Monday, August 31, 1998
Nation may "pay a cost" for RIB, says Sinha
Union Finance Minister Yashwant Sinha speaking at the Federation of Andhra Pradesh Chambers of Commerce and Industry in Hyderabad (FAPCCI) admitted that with the interest rate pegged at 7.75 per cent, the country may have to "pay a cost" at the end of five years when the Resurgent India Bonds (RIB) come up for redemption.
Govt flayed for ignoring PSUs in panel
The apex body of public sector undertakings (PSUs) flayed the government for ignoring PSU representatives in Prime Minister's panel on trade and industry to reorient policies for higher economic growth.
MMTC out of SBI JV in Moscow
State Bank of India (SBI) has decided not to have Minerals and Metals Trading Corporation as a partner for its proposed subsidiary in Moscow. SBI has decided to go it alone for business reasons.
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