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Of the total 119 issues traded 71 closed higher , 44 ended lower and four remained unchanged .
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1,601
train
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.
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1,602
train
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National Bank rose 12.71 taka to 228.7 , Eastern Cables gained 20.37 to 677.98 and Apex Tannery lost 22.72 to 597 .
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1,603
train
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Brokers said the stocks recovered early losses to edge up at close because of institutional support and short-covering ahead of Friday weekend .
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1,604
train
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India RBI chief sees cut in cash reserve ratio .
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1,605
train
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NEW DELHI 1996-08-22
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1,606
train
0
The Reserve bank of India governor C. Rangarajan said on Thursday that he expected the cash reserve ratio ( CRR ) maintained by banks to be reduced over the medium term .
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1,607
train
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" Over the medium term , yes , " he told Reuters after addressing industrialists in the capital .
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1,608
train
0
He denied having said in a recent newspaper interview that the CRR could be raised if necessary .
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1,609
train
0
He said he was only trying ( in that newspaper report ) to explain the theoretical position on the use of the CRR by central banks to manage money supply .
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1,610
train
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Rangarajan explained that the cash reserve ratio was an instrument that central banks could use to regulate money supply by reducing or increasing the ratio .
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1,611
train
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But in the current context , the government stood by an earlier commitment to reduce it over a period of time , he said in response to a question .
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1,612
train
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-- New Delhi newsroom , +91-11-3012024
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1,613
train
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Two pct India current account deficit viable - RBI .
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1,614
train
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BOMBAY 1996-08-22
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1,615
train
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The Reserve Bank of India Governor Chakravarty Rangarajan said on Thursday that a current account deficit of two percent of gross domestic product ( GDP ) was sustainable given the currrent rate of growth .
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1,616
train
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" The current account deficit of around two percent of GDP is a sustainable level of deficit given the expected real growth rate and the trends in imports and exports , " Rangarajan said in an address to business leaders in New Delhi .
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1,617
train
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Rangarajan said a current account deficit of two percent brought about by a 16-17 percent annual growth in exports and a 14-15 percent rise in imports along with an increase in non-debt flows could lead to a reduction in the debt-service ratio to below 20 percent over the next five years .
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1,618
train
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-- Bombay newsroom +91-22-265 9000
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1,619
train
0
Mother Teresa devoted to world 's poor .
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1,620
train
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CALCUTTA 1996-08-22
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1,621
train
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Mother Teresa , known as the Saint of the Gutters , won the Nobel Peace Prize in 1979 for bringing hope and dignity to millions of poor , unwanted people with her simple message : " The poor must know that we love them . "
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1,622
train
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While the world heaps honours on her and even regards her as a living saint , the nun of Albanian descent maintains she is merely doing God 's work .
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1,623
train
0
" It gives me great joy and fulfilment to love and care for the poor and neglected , " she said . "
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1,624
train
0
The poor do not need our sympathy and pity .
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1,625
train
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They need our love and compassion . "
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1,626
train
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The diminutive Roman Catholic missionary was on respiratory support in intensive care in an Indian nursing home on Thursday after suffering heart failure .
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1,627
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But an attending doctor said Mother Teresa , who turns 86 next Tuesday , was conscious and in stable condition .
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1,628
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The task Mother Teresa began alone in 1949 in the slums of densely-populated Calcutta , and grew to touch the hearts of people around the world .
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1,629
train
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When in 1979 she was told she had won the Nobel Peace Prize , she said characteristically : " I am unworthy . "
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1,630
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The world disagreed , showering more than 80 national and international honours on her including the Bharat Ratna , or Jewel of India , the country 's highest civilian award .
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1,631
train
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Her health began to deteriorate in 1989 when she was fitted with a heart pacemaker .
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1,632
train
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A year later , the Vatican announced she was stepping down as Superior of her Missionaries of Charity order .
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1,633
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More than 100 delegates flew in from around the world to elect a successor .
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1,634
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They could not agree , so asked her to stay on .
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1,635
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She agreed .
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1,636
train
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In 1991 , Mother Teresa was treated at a California hospital for heart disease and bacterial pneumonia .
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1,637
train
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In 1993 , she fell in Rome and broke three ribs .
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1,638
train
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In August the same year , while in New Delhi to receive yet another award , she developed malaria , complicated by her heart and lung problems .
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1,639
train
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Last April she fractured her left collar bone .
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1,640
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But her increasing frailty , arthritis and failing eyesight has not stopped her travels around the world to mingle with the poor and desperate .
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1,641
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Mother Teresa was born Agnes Goinxha Bejaxhiu to Albanian parents in Skopje , in what was then Serbia , on August 27 , 1910 .
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1,642
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She attended a government school and was already deeply religious by the time she was 12 .
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1,643
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At the age of 18 she became a Loretto nun , hoping to work at the Order 's Calcutta mission .
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1,644
train
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She was sent to Loretto Abbey in Dublin and from there to India to begin her novitiate and teach geography at a convent school in Calcutta .
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1,645
train
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She said her divine call to work among the poor came in September , 1946 . "
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1,646
train
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The message was quite clear , " she told one interviewer . "
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1,647
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I was to leave the convent and help the poor while living among them .
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1,648
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It was an order .
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1,649
train
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I knew where I belonged . "
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1,650
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The Vatican and the mother superior in Dublin approved and after intensive training as a nurse with American missionaries she opened her first Calcutta slum school in December 1949 .
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1,651
train
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She took the name of Teresa , after France 's Saint Therese of the Child Jesus .
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1,652
train
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In India she was simply called Mother .
