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Pill for UTI: half dose of reforms, the rest bailout.

Asia Africa Intelligence Wire

| September 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Indian Express)

In a dramatic bailout-cum-reforms package worth Rs 14,561 crore, the government today announced it would split the Unit Trust of India into two, one part of which would be privatised. This part, UTI-2, comprises all UTI's schemes that do not have any kind of guarantees, either on the principal or on returns, and adds up to around Rs 17,800 crore of investments, an amount that's equal to over 42% of ...

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