The Indian Express
The Financial Express
Latest News
World News
Union Budget
EIW
Market Indicators
Screen
Celebrity Chat
Express Computers
Advertisers Forum
Career India
Business Forum
Match Maker
Express Properties
Palki - Travel & Tours
Travel & Tourism
Information Technology
Astrosurf
Eco-India
Dr Know
Graffiti
Crossword
Drumbeat: Ad Buzzaar
|
Tuesday, May 26, 1998
| |
New hydel policy to allow pvt participation; fresh initiatives for power proj.
The new hydel policy will announce a series of incentives for private sector participation in undertaking hydel projects either as a joint venture with a public sector undertaking or even independently. The Union power ministry said the the hydel plan and policy initiatives for mega power projects and the new liquid fuel policy would be made in the coming session of Parliament.
 |
|
Budget to target 5.5% fiscal deficit, says Merrill Lynch
Merrill Lynch, in its pre-budget review, has said that the forthcoming union budget would be a compromising one, combining fiscal stimulus and an attempt to reduce the deficit. The fiscal deficit would be targeted at 5.5% of the GDP from the current 6.1% for which revenue increases would be sought and certain sectors, such as insurance, may be opened up for limited foreign participation.
|
|
Private sector funds' collections rise 205%
Private sector mutual funds have outstripped their public sector counterparts (excluding Unit Trust of India) in terms of funds mobilised in fiscal 1997-98. Figures collated by Sebi on the break-up of funds mobilised reveals that the collections by private sector mutual funds were at Rs 1,014 crore which is 205 per cent more than the funds mobilised by the public sector mutual funds at Rs 332 crore.
|
"Surcharge on import duties will help petrochemical industry"
The south-east Asian turmoil has led to a crash in prices of petrochemical products, posing a severe threat to Indian markets, and the budget can support the industry by effecting a temporary levy in the form of surcharge on import duties, said Indian Petrochemicals Corporation Ltd's (IPCL) chairman cum managing director KG Ramanathan.
|
|
|
|
World Bank aid for Gujarat highways
The World Bank has sanctioned a Rs 1,524-crore ($381 million) project for modernisation of highways in Gujarat. In a message to state chief minister Keshubhai Patel from Washington on Sunday, state road and building minister Savji Korat said the bank has agreed upon the loan agreement for the state highways.
Standard & Poor's alters six companies' foreign-currency rating outlook
Global rating agency Standard & Poor's (S&P) on Monday revised the foreign-currency rating outlook of six Indian corporates, including Reliance Industries and Telco, and three financial intermediaries -- IDBI, ICICI and Bank of Baroda -- from stable to negative. The long-term ratings have, however, been retained at BB-plus (BB+).
|
|
 Tea, food whip up Sri Lankan firm's bottomline
China to maintain support prices for grains
Duty restructuring for steel mooted
Australian wine industry toasts record vintage
Alkali manufacturers' body seeks 10% hike in import duty for caustic soda
Asean emerges important trade destination for India
Rupee touches all-time low of 41.18 on S&P's trigger
Normal rains again this year, forecasts the weatherman
Soft drinks majors see sharp rise in sales
Executive Briefing
Nine-year paper likely to get a tepid response
Yields on commercial papers up 200 basis points on S&P caveat
Dollar hits a seven-year high
Orissa allows foreign tieups in gold, diamond and gems secto
|
|
