
Thursday, December 24, 1998
Centre thinks up mega plan to save budget, may opt for PSU buyback
The finance ministry plans to mop up around Rs 10,000 crore by asking public sector undertakings to buy back their shares. The issue was discussed at a meeting on buyback called by finance secretary Vijay Kelkar on Wednesday.
New vigilance panel chapter to come into force from new year
The Central Vigilance Commission (CVC) has finalised guidelines for public-sector banks and the Central Bureau of Investigation (CBI) for checking frauds and helping bankers to be pro-active in taking credit decisions.
Fiat on Companies Act changes to be promulgated again
The government is set to repromulgate the Companies (Amendment) Ordinance shortly to bring about some changes to the Companies Act now in force.
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