The Financial Express -- Economy

Saturday, July 12 1997

TRAI defers hearing on DoT review petition to July 22

The Telecom Regulatory Authority of India (TRAI) has deferred the hearing on the plea of the Department of Telecommunications' non-implementation of its order quashing the hike in tariffs for fixed-to-cellular phones to Tuesday.

Diamond industry losing sheen as exports fall

Indian diamonds seem to be losing more and more of their glitter. The downward trend in diamond exports which started in 1996-97 continued during the first quarter of 1997-98 mainly due to the recessionary trend in the international market.

Service tax to be clamped on forwarding, clearing agents

The Centre has decided to impose service tax on clearing and forwarding agents and rent-a-cab scheme operators with effect from July 16.

Bank officers seek 400% hike in basic pay

Mukesh Ambani eggs chemical units to come out of cocoon

NHB plea to amend act rejected, fresh registration for firms

Time-bound norms for World Bank projects

Petrochem units sore over clearance for Sabic arm

Computer snag at public debt office creates huge entry backl

High-powered panel will monitor navratna firms, says Maran

Rural credit flow must be spruced up: Rangarajan

10 killed in city violence, protest call today

Moment ripe for 1st phase of capital account convertibility