The Financial Express -- Economy

Saturday, August 9 1997

WB drags feet on Mumbai urban infrastructure project

The Mumbai urban infrastructure financing project submitted by the Mumbai Metropolitan Development Authority (MMRDA) has been held up by the World Bank. The World Bank has advised the concerned agencies to hold back the project preparation work until agreements on institutional arrangements were finalised.

More incentives on way for non-conventional energy industry

Union minister of state for non-conventional energy sources Jai Narain Nishad has disclosed that his ministry had modified the existing `National programme on energy recovery' to include more attractive fiscal and financial incentives.

Strong rupee hurting exports

An overvalued rupee is hurting Indian export growth, global investment bank Merrill Lynch said in an India report. "Exports grew at only four per cent during the financial year ended 1996/97 (April-March), against an 18% average growth rate for the previous three years," Merrill's economic monthly says.

Technology Requests -- Asbestos free brake lining pads

Sale of consumer items arm not complete

FIs enjoy better status: BoI chief

Despite timely Russian export PGMs up sharply

Multimedia business offers riches to the creative

Haryana to develop four aerodromes