
Friday, August 20, 1999
NDA vows to boost markets; to allow provident funds to invest in equities
The BJP-led National Democratic Alliance (NDA) has promised to give a big boost to the capital markets by allowing provident funds (PFs) to invest in equity and strengthening mutual fund industry for channelising retail savings.
Bring fiscal deficit below 4%, says SP Hinduja
The unlimited borrowing by the Government and the runaway increase in subsidies and non-plan expenditure could lead to crowding out of credit/investment needs of industries and to other undesirable consequences.
Air fares down to realistic levels -- Aviation secretary
Welcoming the slashing of fares by domestic airlines, civil aviation secretary PV Jayakrishnan has said that the ongoing fare war indicates that domestic air fares were overpriced earlier.
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