Contents

• Invest now, urge banks and brokers
  
  
• Top firms violate accounting rules
  
  

• New money or inflation?

• More promotions needed in NY - AMCHAM

• Maintaining the pace of economic reform (Comment)
  

• Hayleys celebrates golden jubilee

• Clipper ship launches success story

• Peace effort raises hopes
  
  
• The challenges facing insurers
  
  
• Financial Times News

New money or inflation?

The Central Bank last week released a fresh 10-rupee note (see picture) saying it was issued to "replenish stocks resulting from periodic demonetisations of notes returned by the banking system due to normal wear and tear".

The note - unchanged from the old one - bears the signatures of Central Bank Governor A.S. Jayawardene and Finance Minister K.N. Choksy and is dated December 12, 2002 - the day Choksy was sworn in along with other members of the cabinet.