The Financial Express -- Economy

Wednesday, July 16 1997

Industry must adopt electronic article numbering: Prabhu

Commerce secretary PP Prabhu yesterday urged the business community to adopt the concept of article numbering, bar coding and electronic data interchange (EDI) as a pre-requisite for the country's integration in the global market.

FI exposure cap to single firm set at 25%

The Reserve Bank of India has laid down credit exposure norms for term lending institutions. The exposure limit for a single borrower has been capped at 25 per cent of their capital (equity plus free reserves). In the case of group borrowers, the credit exposure limit has been fixed at 50 per cent.

Move to link bag orders with Jute Corporation purchases put off

The Union ministry of textiles has deferred till August the move to make it mandatory for jute mills to buy fibre from the Jute Corporation of India for supplying B Twill bags to the government.

60 new excise commissionerates next month

Asian oil imports may rise 61% this year

Paper industry set for revival

Monopolies panel to probe STC affairs

The Index -- Import/export norms for cars

Fly in VDIS ointment: what if the taxman raids before giving a clean chit?

Defence exports poised for a big leap

Financial Briefings -- Stronger rupee to hit textiles exports

Italian sales boost European car market

Japan to support Baht with IMF `if needed': Mitsuzuka

Technology Offers -- 777-oil for the treatment of psoriasis

Pakistan rupee devaluation may leave local exporters high and dry

Rs 400-cr duty evasion racket by office-furniture makers busted

Trade Briefings -- Business as usual for British Airways

Japanese firms unmoved by Thai baht crisis

Railways to launch multi modal system