The Financial Express -- Economy

Friday, May 9 1997

Chidambaram blocks MOST bid to hike corpus

Union finance minister P Chidambaram has managed to get the Union Cabinet to scuttle the Ministry of Surface Transport's efforts to increase its share of funds from revenues collected from petrol and diesel. With the funds for maintenance woefully inadequate, MoST wanted to hike this to 5%.

Infrastructure Bond Issue

Energy conservation law by year-end

Bhaskar Natarajan, director Energy Management Centre, attached to the ministry of power has said that the law for energy conservation would be ready by the end of this year. The committee heard views from all state governments, industry and ministries concerned before formulating a draft bill.

Economy will revive, says new CII chief

The newly elected Confederation of Indian Industry president N Kumar has expressed confidence in the Indian industry's ability to overcome the economic slowdown witnessed last year. CII has forecast an 8% GDP growth in 1997-98 along with a 12% industrial growth rate.

EC kicks off talks for aerospace cooperation

ACC, L&T in talks for captive power tie-up

Tamil Nadu power board, NTPC in row over energy sharing

Moonshine business in Andhra may lose its glow

Karnataka high court stays RBI ordinance

Gilts redemption to infuse Rs 4,839 cr into banks

Fertiliser producers seek hike in SSP prices

MoU to review city airport sites signed

Kerala retailers up in arms against multinationals

Hire-purchase schemes provide attractive options

State Bank lists priority areas in Goa operations revamp

Cotton fabrics exports suffer major setback