The Financial Express -- Economy

Monday, August 18 1997

BZW expects industrial recovery in next 12 months

The third-quarter report from BZW India (January-December) has forecast that FY98 earnings will grow by 18%. Thus, industrial growth is expected to be strong in the second half, considering that the report expects the first half results to be relatively poor.

Government agencies to opt for tenders in jute purchases

Government agencies are likely to stop procuring jute goods through the Directorate General of Supplies & Disposals (DGS&D). Jute industry sources stated that the institutions would opt for tenders instead.

Nitrogen nutrient demand to be pegged at 179 lakh tonnes by 2001-02

The Union agriculture ministry has estimated that the demand for nitrogen nutrient in the country will rise to 178.82 lakh tonnes by 2001-02 as price correction in urea was not resorted to in time.

Delhi court orders Centre to reconsider zinc import ban

Iffco to set up tidal port jetty at Kandla

World Briefing -- Hong Kong dollar under pressure

Inflation inches up to 4.05%

Rupee correction on cards, says Reddy

Unrelated diversification

Certain industrial units can avail of 30% exemption on taxable profits

Financial Briefing -- Interest rates seen moving upward

Banks may cross FCNR loan limits