The Indian Express -- Business

Friday, December 26 1997

FOREX RATES INDICES STOCK

Economic outlook bleak: RBI

The Reserve Bank of India (RBI) has presented a pessimistic economic outlook for the current fiscal saying that the mounting fiscal deficit, sluggish export growth, industrial and kharif crops production may affect the overall economic growth. It has also forecast a possible shortfall in revenue earnings and mounting government expenditure for the state and central governments in its "Report on Currency and Finance 1996-97".

SEBI action against Chhabria soon

K R Chhabria's plans to takeover UB group liquor firm -- Herbertsons have come a cropper. The Securities and Exchange Board of India (SEBI) is all set to ask the former Vijay Mallya ally to either divest his stake in Herbertsons or face prosecution.

DoT to start telegraph through PCOs

The Department of Telecommunications (DoT) is planning to introduce a new service to allow franchised public call office (PCO) to provide telegraph services in places where there is no telegraph office or telecom centre run by the DoT. The scheme was discussed by the Telecom Commission the day before as part of the new drive of the department to improve customer services and broad base them.

Bizbits -- J-Exim to fund Haldia, Spic

Economic outlook bleak

HC orders to wind up of WII

RBI credit to Govt shows surplus

SIL calls EGM to up stake

"Re downfall is only a correction"

SEBI action against Chhabria soon

IMF, 13 nations speed up aid to Korea

DoT to start telegraph through PCOs