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Wednesday, April 29, 1998
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Different strokes
The focus of discussion on the slack season credit policy has understandably been on the practical issue of what changes will be announced. These will directly affect business and industry, and are consequently of great practical importance. There is, however, another reason why the policy announcement will be watched with more than ordinary interest, and that is because this is Bimal Jalan's inaugural policy.
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Cable trouble
The six private basic telecom operators -- Essar Telecom, Tata Telecom, Hughes Ispat, Shyam Telecom, Reliance Telecom and Bharti Telecom -- already troubled with hefty licence payments, now have an additional problem. Reports indicate that in a notification issued to all the state public work departments, National Highways Authority of India and the ministry of surface transport, the licencees are not allowed to lay cables on national highway land.
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Imperatives of slack season monetary policy
The Reserve Bank of India (RBI) will be announcing its monetary policy for the slack season, or what it euphemistically calls the first-half of 1998-99, on April 29. Some broad indications have emerged on the trends in important economic variables in the year which has just concluded for the bank to formulate its policy for the next year.
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Essel: Better discounting
For Essel Packaging's stock, nothing could have been better than a shift to the forward list on the BSE. The shift has seen a spectacular jump in volumes on the Essel counter. While the shift to the forward list has helped volumes, good fundamentals have propped up the stock price.
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