The Financial Express -- Economy

Thursday, July 3 1997

Revenue intelligence investigation into exports under-invoicing

The directorate of revenue intelligence (DRI) is investigating a number of export houses, including some big names, suspecting largescale under-invoicing of imports. The customs authorities have detained import consignments of polymers aggregating 20,000 tonnes of several companies.

Reforms half-hearted, says Ramakrishna

Disinvestment Commission chairman GV Ramakrishna said that liberalisation measures taken up during the last six years in India were half-hearted and had not prepared the country to face the challenges of globalisation. He added that our efforts at accessing private investment, both Indian and foreign, in infrastructure have been less than successful.

Marginal fall in exports, imports in April, May

Exports as well as imports registered a marginal decline during April-May 1997. This was mainly on account of a 8.9 per cent decline in oil imports. According to trade data released by the commerce ministry, imports in the first two months of the current fiscal slipped 0.6% compared with the corresponding period last year.

Liquid fuel tariffs for IPPs out of administrative pricing

S&P rating may skid on oil pool deficit

Coal Mines Nationalisation Act likely to be amended

NRIs to float new firm to bid for Rs 3,150 cr power plans

RBI permits SBI Factors to raise 3-month money

Hong Kong customs checks irk oil traders

Majority NBFCs sit on their haunches

Rangarajan asks bankers to pass on rate cut benefits to industry

Centre to import wheat despite buffer stock

Delhi High Court adjourns hearing on Paramjeet's dismissal

New opportunities for finance professionals

Centre mulls 5-year trade curb phase-out

Thai baht battered by devaluation

Trade Briefings -- Cotton textiles

Improving CD ratio is states' responsibility: Chidambaram

Alloy steel industry: Gloomy future as end users face import