Tuesday, October 20, 1998
Internet policy
The final draft of the Internet Service Providers (ISPs) policy is likely to be announced in the near future. The policy would be revolutionary in the sense that private ISPs would be allowed to enter the sector thereby ending VSNL's monopoly. Around 250 ISPs all over India have already shown their willingness to provide Internet services.
Not priority sector
There is no reason why the government should allow 100 per cent foreign ownership in the tobacco sector. The cigarette industry is not one in which foreign ownership will bring in any technical improvements, nor is it by any stretch of imagination a priority area for either exports or domestic expansion.
Hitech Drilling; waning growth rates
The results for the second quarter ended September 30, 1998, from Hitech Drilling showed what the future growth prospects of the company really were. On a year-on-year basis, the revenues from operations increased by 53 per cent from Rs 38.67 crore to Rs 81.74 crore.
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