The Financial Express -- Economy

Thursday, June 26 1997

More private funds to help boost social spending

The World Bank's "World Development Report - 1997", which focussed on the theme - The state in a changing world - argued that rising interest payments on India's foreign debt meant that neither the central government nor the state governments could continue to finance both subsidies and heavy public investment.

Tight-fisted FIs may help filter poor sugar projects

All may not be lost for the sugar industry despite the recent decision of domestic financial institutions (FIs) to tighten lending norms. The decision, if implemented, may turn out to be a blessing in disguise as it is expected to retard further fragmentation of the beleagured industry.

Pressler to deliver first Ramnath Goenka memorial lecture

Senator Larry Pressler will deliver the first Ramnath Goenka memorial lecture in Delhi today. Pressler, who introduced the Pressler Amendment in the US Senate which blocked US supply of arms to Pakistan, will speak on "Breaking the India-Pakistan impasse".

RBI cuts bank rate to 10%

Banks to cut prime lending rate, revamp deposit rate

One scam deprives 50,000 SSIs of scarce funds

Hong Kong tobacco industry slams ban on advertising

Nabard sanctions Rs 600-crore loan for infrastructure proj.

Bill Gates and wife set up Internet library fund

CII takes the lead in carrying small man's burden

Deposit rates to fall across the board

Spate of judgments in favour of small units

Hong Kong status in trade seen unchanged

US cigarette makers in search of new markets

No buoyancy in exports seen