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Thursday, July 15, 1999

Business sees BJP victory; gives thumbs-down to Sonia's Congress
The Kargil effect is expected to give the BJP-led coalition a resounding victory in the forthcoming elections, feel India's top businessmen.

Kargil conflict to cost exchequer Rs 1,600 crore
The Kargil conflict is expected to cost the exchequer Rs 1,500 to Rs 1,600 crore and the onus of mobilising additional resources for meeting the unforeseen expenditure will fall on the next Government.

George Fernandes warns Pakistan
Defence Minister George Fernandes has warned Pakistan against backtracking on its commitment on withdrawal of forces from Kargil saying it will have to face grave consequences.



  Scant rainfall in central India worries agricultural ministry
  Rice exports slump 54% on lower global demand
  New Zealand vows WTO action on US lamb curb
  Local corn price stunts Philippine poultry growth
  Textile imports rise 6.80% in 1998-99
  S African gold barons fight dismal prices
  Mauritius serenades Maruti, Telco to set up units
  Investments flow into UK despite euro, Asian woes
  The Kargil Cause
  No talks with Pakistan till camplete withdrawal of intruders -- Mahajan
  Congress seals alliance Jaya
  Executive Briefing
  India to float human development index
  DoT gives telecom cos 10 days to decide on switchover
  Briefing
  Gujarat may get $600m power loan
  Centre asks Delhi govt to manage power system to avert collapse
  Iran keen to export natural gas to India
  HERC issues power procurement, load forecast norms to HVPN
  Govt to seek CEC nod for securitisation of power sector dues
  Major ports show 9.6% rise in Q1 traffic, JNP tops with 3.34 mt
  Gujarat undertakes road linkages to private ports on priority basis



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