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Monday, August 24, 1998

Special vehicle may securitise state-run units' power dues
The power ministry plans to create a special-purpose vehicle in a bid to securitise the dues of central power-sector undertakings

Ministry asks fertiliser units to reorient production strategies
The Union fertiliser ministry has cautioned the PSUs and cooperatives to reorient their production and marketing strategies to face the new challenges likely to emerge in the fast-changing scenario. It has stated that in near future while the demand for chemical fertilisers in solid form may continue, challenges may come from greater demand for product mix.

Debt-ridden Maharashtra mulls populist formula to revive sleeping giants
The ruling Sena-BJP state government, in yet another populist move, plans to revive the ailing Vidarbha Development Corporation, Marathwada Development Corporation and Konkan Development Corporation, along with their subsidiaries, with an accumulated loss of over Rs 84 crore. The government proposes to take on the Rs 109-crore liabilities of these corporations.


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  Fernandes raps Jaya for `irresponsible behaviour'
  Political meddling has derailed railways
  Centre plans export industry status for tourism
  Annual crude import deals set to pave way for long-term cont
  Domestic economy faces rocky road to recovery
  New policy to woo corporate investments
  Executive Briefing
  Fertiliser industry hails government decision to increase subsidies
  Chemexcil exports steady at $2,985m
  After El Nino, La Nina threatens Asian nations
  Infrastructural bottlenecks hit salt exports
  Bihar's huge granite deposits lie untapped
  Centre to table revised bills on farmers' rights, bio-diversity conservation
  Commodity Briefing
  International companies seek licence for digging mines in Rajasthan
  Crop productivity in Punjab, Haryana on the decline, says ICAR study
  Wheat production in Rajasthan up by 14 lakh tonnes
  Sericulture on a comeback trail in Kerala
  Rajasthan farmers discard jowar, switch over to soyabean cultivation
  China copper outlook bleak following floods
  Uttar Pradesh reaps modest wheat harvest
  Post-sowing progress satisfactory in major cotton growing states
  Competition hots up among makers of continuous cast copper rods
  Policy changes to spur growth, says textile minister
  Solar air-heating system to reduce processing cost of plantation firms
  Tea no more under the ambit of Essential Commodities Act
  Sri Lanka takes over textile loans
  Remote sensing survey to help groundnut production forecast
  Interest subsidy to textile mills to be met via surcharge
  Indian scientists target silk genome
  Inclusion of more items under SIL will not boost cotton yarn exports
  European Commission scuttles export-thrust plans
  Manmohan Singh favours increase in core spending
  Polyester put under textiles ministry
  Sugar delicensing puts industry in a spot
  Truck rates may firm up
  Exporters borrow from banks to pay themselves
  Rouble devaluation may hit coffee exports
  Orissa, Madhya Pradesh under drought threat
  SMEs form collective to share costs

ICRA: An independent investment information and credit rating agency


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