The Financial Express -- Economy

Friday, November 14 1997

Ministry to come out with paper on debt market to fund telecom sector

The Union finance ministry will soon prepare a discussion paper on the development of a long-term debt market for funding telecom infrastructure. The strategy behind preparing this paper will be to elicit opinions from financial institutions and other key departments on the subject.

PC makers cry foul as state-run units queue up for foreign brands

Indian personal computer (PC) manufacturers seem to be in a spot as many government companies and public sector undertakings are insisting on buying PCs manufactured by multinationals. In open tenders floated by government organisations, they have invited bids for buying multinational or certain specific international brands.

Cabinet to repeal urban land ceiling act

The Union cabinet yesterday decided to repeal the Urban Land (Ceiling & Regulation) Act of 1976, setting the stage for a sharp fall in land prices across the country, and a quicker growth in construction activities in the 64 cities to which the act applies today.

Navaratna firms form club, to ask Centre to shed stake to 49%

Petroleum ministry modifies APM phase-out and duty-cut plan

Dollar overshadows Asian currencies

Asian dollar deposits rates remain steady

More evidence unearthed in Ushma Seth case

$17.2bn IMF bailout package for Thailand, reforms on track

Rating agencies downgrade 160 companies in first half

Delay in release of EU funds irks Kerala export units

Cabinet to repeal urban land ceiling act

Karnataka plans to expand electronics city

Podar elected president of Saarc Chamber of Commerce

Reforms leave aviation industry high and dry