with a 1 per cent cut in the cash reserve ratio (CRR) but indicated prime lending rates (PLR) would not be lowered by banks due to constraints faced by them.

CRR cut may not lower PLRs: bankers (Business page)		   RBI Governor Dr Bimal Jalan
RBI Governor Dr Bimal Jalan carries out a review of the monetary and credit policy along with bankers in Mumbai on Friday. — PTI

Hundreds feared killed
BHUBANESWAR, Oct 29 — Several hundred persons were feared killed and over 10 million affected as the super cyclone with a velocity of more than 260 km per hour hit 10 coastal districts of Orissa for more than eight hours today.
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VHP rath yatra stopped again
NEW DELHI, Oct 29 — The Vishwa Hindu Parishad (VHP) rath yatra protesting the papal’s visit was prevented by the Madhya Pradesh Government from entering the state for the second day today even as Sangh Parivar outfits spoke in different voices on the issue of apology from the Pontiff for alleged atrocities by the church in India.

Cong plans stir on Bofors
NEW DELHI, Oct 29 — The Congress President, Mrs Sonia Gandhi, today upped the ante against the government, accusing it of "political witch-hunt" by naming Rajiv Gandhi as an accused in the Bofors charge sheet.

Money Laundering Bill tabled
NEW DELHI, Oct 29 — The Prevention of Money Laundering Bill, 1999, to prevent money laundering and to provide for confiscation of property derived from, or involved in it, was introduced in the Lok Sabha today.

Insurance staff stir hits work
NEW DELHI, Oct 29 — Work at over 25,000 offices of the LIC and the GIC all over the country came to a screeching halt today following a one-day strike by about 2.15 lakh insurance employees against the introduction the IRA Bill in Parliament for opening up the sector to private and foreign players.

Grilling of Sharif begins
ISLAMABAD, Oct 29 — The new Pakistani military rulers have begun formal proceedings against deposed Prime Minister Nawaz Sharif with a high-level joint investigation team questioning him for his alleged involvement in the conspiracy to kill the Army chief Gen Pervez Musharraf.


Congress workers flee homes
Allege torture by police
BAGAPURANA (Moga), Oct 29 — A number of families of Congress workers of this area have fled their homes to escape atrocities being committed on them allegedly by the local police under political pressure after the recently held Lok Sabha elections.

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IN PASSING

Keeping in mind frequent transfers we have decided to live in this caravan!
by Sandeep Joshi
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