Panel wants Railways to limit market borrowings
The Parliamentary Standing Committee on railways has rapped the railways for its increased dependence on market borrowings which has gone up from Rs 1,850 crore in 1996-97 to Rs 2,150 crore in 1997-98.
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US eases embargo on Iran
The United States has begun to ease the stifling economic isolation of Teheran. As a first step, Washington will not oppose a $1.6 billion pipeline that will carry huge quantities of Central Asian gas across Iran.
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