Credit policy date

Mumbai, March 20: The Reserve Bank of India will unveil the annual credit policy for 2009-10 on April 21. It is expected to provide further stimulus to the economy. The RBI’s policy is significant as it comes amid fears of further deterioration in the global economy and its consequent impact on the country.

Trai chairman

New Delhi, March 20: A.K. Sawhney, a member of the Telecom Regulatory Authority of India, will look after the operations of the telecom regulator till the government appoints a new chairman. Trai chairman Nipendra Misra will retire on March 22.

Tax guideline

New Delhi, March 20: The income tax department has made it clear that an assessee will not be taxed a second time if tax has been deducted at source on the payment made to him.

Futures trade

Mumbai, March 20: A Sebi-appointed committee, which has studied the derivatives markets, has warned small investors against taking aggressive positions in the futures segment, while recommending introduction of new products for the savvy trader. The report has also recommended relaxation of the Securities Transaction Tax.

BSE ban

Mumbai, March 20: The Bombay Stock Exchange today said short selling — a transaction where an investor can sell borrowed stocks — would not be permitted in 15 shares, including real estate firms Akruti City, Ansal Properties & Infra and Parsvnath Developers, from March 27.

Citi rejig

New York, March 20: Gary Crittenden will become the chairman of Citi Holdings, while global banking chief Edward Ned Kelly will assume the role of the chief financial officer of the troubled financial services giant, Citigroup said.

MCX show

Mumbai, March 20: MCX has recorded an alltime high turnover of Rs 32,016.31 crore at the close of trading on March 19. Bullion contributed a turnover of Rs 22,640.84 crore in which gold clocked a turnover of Rs 17,347.66 crore.