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1,653
train
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Mother Teresa set up her first home for the dying in a Hindu rest house in Calcutta after she saw a penniless woman turned away by a city hospital .
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1,654
train
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Named " Nirmal Hriday " ( Tender Heart ) , it was the first of a chain of 150 homes for dying , destitute people , admitting nearly 18,000 a year .
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1,655
train
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Her Missionaries of Charity , a Roman Catholic religious order she founded in 1949 , now runs about 300 homes for unwanted children and the destitute in India and abroad .
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1,656
train
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In 1994 a British television documentary called the myth around Mother Teresa a mixture of " hyperbole and credulity " .
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1,657
train
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Catholics around the world rose to her defence .
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1,658
train
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RTRS - FOCUS-News forecasts alien-led profit boost .
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1,659
train
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Bernard Hickey
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1,660
train
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SYDNEY 1996-08-22
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1,661
train
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Media baron Rupert Murdoch 's News Corp Ltd reported lower than expected 1995/96 profits on Thursday , but forecast that the hit film " Independence Day " would help increase profits by at least 20 percent in 1996/97 .
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1,662
train
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" From an earnings perspective , the current fiscal year has begun with great promise due to the hit motion picture ' Independence Day , ' " News Corp said in a statement announcing its results for the year to June 30 , 1996 .
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1,663
train
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It said moderating paper prices and solid orders for advertising at its Fox Broadcasting television network in the United States would also help boost profits in the 1996/97 year . "
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1,664
train
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A budgeted profit increase of at least 20 percent for the full year currently appears very attainable , " News Corp said .
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1,665
train
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The bullish comments for the coming year soothed analysts and most shareholders , who were disappointed by the lower than expected profit for 1995/96 .
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1,666
train
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News announced pre-abnormals net profit for the year fell six percent to A$ 1.26 billion ( US$ 995 million ) and earnings per share dropped to 40 cents from 46 cents .
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1,667
train
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Analysts had on average expected a pre-abnormals profit of A$ 1.343 billion .
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1,668
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" The year just gone was disappointing , but the outlook for the current year looks good , " First Pacific media analyst Lachlan Drummond said .
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1,669
train
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News Corp said strong performances in U.S. television and British newspapers were offset by lower profits from News Corp 's magazine and publishing divisions and further hefty losses from its Asian Star TV operations .
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1,670
train
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Higher newsprint prices hit profits hard . "
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1,671
train
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Throughout the group , higher paper prices increased costs by over US$ 300 million , " it said .
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1,672
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News Corp said British newspaper operating profits rose 10 percent for the year , as higher cover prices at The Sun and The Times and higher advertising volumes offset increased newsprint costs .
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1,673
train
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Advertising revenues at The Times grew 20 percent .
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1,674
train
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Analysts said sharply lower earnings from News Corp 's book publishing division and its U.S. magazines had been the major surprises in the results for 1995/96 .
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1,675
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News Corp said revenue gains at its magazines and inserts division were offset by higher paper prices and lower sales at the U.S. TV Guide .
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1,676
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News said dramatically lower earnings from the British arm of its Harper-Collins publishing division more than offset healthy results from its U.S. operation .
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1,677
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It said the demise of the Net Book Agreement had hurt the British operations , and weak performances from the San Francisco unit of Harper-Collins had not helped .
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1,678
train
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The minimum price setting expired last September when three publishers pulled out .
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1,679
train
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But it was the bullish profit forecast for 1996/97 that took the spotlight in the market , with some analysts saying 20 percent may even be an understatement .
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1,680
train
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" If they 're saying at least 20 percent , then their internal forecasts are probably saying 25 or 30 percent , " said one Sydney media analyst who declined to be named .
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1,681
train
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News Corp 's shares were down eight cents at A$ 6.39 at 2.00 p.m. ( 0400 GMT ) in a soft market .
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1,682
train
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( A$ 1 = US$ 0.79 )
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1,683
train
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-- Sydney Newsroom 61-2 373-1800
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1,684
train
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RTRS - Budget cuts to boost Australia savings - RBA .
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1,685
train
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CANBERRA 1996-08-22
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1,686
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The Australian government 's plans to slash its budget deficit should make a useful contribution to national savings , the Reserve Bank of Australia ( RBA ) said in its annual report .
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1,687
train
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" The government 's announced plans to balance the budget , if realised , would make a useful contribution to raising national savings , " the RBA said .
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1,688
train
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The bank said there were concerns fiscal consolidation would unduly restrict growth , but evidence was ambiguous .
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1,689
train
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In its 1996/97 budget announced on Tuesday , the Australian Coalition government announced an underlying budget deficit of A$ 5.65 billion , and pledged to return the underlying budget balance to surplus by 1998/99 .
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1,690
train
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The budget deficit was A$ 10.3 billion in 1995/96 .
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1,691
train
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-- Sydney Newsroom 61-2 9373-1800
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1,692
train
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" Determined and credible efforts to rein in unsustainable fiscal positions ( are ) often rewarded by rising confidence , giving favourable effects on economic activity even in the short term , " it said .
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1,693
train
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" More generally , the long-term effects of fiscal consolidation are clearly positive , with higher saving tending to promote economic growth by raising investment and lowering long-term real interest rates , " the RBA said .
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1,694
train
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BNZ cuts NZ fixed home lending rates .
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1,695
train
0
WELLINGTON 1996-08-22
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1,696
train
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Bank of New Zealand said on Thursday it was cutting its fixed home lending rates .
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1,697
train
0
The rates are :
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1,698
train
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New rate old rate
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1,699
train
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Six month rate 10.5 pct 10.75
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