The Financial Express -- News

Saturday, November 15 1997

Ministry sees 12.54 mt naphtha shortage by 2002

The Union ministry of petroleum and natural gas has projected a deficit of 12.54 million metric tonnes (MMT) of naphtha in the country by the year 2002. This conclusion was drawn from a survey conducted by the ministry. The survey portends that demand for naphtha by the year 2001-02 will be 24.34 MMT. The availability of naphtha at that time will, however, be only 11.95 MMT, thereby causing the projected deficit.

Iffco, Kribhco must return stakes held by government

The President of National Cooperative Union of India (NCUI), B S Vishwanathan, has asserted that the two fertiliser giants Iffco and Kribhco should return the stakes held by the government in their organisation. He also averred that such a voluntary measure on the part of the government will be highly beneficial to the farmers cooperative in maintaining their autonomy.

Indian economy has acquired stability, says Rangarajan

Indian economy, with $26 billion of foreign exchange reserves and $4 million gold reserves, has acquired enough strength to broadbase and improve its financial system, outgoing governor of the Reserve Bank, C Rangarajan said. He further added that the steady liberalisation policy has seen the Indian economy effect an about-turn from the depressing scenario of 1990-91 where it had a mere $1 million in its foreign reserve kitty.

Pakistan against MFN status for India

Tough going on cards for exporters