The Financial Express -- Economy

Thursday, November 13 1997

Exim Bank offers new term-loan facility for EOUs

The Exim bank has announced a new programme to provide working capital term-loans to export oriented units (EOUs) which will supplement term-loans offered by the bank for acquisition of plant and machinery and other fixed assets required by EOUs. The loans will be repayable within two years and will carry a minimum interest of 12.5% for rupee term-loans.

Strategic sale of Modern Foods, four others may take longer

The government's plan to raise Rs 2,200 crore through the strategic sale of five public sector units (PSUs) announced in September is not likely to materialise before the end of the current financial year. This is primarily because the government has not yet invited domestic institutions for a presentation. The five public sector units up for sale are Modern Foods, Bongaigaon Refineries, ITDC, Balco and Kudermukh Iron Ore Company.

Calcutta port revives ship-repair yard plan

The Calcutta Port Trust has decided to commission a feasibility study for a ship-repair yard at Haldia dock complex, reviving the project for the third time. The decision to appoint consultants was taken by the CPT's board of trustees late last month.

Banks brace for second round of rate cuts

Five IPPs agree to sign revised fuel-supply agreement

Strategic sale of Modern Foods, four others may take longer

Canada, New Delhi to sign pact for green trade

Australian firms keen to set up joint ventures

RBI norms put hire purchase businesses in a spot

PF managers in a fix as coupons dip

Exim Bank offers new term-loan facility for EOUs

Congress, UF shadow-box on Jain report

Ninth Plan, central outlays almost ready

Dairy board chief calls for adopting code of conduct

Council warns against growing gap between haves and have-nots