The Financial Express -- Economy

Tuesday, August 26 1997

Centre makes provisions for fixing coal royalty

The Centre is making provisions for fixing coal royalty on an ad valorem basis. Disclosing this, Union minister for coal Kanti Singh, said her ministry has set up a committee to recommend the modalities for fixing the rates.

One-year moratorium for export, star trading houses unlikely

The Centre is against granting a one-year moratorium for export/trading/star trading/super star trading houses. However, it has relaxed the criteria by scaling down the growth rate for these exporters to 25% each in 1997-98 and 1998-89, instead of a 100% increase proposed for them for three years ending 1999-2000.

Ministry recommends additional credit for rubber industry

As part of its effort to steady dormant rubber prices, the Union commerce ministry has recommended to the Reserve Bank of India (RBI) to extend additional credit to the rubber consuming industry for procuring more stocks.

Arunachalam spikes Snamprogetti's bid for $1.2 bn project

RBI to hike threshold limits for hire purchase, leasing cos.

Cabinet clears Fema, skips decision on hiking of petro price

Court tells RBI to issue norms on loan dispute arbitration

Trade Briefing-- India sells cheaper diesel, kerosene

Sri Lanka traders see profit in sapphires

Centre pulls up Maharashtra on mill land sale

Maharashtra to formulate disaster management plan soon

Bearings majors to move ministry over anti-dumping duty

Ministry chalks out scheme to modernise patent offices

Two-day bank strike likely to be called off

More state roads may be highways