Tuesday, December 1, 1998
Indian economy slipping: WEF chief
Painting a gloomy picture of the Indian economy, World Economic Forum (WEF) managing director Claude Smadja said that the current financial year might close with a fiscal deficit of 7% of the GDP as against the targeted 5.6%.
Radhakrishnan takes over as new SBI chief
State Bank of India managing director MP Radhakrishnan has become the new chairman at the country's largest commerical bank after Maya Shankar Verma declined to accept a six-month extension offered by the prime minister's office.
MTNL to invest Rs 3000 crore
The Mahanagar Telephone Nigam Ltd (MTNL) has outlined a time-schedule for various value-added services to be introduced by the year 2000 at an investment of Rs 3,000 crore.
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