Thursday, February 4, 1999
Centre may cut excise duty on electronic components
The government is expected to provide relief to the domestic electronic components manufacturers by correcting anomalies in the excise duty structure.
Slash non-merit subsidies, Reserve Bank tells states
The Reserve Bank of India has called upon the state governments to cut non-merit subsidies and raise user charges for fiscal consolidation. The bank also to review the system of ways and means advances (WMA) provided by RBI to states for meeting the temporary mismatches in their receipts and payments.
Maharashtra may rope in advisor for Maharashtra Agro Industries
The Maharashtra government is planning to rope in a management consultancy firm to advise the Rs 387 crore Maharashtra Agro Industries Development Corporation (MAIDC).
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