The Financial Express -- News

Tuesday, July 29 1997

Petition against VDIS likely to be dismissed

A division bench of the Mumbai high court has indicated that it would be dismissing the writ petition challenging the validity of government's Voluntary Disclosure of Income Scheme, 1997 (VDIS-97).

Infrastructure Bond Issue

SEBs' dues may stall World Bank loans to NTPC

The World Bank may suspend loans to the National Thermal Power Corporation (NTPC) for its failure to recover Rs 5,000 crore from the state electricity boards (SEBs). The former has issued a fresh warning, asking NTPC to take remedial maesures against the defaulting state power boards.

Centre agrees to consultations for import curbs phase-out

The Indian government has accepted requests from the United States, European Commission, Australia and Canada for formal consultations on phasing out quantitative restrictions (QRs).

DoT inertia chokes V-Sat services

Apple Credit to sell prime property in Mumbai