Thursday, September 24, 1998
Rollbacks will strain fiscal deficit, says IMF
The International Monetary Fund has severely criticised the rollback of budgetary initiatives and has pointed out that the government will not be able to contain fiscal deficit at 5.6% of GDP on account of slippages in revenue-expenditure estimates.
Vajpayee may voice approval of CTBT's broad contours
Prime Minister Atal Behari Vajpayee, in his address to the 53rd United Nations general assembly on Thursday, will announce India's willingness to subscribe to the broad contours of the Comprehensive Test Ban Treaty (CTBT).
Merchant bankers prepared to sell state-run unit stocks at a discount
Domestic merchant bankers have proposed to the Union finance ministry that they are willing to sell public sector undertakings (PSUs) shares at a discount to banks and financial institutions. The finance ministry has said that it is willing to sell PSU shares at a discount to the retail investors to revive the markets.
|
|
