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Wednesday, September 16, 1998

Tax practitioners body seeks stay on Samadhan scheme
The All India Federation of Tax Practitioners (AIFTP) has filed an application in the Delhi High Court on Monday seeking an unconditional stay on the Kar Vivadh Samadhan Scheme. The application follows the government's failure to file a reply within two weeks as per the directions of justice AS Lahoty of the Delhi High Court.

Cyber Laws bill to be introduced in winter session
The government will soon unveil a package to boost the hardware sector, commerce secretary PP Prabhu said on Tuesday while addressing a conference on venture capital for the software sector. The government is also planning to form a second labour commission to prepare labour for the changing industrial environment in the country, electronics secretary Ravindra Gupta said.

Beekay group evinces interest in Jaigarh port
Things seem to be picking up in the port sector in Maharashtra. After a long lull, the BKBS, a part of the Rs 200-crore Beekay group, has given an expression of interest for Jaigarh, the second minor port that the Maharashtra Maritime Board wishes to develop. The first was Wadhavan, which went to P&O Australia, under a MOU signed with the state government.


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  Credit to shy away from Asia
  Korean firms put idle factory equipment on sale
  Profits at S Lanka's top 20 cos seen up 21 per cent
  Economy is a non-issue for Swedish poll
  World Briefing
  Delays may rob exporters of higher duty drawback benefits
  Argemone not the cause for dropsy
  Australian fine wool under pressure
  UAE minister keeps Opec cut hopes alive
  Australian coal sector to witness hefty price cuts
  Cotton output may touch 165-170 lakh bales
  Commodity Briefing
  Obuci wins US praise for deft economic moves
  Enron to support state software institute plan
  Clinton calls for global ministers, central bank governors' meet
  Foreign banks dump Indian loans at huge discounts
  RBI asks banks to set up systems for asset-liability management
  Credit rating for privately-placed debt may become mandatory
  Finance ministry to bar banks from rescheduling loans to corporates
  Centre against dilution of stake in PSU banks
  Witch-hunting will stop, Sinha assures bankers
  "Work force rationalisation key to bank mergers"
  Executive Briefing
  Amar Singh powers a small float with big reliefs
  Singapore aims to be regional observation post
  HC notices to Centre, DoT, Trai on appeal against its earlier order
  Kharif crop production estimated at 107 million tonnes
  Chewing-tobacco exporters want Modvat-related anomaly to go
  Fate of Vadhavan port uncertain as extension for LoI fails to come through
  $1.35m UNDP loan for pollution control in steel industry
  Rs 100 cr venture capital fund planned for IT firms
  M&M among five bidders for urban water transport plan
  Readymade garment exports during Jan-Aug rise by 6.84%
  CII moots ombudsman for SSIs

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