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Fertiliser industry holds its breath, awaits govt decision
The fertiliser industry is all praise for the policy framework recommended by the Hanumantha Rao committee on fertiliser pricing. The committee is in favour of a balanced use of nutrients in increasing agriculture output and capacity expansion in the industry.
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State govts more responsive to investment proposals, feel US
US investors feel that state governments are more responsive to investment proposals than the Centre which takes a long time to clear projects. Contrary to general impression, the US business community is quite optimistic about the new BJP-led coalition government at the Centre. They strongly believe that notwithstanding its Swadishi rhetorics, the saffron party will continue India's liberalisation policy which was started in 1991.
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FIEO proposes export growth target of 30% for next three years
The Federation of Indian Export Organisations (FIEO) has proposed that the new government target a compounded export growth of 30% for the next three years, including 1998-99, to achieve a level of $100 billion by the year 2003. To reach the projected export level by 2,000-01, FIEO's national export agenda has suggested a number of policy initiatives to the Union Commerce minister.
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GEF out of tune with developing nations' priorities
Developing countries have sharply criticised the Global Environment Facility (GEF) for being out of tune with their national priorities. These countries are of the opinion that GEF only focusses on issues such as climate change, and ozone depletion, problems created by the industrialised western countries and which are not of immediate urgency in developing countries.
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Diesel price cut by 24 paise
The Union government has slashed diesel prices by 24-27 paise in metropolitan cities following lower international prices. The new prices would be effective, April 3 midnight, the Oil Coordination Committee announced.
European firms sanguine on eve of EMU
Monetary union is playing only a small role in the state. According to BMW chairman Bernd Pischetsrieder, industry in general has anticipated the introduction of the euro in its structural decisions. More important, many believe, will be the harmonisation of prices and resulting increased competition that the single currency will bring, forcing companies to be more efficient and raising the risks of takeover.
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 GEF resolves to mop up more funds to reach its goal
100% EOUs seek "priority" status to double share in exports
World Briefing
Taiwan says US punitive duties won't hurt exports
Tamil Nadu government clears molasses export to other states
Centre plans tax on sugar imports
Centre urged to extend time for rice specifications
Hyderabad to host seminar on rice-bran oil
Farmers take to streets against basmati patent
Centre issues Rs 215cr Iraqi bonds to banks, corporates
Bank of India, ABN Amro, Scotia Bank slash PLR
Traders' body flays 4% tax on imported cloth
ANZ Grindlays moves SC against award in National Housing Bank case
IDBI sanctions leap by 26 per cent
MSRDC clears three projects worth Rs 16 crore
Fertiliser panel for subsidies, free pricing
Executive Briefing
Moody's debt warning deals a blow to Japan economy
Europe promises moral support to Asia, says Blair
IMF says talks centre on Indonesian private debt
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