The Financial Express -- Economy

Saturday, August 16 1997

Foreign exchange assets at $3.9 billion: Reddy

With the influx of capital continuing in 1997/98 the country's foreign exchange assets as of August 8 stood at $3.9 billion, according to Reserve Bank of India deputy governor YV Reddy.

HC stays state order on sell of cane out of zones

he Bombay High Court has stayed the Maharashtra government's order allowing non-members to supply sugarcane to the factory of their choice outside the zone.

Effective use of capital still a problem: RBI

High and sustained growth is the answer to India's many social and economic problems and the role of central bank will increase as the economy becomes increasingly complex and competitive, the Reserve Bank of India governor, C Rangarajan said.

Automakers drive into a dead end at Autofest '97

Gujral promises to liberalise facilities for NRIs

Mayawati govt still dilly-dallying over power privatisation

Alexander stresses need for `participatory' democracy

Coin sales minting exorbitant premium on shortage

Ficci taskforce mooted to look into overall tariff structure

India calls - but not loud enough to be heard by globetrotters

Trade guarantee fund for setting up defaulter panel

Income tax draft bill plans to delete MAT

Malaysia does the opposite to what Chidambaram says

Redenomination of currency is mistaken optimism

Doordarshan projects net income of Rs 425 crore

World Briefing -- Firms issue warning on price plans

Japan department stores sales decline