The Financial Express -- Economy

Monday, June 23 1997

Inflation rate falls to 5.83%,WPI dips

The rate of inflation continued to fall with the annual inflation based on wholesale price index (WPI) declining by 0.1 percentage points to 5.83% for the week ended June 7. The steady decline is mainly due to the fall in the prices of "primary articles" in the last three months.

Rs 900-crore rapid rail transport plan for Delhi finalised

A Rs 900-crore plan for rapid rail transport for the national capital and its adjoining areas has been finalised to decongest the Delhi roads. The plan, prepared by the National Capital Region Planning Board (NCRPB) in collaboration with the railways, awaits the approval of the Union urban development ministry.

G7 drafts economic goals, says more must be done

Leaders of the Group of Seven industrial nations welcomed signs of an improving world economy. In this regard they have set out specific economic goals for their countries to help ensure that global expansion remains on track.

Joshi reshuffles guardian ministers

Tarapore panel endorses prosecution of ex-Indian bank chief

MTNL should have autonomy in material purchases, HRD selection

Indian banks seen in bad shape

Indian tyre manufacturers resent free import

Chamber eggs UP power board to step up capacity

Centre ban on azodyes takes effect today

State government set to revive defunct law commission

Shippers' association decries hike in document charges

Burden of proving tax exemption lies on assessee

Financial Briefing -- $820m ADB loan for India

Smokescreen clouds landmark tobacco deal

Fulfil certain indicators, file IT returns

World Briefing -- Microsoft fixes server bug on its site