
Friday, June 26, 1998
Power sector funds requirement pegged at Rs 1,992 billion
The funding requirement for the power sector has been pegged at the highest at Rs 1992 billion by 2001-02. This is followed by Rs 700 billion for the oil and gas sector, Rs 464 billion for the telecom and Rs 441 billion for the roads and ports sector till 2001-02.
Experts silent on sanctions, Moody's fallout on core projects
Merchant bankers and economists gathered at the Euromoney conference for the annual brainstorming, concurred that the implications of both the international credit ratings and the US sanctions were still unclear.
Rangarajan asks FIIs to look at India's strong economic fundamentals
Former Reserve Bank governor C Rangarajan has called upon the foreign investors to "be your own credit rating agency" and urged them to look at India's strong economic fundamentals. Speaking at the Euromoney conference in New Delhi yesterday, he further reiterated that the fundamentals of the economy in general and more particularly in relation to external sector continue to remain strong.
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