Wednesday, April 7, 1999
Govt defines terms for PSU divestment
The Cabinet has cleared a policy which states that only public sector units manufacturing defence items such as arms and ammunition or those relating to atomic energy and railway transport will be considered to be `strategic'.
Maruti, Honda under pressure to meet Fiat's pricing
Makers of luxury cars in India, including market leader Maruti, are under pressure to reduce their prices following Italian car maker Fiat's decision to price its luxury car Siena far below all the models available in the market.
Export sops not matching returns -- MoF
Notwithstanding better coordination with the Ministry of Finance (MoF) as claimed by the Ministry of Commerce, the former firmly believes that the concessions granted to exporters are not commensurate with the returns.
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