Sunday, June 7, 1998
Vajpayee exhorts first-timer MPs to focus on issues of national importance
Prime minister Atal Behari Vajpayee lamented that Parliament devoted the least time to its prime duty of law-making and several bills of importance could never enter the statute. Addressing first-timer Bharatiya Janata Party MPs, the prime minister said that the Parliament had to devote more time on deliberating issues of national importance.
90-day deadline for clearance of foreign investment plans may be unrealistic
The capital's dyed-in-the-wool bureaucracy is not convinced that finance minister Yashwant Sinha can keep his budgetary promise to foreign investors. The promise ensured a decision within 90 days on their investment proposals, detailed by a special monitoring officer for every proposal notwithstanding.
UP plan to raise food output goes awry as IBRD defers loan
The World Bank's decision to postpone the processing of a $130-million loan for the agriculture sector in Uttar Pradesh has sent shock waves through the Kalyan Singh government. The government was pinning its hopes on the international agency to bail it out of its financial quagmire.
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