Sunday, October 25, 1998
Vajpayee puts economy on `long road' to recovery
Prime minister Atal Behari Vajpayee on Saturday unveiled a fresh package of economic reforms aimed at reviving the sagging capital market and stepping up investment in the infrastructure sector. The highlights of the package include proposals to allow buyback of shares and do away with statutory approvals for inter-corporate investment.
SEBI hikes creeping acquisition limit
Close on the heels of Prime Minister's announcement of greater freedom for the corporate sector under the takeover regulations, the Securities and Exchange Board of India (SEBI) on Saturday decided to increase the creeping acquisition limit of promoters to 5% from 2% and the threshold limit for public offers to 15% from 10%.
CII charts plan to expedite infrastructure projects
The Confederation of Indian Industry (CII) on Saturday presented a seven-point action plan to the government for speeding up implementation of infrastructure projects at the end of its three-day seminar on infrastructure.
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