The Financial Express -- Economy

Tuesday, August 12 1997

FIIs cheer move to cover debt, see deluge of funds

The foreign institutional investors (FIIs) have termed the Reserve Bank of India's move to allow them to cover their debt investments as a major one which could open the floodgates of foreign debt funds flow into India. Foreign funds have hitherto been fighting shy of investing in Indian debt despite several encouraging factors and measures announced earlier.

SEBI may not renew licences of errant merchant bankers

The Securities and Exchange Board of India (SEBI) is unlikely to renew the licences of merchant bankers currently being investigated by it for not fulfilling underwriting commitments.

Non-imposition of tariff barrier for sugar units a retrograde step

The Union finance ministry's decision not to impose any import duty on sugar will come as yet another blow to the domestic industry. In the case of sugar, it must be viewed in the perspective of the controls which have shackled it.

EC re-opens anti-dumping probe into textiles

FIIs allowed to cover debt investments

Centre to sketch oil bonds nitty-gritty soon

Minimum landed price for used tyre fixed

Reserve Bank pegs coupon on 8-year paper at 11.19%

Wagon manufacturers irked by railway ministry's move on tender

RBI supervision wing to beef up computer network

High port costs dent domestic traders' morale, bottomline

Electricity regulatory authority planned

Industry seeks sops to boost tyre exports

Private banks worm into PSU banks' market share

Financial Briefing -- Concern over printing currency abroad