Finance firms ordered to file return on liquid assets
The Reserve Bank has taken a serious view of the non-compliance of the law requiring non-banking financial companies (NBFCs) holding public deposits to furnish a return on liquid assets.

Cross-border loans tumble 60% on Asian flu, country downgrade
The Asian financial crisis and country rating downgrades have taken their toll on cross-border loans with deals contracted during 1998 falling by over 60% to $1.47 billion from $5.18 billion in 1997.

Mumbai court stays service tax norms for chartered accountants
The Mumbai high court have stayed the operation of the provisions of service tax on chartered accountants, which had come into effect from October 16, 1998.

  Coffee cultivation may pick up in Kerala
  Taiwan microchip giant upbeat about 1999
  Uzbeks delay aircraft firm tender, say low demand
  Plantation firms' body urges Sebi to lower net worth requirement
  "Japanese economy will change for the better in mid-1999"
  EU rethinks subsidies to boost wheat exports
  Blended yarn industry faces troubled times
  FM may take subsidy bull by the horns
  Rubberwood exports may replace timber, says Capexil delegate
  Drumstick to become hot property
  Poor quality pushes down cardamom price
  Asian rubber producers postpone ministerial meet
  Gulf crudes firm
  Asian oil product swaps steady
  Chennai port chief terms terminal charge hike illegal
  Firms exporting seafood to EU goes up to 59, 20 more in offing
  Once-bitten Sinha may tread chary subsidiary path
  Alternative crudes exert pressure on Gulf oil trade
  Japanese naphtha prices remain weak on mellowed buying interest
  Institutions to appoint engineers to keep a tab on projects
  China likely to cut 1999 crude exports
  Cotton prices in Rajasthan poised for an upward jump
  Orissa urges centre to relax quality norms for rice procurement
  Good crop prospects apply brake on pulses price spiral in Delhi
  TextileTuf to enable textile units to face free-for-all
  South Korea to import 5 lakh tonnes soymeal from India
  Cotton yarn output slides, registers negative growth in 1998-99
  Palmoil, sunflower imports soften edible oil prices
  State-of-art technologies mooted for clean coal
  Terminator to boost seed firms prospects at the cost of food security
  More items to be shifted to special import licence, free import list
  Japanese aluminium metal buying seen up after April
  Centre plans study to spot gaps in coal production
  `EU nations pitch for greater say in G7'
  Asia Aluminium-Spot premiums red hot on shortages
  Venezuela's Chavez outlines oil policy compromise
  WGC, BIS to set up assaying centres
  Edible oil market in bear grip, crisis may worsen
  Samman plan not to honour small tax-payer
  Kamath panel suggests opening up of KU-bad frequencies
  Centre to put 12 more ITDC hotels on the block
  New Ferro Alloys Industry coming up
  Executive Briefing
  International jewellery expo