Sunday, July 12, 1998
Exporters likely to get cheaper, faster export credit by month-end -- Hegde
Exporters are likely to get cheaper and faster export credit by the end of the month under the newly proposed `export package.' This is being done to help them compete with countries like China, Korea and Pakistan in the international market.
Maharashtra to woo private players for developing wasteland
The Maharashtra government plans to involve the private sector in a big way in the development of 70 lakh hectares of wasteland in the state. The government will also allow contract farming and joint ventures in the rehabilitation of closed sugar and spinning cooperative mills. It plans to set up a regulatory body on the lines of the UK-based Lloyds and Switzerland-based SGS to certify the quality of products to be exported in the markets of both developed and developing countries.
Carryforward rates subdued
The annualised carryforward rates were fixed lower for the week ended July 10 and the average rates hovered in the range of 8 per cent to 10 per cent. The week which saw the Bombay Stock Exchange touch the psychological barrier of 3,400 and the National Stock Exchange rise to 980.10 levels has however not sent the carryforward rates zooming up.
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