The Financial Express -- Economy

Sunday, June 15 1997

EU proposal to tax petro products may pose problems for Indi

The United Nations General Assembly four-day session to promote sustainable development and review the Rio action plan is likely to pose serious problems for India so far petroleum prices are concerned. The European Union is stressing for levy of tax on petroleum products to provide for funds for development.

Legal tangle bars MEPZ from leasing out sick units premises

The Madras Export Processing Zone (MEPZ) authorities are having problems in leasing out their properties of 12 units which are presently declared sick.

Naidu kicks off state electricity board recast

The Andhra Pradesh (AP) chief minister N Chandrababu Naidu kicked off the state electricity board (APSEB) restructuring exercise with the release of a white paper on power sector reform. The paper envisages the setting up of an independent regulatory commission and converting the power board into a corporate entity.

Troubled times ahead for new sugar units in state

FIs dependence on IMF may trip

China warns EU on anti-China resolution

Polyester yarn under pressure; gram, wheat firm up; g'nut oi

Japan May bankruptcies surge 46.7 per cent

Budget had to be bold, says Pakistan

Ficci task force favours multiple players in basic celltel c

Firms to go for long-term bond offerings

Asean meet to strengthen ties