Agri-Business

THE Ministry of Agriculture will be shortly conducting a `Millennium Study' on the state of Indian farmers and has allocated a fund of Rs 1.5 crores for this purpose.DESULTORY trading continued in the shrimp market following low arrivals of raw materials and absence of any buying/selling pressure.

THE United Nations Asian and Pacific Centre for Transfer of Technology (UN-APCTT) and Exhibitions India is organising a three-day international technical exhibition and conference, Biotechnology India 2000, here beginning February 16.

CHENNAI: Excessive enthusiasm and speculative position-building in the bond markets. That is what the Reserve Bank of India seems to have acted against with Monday/Tuesday move to sell long-dated securities ( below prevailing marke t prices. While the 12.25 per cent 2008 was offered at Rs. 111.20, another long maturity issue, the 12.32 2011, was offered at Rs. 112.75 against its market price around  Rs. 113.10/15. 

Ten-year gilt yields are now well below 10.5 per cent and 15-year Government securities are trading in the region of 10.75 per cent.