The Financial Express -- News

Tuesday, December 16 1997

Commerce ministry moots treating deemed, physical exports at par

The Union commerce ministry has drawn up an action plan that seeks to treat "deemed" exports on par with "physical" exports and extending them all incentives. This will meet a long-standing demand of the exporting community.

IndusInd Bank board ratifies an internal credit policy

The board of directors of IndusInd Bank approved an internal credit policy for the bank which covers various aspects of risk management, with the management deciding to monitor the policy carefully during the course of the next fiscal.

Gujarat okays Rs 9000 cr industrial parks project

The Gujarat Industrial Development Corporation (GIDC) has approved the Rs 9000-crore investment proposal to develop composite industrial parks, as part of the state's attempt to provide quality infrastructure to prospective investors. The project is part of the specially formulated paper "Vision 2005".

Panel for intensifying coal exploration programme

HLL move to acquire six tea gardens in Assam, W Bengal