Troubled exports
Commerce minister Ramakrishna Hegde has finally come out with an export target of 11%, in US dollar terms, for 1999-2000. Even so, it has been greeted with skepticism in the light of the dismal export performance last year and the year before.

Escrow dilemmas
The Andhra Pradesh government has reportedly decided to extend escrow cover to IPPs only one month prior to the start of commercial operation. If this is so, no IPP will ever be operational in AP.

SAIL may prove McKinsey doomsday prediction wrong
Mckinsey's prediction of a Rs 5000 crore loss for SAIL in a few years gives the feeling that doomsday for the company is not far away. However, the change in the external environment taking place currently may well prove the pundits wrong.

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