Monday, March 29, 1999
Exim policy likely to revise DEPB rates
Revised rates for export items covered by the duty entitlement passbook (DEPB) scheme and lowering of the Rs 20-crore threshold limit to Rs 1 crore under zero-duty export promotion capital goods scheme (EPCG).
ACC to sell two more power plants to Tata Electric Companies
The Associated Cement Companies (ACC), in a bid to garner funds following the failure of its plan to make a preferential allotment of Rs 100 crore of shares to the Tata group, has decided to sell two more of its captive power plants to the Tata Electric Companies (TEC).
RBI to miss March 31 deadline for Y2K compliance
The Reserve Bank of India and all its branches will be Y2K compliant only by end-May 1999, missing the March 31 deadline it has set for banks and non-banking finance companies.
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