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Wednesday, April 28, 1999

India won't need contingency credit from IMF -- Jalan
India does not need to apply under the newly created contingent credit lines (CCL) of the International Monetary Fund (IMF) for it follows its monetary policy with caution and prudence, the Reserve Bank of India (RBI) governor Bimal Jalan has said.

South-East Railway relaunches luggage van scheme
South Eastern Railway, buoyed by demand from courier companies and small transporters, has re-launched an existing scheme that will now allow small users to book space in the luggage vans of passenger trains.

Textile policy may have to wait till new government
Political instability may delay the announcement of the new textile policy, at the final stage of preparation, if the industry's views are any indication. A committee is expected to submit the draft of the policy to the govt in May.


Inspirations furnishing fabrics


  New oil deposits discovered in east Godavari
  Russians optimistic on IMF, but barriers remain
  Malaysian team to explore trade prospects
  MMTC seeks price rationalisation of chrome ore
  `Punjab should encourage agricultural diversification'
  Spain to assess drought damage to cereals crops
  Chary corporates may tighten election fund purse-strings
  Enron, Marubeni, Sichuan among six shortlisted for Orissa hydro projects
  Executive Briefing
  BJP wants normal powers for govt if polls are delayed
  High sales tax hits Bihar's telephone cable makers
  Briefing
  Core sector status for irrigation sought
  Centre may have to shell out Rs 1,200 cr for polls
  Lanka may adopt Orissa power reforms model
  Briefing



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