The Financial Express -- Economy

Sunday, December 21 1997

"EC must be flexible on export policy decisions"

Former governor of Maharashtra, C Subramaniam criticised the Election Commission for not allowing the announcement of policy on exports. He called upon the president KR Narayanan to intervene and allow policy decisions to be taken-that have no electoral motive.

CBEC to launch fast-track clearance scheme for imports

The Central Board of Excise and Customs (CBEC) is launching a new fast-track clearance procedure from Jan 1, 1998 for clearance of import consignments. Under the new scheme importers will be authorised to assess their own goods, file bills of entry, make payment of duty on their own assessment and take clearance of goods.

Mumbai overtakes Delhi in cellular phone subscriptions

For the first time, the number of cellular subscribers in Mumbai has overtaken the leader, New Delhi. According to figures submitted by the metro cellular operators to the Department of Telecommunications (DoT) at the end of November 1997, Mumbai with 2,12,825 subscribers topped the list followed closely by Delhi with 2,09,161 subscribers.

Business Aspirations -- Banking on electrical appliances

RBI fiat on nostro accounts sends gilt prices zooming

Second panel on banking reforms set up

State decides to go slow on sale of mill lands in Mumbai

"EC must be flexible on export policy decisions"

Floriculture centre to bloom near Pune

Debate over BJP's strategy for Kalmadi rages on

Thackeray elected Shiv Sena chief for life

China to toughen checks of capital goods imports

Currency crisis could have been avoided

Pharmaceutical body revises ceiling price of 49 formulations

CBEC to launch fast-track clearance scheme for imports