Thursday, September 24, 1998
Rollbacks will strain fiscal deficit, says IMF
The International Monetary Fund has severely criticised the rollback of budgetary initiatives and has pointed out that the government will not be able to contain fiscal deficit at 5.6% of GDP on account of slippages in revenue-expenditure estimates.
Vajpayee may voice approval of CTBT's broad contours
Prime Minister Atal Behari Vajpayee, in his address to the 53rd United Nations general assembly on Thursday, will announce India's willingness to subscribe to the broad contours of the Comprehensive Test Ban Treaty (CTBT).
Chauhan signs dotted line with Coke on bottling units
Ramesh Chauhan has sold his franchise rights along with his two bottling units in Delhi to softdrinks multinational Coca Cola. The deal is reported to have been struck at Rs 100 crore. Significantly, the Mumbai bottling units, owned by Ramesh Chauhan's brother, Prakash, are not a part of the deal.
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