ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Need for Promotion of a Bills Market

The Reserve Bank has taken a series of measures to deepen the money and government securities markets and to facilitate equilibriating demand for and supply of short-term funds at fine rates of interest. Parallel efforts are called for to promote the market for bank-accepted bills as a major money market instrument to promote financing of asset-creating activities by banks.

Industrial Recovery on the Horizon

GDP is expected to grow by 6 per cent in 1999-2000, the same as last year, but a major qualitative change expected this year is the possible recovery in the manufacturing sector after three years of sluggish growth; the impetus to recovery seems to have originated in increased availability of bank finance.


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