The Financial Express -- Economy

Friday, July 11 1997

World Bank aid for tea sector may not brew

A Rs 2,216-crore World Bank assistance sought by the Tea Board, as part of its Rs 3,300-crore project for all round development of the tea sector, has been reportedly held back following differences between the government and the funding agency.

Rs 20-cr threshold for zero-duty facility to stay

The Director-General of Foreign Trade (DGFT) S B Mohapatra has ruled out the possibility of lowering the threshold limit of Rs 20 crore and above under the zero-duty facility of the export promotion capital goods scheme (EPCG) for textiles, engineering and leather sectors.

Rs 3,600cr Japanese bank loan for state road plan

The Sumo Tumo Bank of Japan has agreed to give a loan of Rs 3,600 crore to the Maharashtra state government for its drinking water and road projects in the state.

CBDT specifies property size for compulsory filing of I-T returns

Finance firm questions rating downgrade

No decision yet on privatisation of state electricity board:

Telco-BKU meet over compensation for land deferred indefinitely

Effects of rate cut to be felt in next quarter

Garment-makers may get to import fabric free of customs levy

Stokes buys ABC's Asia satellite channel

RBI announces 6-yr bond auction

Citroen unveils sporty Xsara replacement

Allowances are subject to ESI contribution deduction u/s 2(22)

French firm Lafarge may set up cement unit in Karnataka

Corporate Briefings -- FIPB shoots down Merwanjee stake sale