ILFSC suggests majority stake for partner in power distribution
Contrary to the expectation of the Maharashtra government and the state electricity board (MSEB), the Institute of Leasing and Finance Services Company (ILFSC) Ltd has recommended that the joint venture partner be given majority share holding (51% ) in the proposed joint venture company (JVC) for distribution of electricity in the adjoining satellite town of Navi Mumbai.

Share of domestic vessels in Transchart shipments rises
The share of domestic shipping vessels in the cargo handled by the chartering wing of the ministry of surface transport has risen from 51% in 1997-98 to 65% in 1998-99. The Indian flag vessels handled 13.96 mn tonne last fiscal compared to 11.47 mn tonne in 1997-98 and 12.6 mn tonne in 1996-97.

India to push for implementation of commitments under GATS
One round of negotiation that India can actually look forward to at WTO's third ministerial conference is on services as most of the agreements under the General Agreement on Trade in Services (GATS) have not been fully implemented.

  Executive briefing
  FIPB may revise stand on foreign firms' subsidiaries
  Stay against drug firms over pricing extended
  Corporates post hefty jump in sales, but net profit dips a tad
  FIs to depend on Kannan report for funding film, media venture
  Operators want interconnection norms reviewed
  PC market grows by 33%, crosses Rs 4,000 cr mark
  Briefing
  Eicher Kisan Utsav -- Going back to the roots
  Briefing
  Eight SEBs keen on reforming boards with PFC support
  UNDP extends Rs 3-crore aid for maize plan
  Bureaucrats put proposal to convert SEEPZ into free zone on back burner
  EC to meet on June 5 to decide on granite anti-dumping investigation
  Move to allow exports fails to cheer sugar industry
  Imports up 100% in April-May
  La Nina stays in Indonesia; rains soak many crops
  Briefing
  Kerala embarks on rice productivity campaign
  Coir industry faces shortage of good machinery
  Cut in rates on packets, larger allocation of funds may boost tea sector
  Brazil's coffee belt seen warming during this week
  Fujairah keen to extend trade with Delhi
  Huge potential of genetically improved plants outweighs hypothetical risks
  Non-performing asset levels not alarming, says Itcot report
  Mineral output up Rs 573 crore in value in March
  Global steel output down 8% in March
  Japanese aluminium buyers, Australian suppliers reach agreement on premium
  Crash in base metals prices hits Australian miners
  Inadequate research hits film, foil converters
  Timor Gap fiscal, tax uncertainty may affect gas production projects
  Cotton consumption plan by mills uncertain
  Higher dispatches in Q1 fail to cheer cotton yarn exporters
  Biotech park for women to be opened by year-end
  `Steps needed to improve Maharashtra cotton yield'
  Truck rates to drop marginally
  Southwest monsoon may advance further
  Tea, spices hold good export potential