The Financial Express -- Economy

Thursday, June 19 1997

RBI working out modalities for full convertibility

The Reserve Bank of India (RBI) is working on the modalities to achieve certain aspects of the capital account convertibility (CAC) by end of the current fiscal year as recommended by the Tarapore committee, if the rate of inflation and the government fiscal deficit remains stable at the present levels.

Panel moots greater freedom for ports authority

The working group on the surface transport ministry has suggested more financial and administrative powers to the ports authority and allocation of adequate funds to make them commercially viable.

Foreign companies woo Indian sailors

The Indian shipping industry is facing a major brain drain as most of the qualified personnel mainly the floating staff of most of the Indian companies are leaving the shore to join foreign vessels in search of name, fame and riches. The reason being the low remuneration package which these professionals are commanding in India.

State Bank strike: North Block may intervene

Deficits major hurdle before full float

Under-invoicing of polymer imports in Kandla suspected

Well-known names emerge unscathed

The panic is waning, but confidence in NBFCs is not waxing

Financial Briefing -- CBI for prosecution of SBI officials

Two-dose hike in NBFCs SLR

Orissa wary of fly-by-night operators

Corporate Briefing -- Great Eastern Shipping net falls

Deposit mobilisation runs aground

Finance ministry, CBDT at odds over VDIS immunity

World Briefing --Intel seeks judgement in Digital case