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Thursday, July 8, 1999

RBI allows plain vanilla interest rate swaps
The Reserve Bank of India has announced the final guidelines which allow players to undertake different types of plain vanilla forward rate agreements/interest rate swaps. The draft guidelines were issued on June 22.

MoST to take up C&F import issue with ministries next week
The ministry of surface transport will take up the issue of imports on cost and freight (C&F) basis by ministries of fertiliser and chemicals and petroleum in a meeting next week.

Karnataka govt yet to finalise firm for Bidadi power plant
Karnataka government is yet to finalise the firm for taking up the mega 1200 mw capacity multi-fuel based combined cycle power project, proposed near Bidadi on the city outskirts.



  Philippine ryots opt for new ways of rice planning
  Russia keen on buying Indian wheat, sugar
  Cabinet restricts ban of banned Bangalore onions to two months
  Vanaspati units fear RBD palm oil dumping
  Board to negotiate 50,000-tonne rubber deal with Singapore firm
  Scientists developing alternative fuel for diesel
  Briefing
  IBA shuts door on unions, refuses further talks on wage agreement
  Kargil conflict hits polymer exports to Pakistan hard
  Executive Briefing
  Asian insurers ignore calls for mass mergers
  LDP pressures Bank of Japan to buy JGBs in bid to curb rate rise
  Insurance industry donates Rs 14 cr to National Defence Fund
  Cellular services sector looks set for takeovers, mergers
  Japan bullishness exceeds economic reality -- BOJ
  Auto body sees 15% rise in car sales
  Delhi to seek longer time-frame to phase out quantitative restrictions
  Grey areas in telecom policy rankle players
  Free incoming cell calls only after September
  Telecom ind hails decision on revenue sharing but cautious on implementation
  Briefing
  ITDC appoints German marketing consultant
  GM expands off-road, buys Hummer name
  Marketplace Briefing
  Rly ministry releases wagon orders of 10,000 units
  Gujarat Adani Port handles 500,000 mt cargo in nine months
  Briefing
  Briefing
  United India blacklists 11 Chennai hospitals



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