Tuesday, August 18, 1998
Maharashtra to decide on route for raising funds for various projects
The Maharashtra government is yet to decide on whether to raise loans from banks and financial institutions or approach the market to fund infrastructure projects worth Rs 3,000 crore. The empowered committee, headed by the state chief secretary which met recently, has left this decision to the state cabinet.
Nip state-run banks stake below 51%, Centre told
Bank of Baroda chairman K Kannan has made a strong pitch for dilution of government stake in public-sector banks below 51%. During a presentation before the Standing Committee of Parliament on Finance last week, Kannan called for a "reduction of government holding to even less than 51% in nationalised banks".
Direct dialling facility to SDCAs on reduced rate
The Department of Telecommunications (DoT) has decided to treat the entire short distance charging area (SDCA) as one local area for the purpose of charging. Under the revised policy, effective August 15, calls to adjacent SDCAs will now get the facility of inter-dialing on a basic rate of three minutes per call unit.
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