National Economic Events in November 2000

SEBI clears proposal for Index-option trading by Stock Exchanges.

Deadline for mandatory bar coding of packaged exports goods for retail selling extended to April 1, 2001.

Bill to liberalise ceiling on discount under the chit Funds Act introduced in Rajya Sabha

Multi-State Co-op Bill tabled in Parliament.

Across-the-board increase in import duty on edible oils.

BSE raises threshold for new companies seeking listing to Rs. 10 crores in issued equity capital with stipulation of Rs. 20 crore post-issue net worth.

Prices of kerosene and domestic LPG reduced.

Cabinet approves proposal to allow state-owned banks to dilute Government equity upto 33 per cent from the present norm of 51 per cent. Financial restructuring authority for lead banks and one per cent ceiling on voting proposed.

SEBI panel on take-over code decides to make it mandatory for an acquirer to disclose his holdings at three levels: five, ten and 14 per cent.

In-principle clearance to privatise the Export Import Bank of India has been given by the Finance Ministry, says Mr Y.B. Desai, Managing Director.

India Millennium Deposit floated by the State Bank of India for subscription by NRIs fetches $5.25 billion.

The Department of Company Affairs raises salary disclosure limit to Rs 12 lakhs .

Mr James D. Wolfensohn, visits India.

Garments industry dereserved .

Notifications issued for conversion of Kandla, Santa Cruz and Kochi EPZs into Special Economic Zones and for converting a private sector EPZ in Surat into SEZ.