The Financial Express -- Economy

Sunday, June 22 1997

Cabinet shortlists 3 PSUs for divestment

The Union Cabinet is all set to approve disinvestment of three PSUs from a list of 15. Though names have not been made public they are likely to be Gas Authority of India Limited, Mahanagar Telephone Nigam Limited and Indian Oil Corporation.

NDDB wants co-ops to be registered under Companies Act

The National Dairy Development Board (NDDB) has requested the Centre to allow large cooperative societies to be registered under the Companies Act as cooperative companies.

Forex rate management needs overhaul: Reddy

The Reserve Bank of India (RBI) deputy governor Y V Reddy has called for an appropriate exchange rate management policy to take care of capital inflows. He feels that there would be a reduction in illegal capital flight on account of the VDIS accentuating capital inflows into the country.

Four-pronged strategy to spruce up of Registrar of Companies

FM sees buoyant collections in tax kitty

Diversified jute product export may touch Rs 1,000 cr

Hamstrung OPEC unlikely to halt oil slide

India pins hopes on $6.5 bn external assistance at IDF

Russia in Paris Club of creditor nations

Cash-mad Hong Kong sells 1997

World Briefing -- Whistleblower wins $8.4 million award

Khadse divested of finance in Maharashtra cabinet reshuffle

US tobacco firms to puff out $369bn in damages