Wednesday, November 25, 1998
UTI drops millennium bond plan
The finance ministry has decided not to go ahead with the India millennium bond issue of Unit Trust of India (UTI) following the Unit Scheme-64 fiasco. The issue, targeted at the international investors, was to garner $ 500 million to fund infrastructure projects.
RIL keen to take up plantation
Ivin D'Souza, chairman, KSCDC, has said that Reliance industries had come forward to take up extensive cashew plantation in the state adopting modern methodology and had sent a proposal asking for 5,000 hectares of land for developing cashew plantation at a cost of Rs 116 crore, which had been recommended to the government.
CVC moots electronic clearance
The Central Vigilance Commission has drawn up plans to make it mandatory for listed companies to switch to electronic clearing system and nationalised banks to computerise at least 70% of their operations.
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