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Saturday, August 22, 1998

New textile policy to push industry onto progressive path
The changes proposed by the government in the 1985 textile policy will ensure harmonious growth of different segments of the textile sector and push it onto a progressive path, textile minister Kashiram Rana said last week.

Power tariff subsidy to agricultural consumers touches Rs 300 crore
Subsidy in power tariff to agricultural consumers in Maharashtra has touched a whopping Rs 3,000 crore level. If this trend is not arrested with a firm resolve, the tariffs for certain other categories of consumers may become unsustainable and drive the industrial, commercial and other economic activities away from the state.

Cabinet set to okay ordinance on new oil exploration policy
Fresh royalty rates and concessions promised in the new exploration and licensing policy may shortly come into effect through an ordinance.


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  US west coast Alaska crude price rises, ANS sold
  Initial survey says 15% iMac buyers new users
  FirstPlus loan offer prompts action by Michigan
  China ays yuan policy commercial not, political
  UK consumer spending is not inflationary
  China seen lagging in race against millennium bug
  Remote sense-based survey of groundnuts recommended
  Commodity Briefing
  Progress in cotton crop satisfactory
  Textile Briefs
  Ordinance sought to change royalty act for oil exploration
  China rules out devaluation of currency
  Sri Lankan govt takes over loans of textile firms
  Asian currency crisis to take centre stage at NAM summit
  Consolidation need of the hour in sugar industry
  Scrap cross-subisidisation of telephone tariffs
  Singapore-crisis
  Cotton yarn exporters unenthused over inclusion of more items under SIL
  DAP prices likely to shoot up by Rs 1,000 per tonne
  Govt urged to retain plantation commodities in restricted list
  Competition hots up among continuous cast copper rod makers
  Bihar granite can fetch huge foreign exchange, say experts
  Malaysian PM vindicated by HK currency slide
  14-day, 91-day T-bills' auctions devolve on RBI
  Good demand at Calcutta tea auction
  Tea no more under the ambit of Essential Commodities Act
  Solar hot air system to save money and fuel for plantation costs
  Financial Briefing
  Centre scraps 40% cap on domestic debt in power projects
  Centre to table bill on farmer's rights, plant protection
  Executive Briefing
  Kelkar assumes office as Union finance secretary

ICRA: An independent investment information and credit rating agency


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