Sunday, September 20, 1998
India may record highest GDP growth in '98-99: Jalan
The Indian economy is in shape despite the southeast Asian meltdown and is likely to record one of the highest GDP growth rates in the world in 1998-99. The country's foreign exchange reserves are comfortable and enough to service import requirements of 6 months.
Fewer drugs may come under price control order, says finance secretary
The list of drugs under the price control order could possibly be pruned to 14-15 as part of an attempt to better growth in the domestic pharmaceutical industry. The 14-15 drugs, which could be retained under price control, should essentially be those under the national health programme.
FIPB gives nod to proposals worth Rs 2,000 crore
The Foreign Investment Promotion Board has cleared foreign direct investment (FDI) proposals worth Rs 2,000 crore, including two mega projects of Reliance and BHP of Australia. The board approved a $950-million proposal of the Reliance group to set up a global mobile personal communication systems.
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