The Indian
Express
The Financial Express
Latest News
World News
EIW
Market Indicators
Screen
Express Computers
Graffiti
Crossword
Advertisers Forum
Travel & Tourism
Information Technology
Drumbeat: Ad Buzzaar
Astrosurf
Eco-India
Dr Know
Career India
Business Forum
Match Maker
Express Properties
|
Wednesday, May 6, 1998
| |
Fertiliser consortium chalks out mega LNG import plan
A consortium of fertiliser companies and industrialists -- including Iffco, Kribhco, National Fertilisers (NFL), the Tatas, Birlas and the Goenkas -- has chalked out a pioneering Rs 20,000-crore mega plan to import liquefied natural gas (LNG) for use as feedstock for their existing and future urea plants. The consortium, mooted by Tata Chemicals managing director Manu Seth to the Department of Fertilisers, has proposed an intricate network of pipelines criss-crossing the north, west and eastern parts of the country to carry de-gassified LNG.
|
|
Centre urged to prune stake in state-run banks
The government's shareholding in public-sector banks should be brought down to 33 per cent from 51 per cent, the Narasimham committee has said. The reduction in the minimum holding of the government will be the first concrete step towards offering functional autonomy to banks and institutions.
|
 |
Asset reconstruction firm mooted to issue swap bonds for bad loans
The Narasimham Committee has recommeded the setting up of an asset reconstruction company (ARC) for banks with a high non-performing asset portfolio, which can then issue "swap bonds". This has been suggested as an alternative to the asset recontruction fund (ARF), which had earlier been recommended by the first Narasimham panel on financial-sector reforms set up in 1991.
|
New exploration policy to focus on hydrocarbon availability
The new exploration licensing policy will lay stress on lesser dependence on oil imports and easy availability of hydrocarbons in the country by attracting more and more private investment in the exploration and production areas.
|
|
|
|
