Saturday, December 5, 1998
Cease market borrowing, Reserve Bank tells Centre
The Reserve Bank of India has told the finance ministry that any increase in the government's market borrowing programme will not be sustainable against the backdrop of rising inflation and growth in money supply.
Daewoo, L&T bid for Anpara power plan
Daewoo and Larsen and Toubro have put in bids for developing the Rs 3500- crore-plus, 1000mw Anpara C power project in Uttar Pradesh. This follows the exit of Hyundai Heavy Industries from the project.
High Court orders Sahara to cease Amby Valley plan
In a significant development, the Mumbai high court on Friday quashed the letter of intent issued by the Maharashtra government to Sahara India Housing Ltd (SIHL) on January 1 last year for developing 'Amby Valley project', an ambitious multi-crore hill resort near Lonavala.
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