The Financial Express -- Economy

Wednesday, August 20 1997

Chidambaram sets terms for Indian Bank bailout

The Union finance minister P Chidambaram has made it clear that funds for recapitalisation of Indian Bank would be released only if all the unions sign the memorandum of understanding.

Panel set up to carry out R&M operations of ports

The Union surface transport ministry has set up a committee to identify the areas for modernisation of various ports. The purpose is to achieve targeted import/export growth. The poor port conditions is being blamed for the sagging export/import position during last year.

New buffer yard triggers war between JNPT and exporters

The Bombay Custom House Agents' Association is at daggers drawn with the Jawaharlal Nehru Port Trust authorities over the procedural changes effected at the newly constructed and recently commissioned buffer container yard meant for storing export-import consignments.

Strong lobbying on for Coffee Board top post

Public sector banks draw flak

Job Watch

Singapore exports yet to show full recovery

BJP, left parties castigate ICI move

Foreign interest in Indian shares nosedives

UPS, Teamsters agree to end strike

World air cargo traffic up 6%

Offsite surveillance for banks, finance companies: Talwar

WTO finance pact good for Seoul: US

Record number of US drugs to go off patent

Hot Property --Platinum City

Police erred in sealing shop premises: court