The Financial Express -- Economy

Friday, May 16 1997

Finance department advice overlooked

The Shiv Sena-BJP alliance in the state has ignored the "serious reservations" expressed by the state finance department over Maharashtra State Electricity Board picking up a 30% stake in the Dabhol Power Company. The government should not have subscribed to the equity, which will involve an outgo of between Rs 470 crore and Rs 730 crore.

Infrastructure Bond Issue

New norms for selection of petro-product dealers

The petroleum and natural gas ministry has formulated new policy guidelines for selection of dealers/distributorships for petro-products effective April this year. The new guidelines have been introduced as the old policy led to several grievances on irregularities and malpractices.

"Deregulation to align private banks with public sector"

With increasing banking sector deregulation, the ownership pattern of all the public sector banks would align more with that of the private sector banks. As public sector banks were increasingly tapping the markets to raise funds, ownership pattern of public and private sector banks would become similar.

Notification on third-party risk cover struck down

Cashew-processing in Vietnam worries exporters

Fixed-to-mobile hike withdrawn

Christie's auction follows Sotheby's lead

Ministry report backs jute units in war with cement makers

96 infotech items to be out of duty net by 2000

Baalu lobs petro price hike in Gujral's court

STC contracts 1m tonne Australian wheat

Russia duty hike to hit packet tea exports

Elections led to hoarding of gold in 1996: study

Scrap Essential Commodities Act: industry leaders

Briefs -- Skindia GDR Index up