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Saturday, January 16, 1999

Sinha's budget to end zero-duty imports
Finance minister Yashwant Sinha has hinted at a basic floor duty for all imports in the forthcoming budget. This implies that concessions like zero-duty imports of select capital goods may be withdrawn.

Institutions, finance firms under state check over stamp-duty evasion
Maharashtra's department of stamps has issued over 20,000 notices to financial institutions, housing-finance companies, foreign and nationalised banks and share brokers for large-scale defaults on stamp-duty payments.

Core sector bags 27% of institutions' funds in 1997-98
The infrastructure sector -- comprising electricity generation, telecommunications, roads, ports and bridges -- has accounted for 26.7 per of the financial institutions' sanctions in 1997-98.


Inspirations furnishing fabrics

Central Electronics Limited

Patel Roadways Limited


  China PM urges state units to pay welfare on time
  PM to inaugurate 86th Indian Science Congress today
  Panel reviews Securities Contract Regulation Act amendments
  Indian `terminator' gene research underway at 10 state-sponsored institutes
  Auto component, vehicle-makers differ over norms for
  Russia looks at Brazil with a feeling of "deja vu"
  Banks cry out against software vendors as Y2K compliance deadline nears
  IMF approves $5.5 billion aid to Pakistan
  Diesel imports may shoot up in first quarter
  Indonesian crude palm-oil exports may go up a shade despite tax cut
  State slaps notices on finance firms, banks over stamp duty evasion
  Hudco approaches government for exemption under 10(23)(G)
  China fuel-oil imports likely to touch 16 mt



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