Sengupta panel moots 2 mega oil entities
The Nitish Sengupta committee has envisaged two mega public sector entities in the deregulated petroleum market at home.

Reserve Bank tightens prudential norms for banks
The RBI has tightened asset classification norms and effected significant changes in prudential and capital adequacy regulations for banks for the just concluded financial year 1998-99.

Centre may set up restructuring agency for weak state-run banks
The centre is toying with the idea of setting up a restructuring agency for the weak public sector banks on the lines of the Disinvestment Commission.

  Executive Briefing
  Court directs DoT to encash only 20% of Fascel's bank guarantee
  Naidu urges CCI to buy more cotton
  Pepper and spices body quizzed over ICE's lacklustre performance
  Domestic sugar stocks up as imports spurt
  `US-Russia food aid pact not soon'
  Arecanut farmers face uncertainty as disease threatens crop
  Drop in acreage under rice cultivation in Kerala
  Poland not to raise durum wheat duty
  Rubber Board plans foray into export sector
  China consumed less gold in 1998
  Japan to raise copper, zinc exports
  Chemical industrial estates plan in limbo
  Chemexcil hails cut in limit for zero duty EPCG plan
  Local handicrafts exporters see bleak future with Chinese dominance
  Drought threatens Bangladesh rice crop
  Agriculture ministry's cotton crop estimate shows misleading
  Minister assures exporters on excise duty issue
  Appellate body may replace TAMP
  Ministry plans road advisory authority
  Paper industry decries import policy flaws
  CII lists four key areas for Reforms-II
  Truck rates may fall
  Coal unions call nation-wide strike on May 3 and 4
  Hudco to diversify portfolio, mulls cut in interest rates
  Economy Briefing
  Interest rates may soften by 5-10 basis points
  Telecom Briefing