Friday, November 13, 1998
FM plans another package to salvage economy
The government is contemplating a comprehensive package of incentives for revival of economy in general and specific sectors in particular and proposes to expand the list of PSUs for disinvestment during the current fiscal.
MoF agrees for disinvestment trust
Finance ministry has agreed to Disinvestment Commission's suggested mechanism to permit divestment in PSUs by transfer of shares to a national shareholding trust as an alternative to the special purpose vehicle route.
Import duty on steel to be revised soon
North Block plans to issue a notification by the week-end, revising the import duty structures for some grades of steel, like "defective," and some steel-making raw materials. The mid-term revision of import duties on steel and its inputs, was recommended by a working group, set up by the finance minister last month.
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