The Financial Express -- Economy

Friday, December 26 1997

Eight projects cleared under balancing investment plan

The government has approved eight projects worth Rs 23.60 crore under the new "crucial balancing investment scheme," which aims at removing impediments in export promotion. Broadly, the scheme covers investment required for quicker and strategic removal of bottlenecks and for general export facilitation.

Mergers, acquisitions in financial sector advocated

The Reserve Bank of India has strongly advocated mergers and acquisitions in the financial sector. This is for the first time the central bank has indicated that mergers and acquisitions are likely to become the order of the day in the financial sector.

Financial sanctions by FIs dip 12.7%

The five all-India financial institutions -- IDBI, ICICI, IFCI, IIAI and SIDBI -- registered a 12.70% dip in sanctions in 1996-97 while the disbursements grew by 7.20%. The five institutions together disbursed Rs 33,312 crore and sanctioned 45,876 crore during the fiscal.

Suspended Symbiosis director puts in papers

State Briefings -- Bill to fight superstition on the way

American food chains queue up to open shop

IMF, 13 nations vow to speed up Seoul aid

China plans to woo foreign investment

Rs 5,594 crore mobilised via FCCB, GDR issues

Financial sanctions by FIs dip 12.7%

Trade deficit widens by $683 million to $2,496 million

Fiscal deficits of states all set for quantum jump

Increase output, urges Swraj Paul

Public debt to GDP ratio seen falling

Japanese firms find racketeer relations hard to sever