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26 February 1998
  Power-supply pact deadline seen untenable
Independent power producers (IPPs) have asked for a 90-day extension for achieving financial closure for their liquid-fuel-based power plants as against the March 31 deadline set by the government.
  Cargo hike to boost Cochin port coffers
The Cochin Port Trust (CoPT) expects the proposed revision in cargo and vessel-related charges to net Rs 25 crore in the next fiscal although this has not been included in the budget estimates for 1998-99.

Forex inflow via NRI deposits set to fall this year
Foerign exchange inflow via NRI deposits is set to show a dip this year due to rationalisation of the deposit rates by Indian banks and increasing crackdown on money laundering and tax evasion by the developed nations.
Congress workers at odds over Vadhavan port
While on one hand senior Congress leader Sharad Pawar is publicly opposing the proposed 29-berth international port at Vadhavan, Dahanu, on the other Congress party workers in Dahanu have launched a signature campaign lobbying for the project to start work immediately.


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FIs to crack whip, plan fresh bid to recover dues from polyester firms
Financial institutions (FIs) are believed to have prepared a new offensive to recover their dues from debt-ridden polyester firms, beleaguered by overcapacity and crashing prices. Defaulting companies will soon be asked to come up with a restructuring proposal including rescheduling loans.

South Korea's new president takes oath
Former dissident Kim Dae-Jung took the oath of office as South Korea's new president on Wednesday and in his first pledge to the nation proposed an exchange of envoys with the communist North. It was the first transfer of power from a ruling to an opposition party in South Korea's history.

 


  Indonesian hoarding clamp-down rattles traders
  Asia purchasing power plummets
  Lady Lucre lures listless bankers into merger, acquisition deals
  Gujral throws norms to the winds, shuffles bureaucrats around
  Vajpayee asks minorities to vote for BJP
  Software firms keen on US-returned professionals
  Water lines choked with vessels
  Vanaspati units decry imports from Nepal
  Centre against electronic goods phased indeginisation
  Gold rush continues in developing countries
  Rupee value at 42 will be good for health of the economy
  Executive Briefing
  Web virus turns out to be hoax
  Cong workers at odds over Vadhavan port
  Maharashtra Briefing