The Financial Express -- Economy

Wednesday, November 12 1997

Govt to set up panel to review small savings schemes

The Union government will set up a committee to examine problems concerning small savings schemes in the country. This was decided at a meeting of state finance ministers yesterday. The meeting chaired by the Union finance minister P Chidambaram identified certain fundamental issues. There was also an overall consensus on the need to reduce the cost of administration of small saving schemes.

Customs dept against concessional duty on electronic hardware

The customs department is not favourably inclined to accepting a proposal of the electronics department for charging concessional rate of duty on electronic hardware products sold in the domestic market using indigenous components. The customs authorities had cited certain administrative problems as the reason for turning down the proposal. However, the electronics department is pursuing the issue with the customs department.

New automobile policy in a fortnight

The Union government is set to announce a new automobile policy within 15 days. The policy will be a modified version of the existing MoU policy. Major changes have been made in the existing policy to make it more transparent.

Reserve Bank ousts Bangurs from Bank of Rajasthan board

Petroleum goods marketing norms restructure on the anvil

RBI pumps in $100mn to stem rupee slide

SBI reinstates two officers tainted in urea scam

Excessive money supply to fuel growth will affect economy

Govt to set up panel to review small savings schemes

Customs dept against concessional duty on electronic hardware

New automobile policy in a fortnight

Japan under pressure to revise tight fiscal policy

Marginal decline in non-food credit by banks

Alagh assures implementation of experts' opinion on Tehri dam

Ports may be out of coastal regulation zone ambit

"VDIS declarants may hold one property abroad"

Ushma Seth raided by taxmen

European socialists play hardball for ILO norms in global trade

Trade Briefing -- Indo-Austrian trade jumps 50%

Orissa seeks equity participation in power corporation