The Financial Express -- Economy

Wednesday, June 4 1997

NPAs should be cut to 5% by 1999-2000

The Tarapore panel has stated that the non performing assets (NPA) of the banking sector have to be brought down to 5%in 1999-2000 from 17.3% in 1995-96. Bankers feel that the NPA reduction target is achievable.

US to crack down on more Indian firms

Close on the heels of curbs on American exports to Bharat Electronics Ltd, the US is considering a crackdown on at least two more Indian firms for "supplying" components to New Delhi's ballistic missile and rocket programmes.

Garments exports dip 5% in value terms

Exports of ready-made garments during January-April 1997 increased by 4.02% in quantitative terms, but declined by 4.91% in value terms, according to provisional figures available with the Apparel Export Promotion Council.

Tarapore report contingent upon many difficult conditions

Kerala banks deny receiving RBI fiat to step up credit

The Index -- Capital Account convertibility

Target too optimistic,say marketmen

Nabard to hike rural credit limit

Tarapore panel for full rupee float in 3 years

Low inflation, interest rate before convertibility

No adverse remarks on CRB before bank licence: RBI

Gilt interest inflows seen at Rs 4592 cr

Mandated rate of inflation must be about 3-5%

Abyudaya Bank scam accused plea rejected

Tarapore panel moots easing of curbs on external borrowings