The Financial Express -- Economy

Monday, July 21 1997

Excise levy on TV sets may be based on MRP

Excise levy on television sets may soon be calculated on the maximum retail price. The department of revenue is already looking into complaints of large-scale under-valuation in these brown goods.

Scramble for long-term paper to trigger mismatch

The liquidity overhang has forced commercial banks to make a beeline for long-term government securities. The sudden shift in focus is an indicator that banks expect long-term interest rates to come further down in the days to come.

RBI to devise format for NBFC accounts

A joint committee of the Reserve Bank of India (RBI) and the Institute of Chartered Accountants of India (ICAI) will soon suggest new formats of financial disclosures to indicate the true financial health of the non-banking finance companies.

Centre may dilute stake in A-I to 49% in couple of years

Australian report accuses NZ of spoiling foreign policy

The Index -- Rubber production

State-run units rake in the moolah, outstrip private firms

Nabard Act amendment on dividend payment soon

Time limit for remitting export proceeds can be extended

New aviation policy may restore Bangalore airport plan

India to ship tea to Iraq for oil

Contractual foreign investment in China plummets 50%

Cotton yarn: counting on higher `counts'

Trade Briefing-- Rubber prices stage a recovery

Infrastructure meet to fix nitty- gritty