Monday, January 4, 1999
Warehousing plans
There are two ways of viewing the centre's attempts at bridging the yawning fiscal gap by "warehousing" government shares with public-sector institutions.
A sober start
The New Year has started on a sober note. The projected GDP growth rate for 1998-99 is reported to be close to the previous year's low.
Takeover code will have to weather challenges
The SEBI Takeover Regulations, which seek to regulate takeovers of listed companies, were originally released in 1994, and substantially revised in 1997. The 1994 code had several drafting anomalies leading to controversies as in Bombay Dyeing-Ahmedabad Electricity, NEPC-Modiluft, etc.
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