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Wednesday, August 6 1997
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Ministries agree on risk sharing for liquid fuel supply![[Details]](/icons/bullet.gif){kind=icon}
The power and petroleum ministries yesterday came to an agreement on the vexed issues of commitment charges and liquidated damages in the fuel supply agreement for the liquid fuel based power plants.
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Threshold limit for NBFCs may be raised to Rs 50 lakh
The Centre is likely to hike the threshold limit for non-banking finance companies (NBFCs) to Rs 50 lakh from the earlier Rs 25 lakh. An indication to this effect was given by Union finance minister P Chidambaram while replying to a question of CRB scam in the Rajya Sabha yesterday.
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Castrol India H1 net up 61% to Rs 75.76 cr
Castrol India has announced a 61% jump in net profit to Rs 75.76 crore for the half-year ended June 1997 as compared to Rs 47 crore in the same period of last year.
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The Group
