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Wednesday, September 30, 1998

Centre may correct GDP anomaly to seek greater IMF largesse
In a bid to reverse the decline in India's quota with the International Monetary Fund (IMF), the government has stepped up its efforts to correct under-estimation of the country's GDP and foreign trade.

Law ministry vents ire against move to extend celltel operators' licence tenure
The law ministry has objected to the extension of the licence period for cellular operators in non-metro circles from 10 years to 15 years, warning that the move may be legally and constitutionally unsustainable.

Centre flayed for allowing 100% FDI in tobacco sector
Former minister for health and family welfare Renuka Chowdhury on Tuesday came down heavily on the central government's announcement allowing 100% foreign direct investment (FDI) in the cigarette industry by a multinational company (MNC).


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  Singapore sees slow growth as crisis bites
  US Fed may trim interest rates to safeguard economy
  Export processing zones are a mixed blessing, says ILO
  Anwar faces corruption,sex charges
  S Korea posts $ 2.26 bn current account surplus in August
  Maharashtra cabinet clears rehabilitation plan
  SPD victory holds out some hope for third world
  Hydrocarbon sector has potential for investment
  Sugar crushing season extended in Maharashtra
  Rains slow French sugar beet harvest
  Maharashtra seeks Rs 2,000 cr aid for Mumbai's transport plan
  Japan LDP to offer plan to boost weak banks
  China central bank silent on forex reports
  Gujarat unveils maiden infotech policy
  Foreign funds turn net buyers
  FIIs lure Sebi staff with hefty pay packets
  Four-week stir cripples powerloom sector
  Leather exports to Germany down


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