
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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