The Financial Express -- Economy

Thursday, May 22 1997

Reserve Bank may go slow on licences for new private banks

The Reserve Bank of India (RBI) may not issue licences for new private sector and local-area banks. It has come under fire for issuing an "in-principle" banking licence to the CRB group, say RBI sources.

Infrastructure Bond Issue

Exports target seen as unrealistic

In the absence of a well-thought out strategy, the export target reportedly set at about $40 billion for the 1997-98 by the commerce ministry is quite "unrealistic", considering the dismal growth of 4.1 per cent achieved during the year, according to analysts.

Ministry wants hike benefits to go to oil firms

The Union petroleum ministry wants fiscal correctives that would ensure that the benefit of an oil price hike passes on to the petroleum companies, (and through them to the oil pool account) rather than the government coffers.

Ensure Good Returns by Reasoning Your Investments

Debt offerers fear tight liquidity ahead

Pearl importers resent MMTC import norm

Five firms take part in Hong Kong seminar

Commerce body promised convention centre PHDCCI

Funds mop-up: a who's who of the big-wigs

EC disclosure on bed linen dumping today

Airport authority to fund Nedumbassery

PD support to govt loans fixed at 25%

Gem, jewellery exports dip 4%

$325m World Bank aid for Andhra irrigation project

Technically correct SC ruling may hit public health

RBI picks up $11.24 billion in 1996-97

CII team lists capital goods sector woes

Exim Bank plans forfaiting for financing exporters