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Monday, May 19 1997
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Pressure on Kesri rises
Taking a cue from leaders at the national level, state Congress leaders also exerted pressure on Congress president Sitaram Kesri today to quit before the crucial organisational elections.

Kanshi Ram likens BJP to a cobra
Bahujan Samaj Party chief Kanshi Ram has once again raised doubts about the longevity of the party's alliance with the Bharatiya Janata Party, describing its coalition partner in Uttar Pradesh, "a cobra with an open fang".

Non-committal posture may dent Gujral's credibility
The hands-off approach being adopted by Prime Minister Inder Kumar Gujral to problems that stare him in the face may have a political logic but it gives a wrong signal. It gives the impression of being weak and unable to shape the agenda of the Government and reinforces an image of non-governance.

LF plans gala bash to mark 20 yrs in power
Miffed over the Opposition's criticism of its performance on the economic front, the Jyoti Basu government is planning to strike back by emphasising its most-brilliant achievement: its unbroken 20-year rule of the State. The Left Front has lined up huge celebrations from June 20 to mark the occasion.

Another vital Tamil town falls
Advancing Sri Lankan troops yesterday captured yet another key Tamil town in the north-east Vanni region as they moved further three kms on the strategic Jaffna highway killing 250 rebels and losing 53 of their soldiers in the six days of fierce battle so far.

Mobil Corp plan for wholly-owned arm cleared
The Foreign Investment Promotion Board (FIPB) has cleared the $75-billion Mobil Corporation's proposal to set up a wholly-owned subsidiary in the country.

Williamson Magor to zero in on tea, dry cells
The Williamson Magor group, belonging to BM Khaitan, has decided to focus on its core activities of tea and dry-cell batteries.

Inflation slides below 6%
The annual rate of inflation shed 0.37 percentage points and slid below the 6 per cent mark as it touched 5.98 per cent for the week ended May 3. This is for the eighth week in succession that inflation has maintained a downward trend.

Centre okays AP Proton car plan
The Union government has given its approval for setting up a facility to manufacture Proton cars in Andhra Pradesh following a request made by the Malaysian government last week.

State Bank finetunes warrants payments
State Bank of India (SBI) has decided to tighten the dividend warrant payments procedure. The move is seen as a fallout of the CRB Capital Markets experience. Warrants issued by CRB Capital Markets for its fixed deposit scheme were drawn beyond permissible limits.

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