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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.


Corporate Results


  Plantation body flays report on labour rights
  Coffee exports hit on low buying offers
  Kazakhstan assures payment of $11m dues to Indian tea firms sans penalty
  Garment body urges Centre to simplify export quota norms
  Gujarat's infrastructure plan looks set to achieve target
  Analysts see pressure on yen ease on back of robust growth
  West Bengal does an about turn on World Bank loans
  US steps up criticism of India's N-doctrine
  Steel companies see rise in prices
  Customs cell alleges money laundering by Unicorp firms
  Kargil tax decision likely in October -- Sinha
  Fake ballot boxes stir Bihar politics
  Uptrend in economy unlikely to be sustained -- DBS Securities
  Retail push? In a while, Crocodile
  Briefing
  Pawar fills the third slot, ropes in RPI faction, SP and JD(S) as allies
  Mulayam, Phoolan in SP's list of 94 for Lok Sabha
  Vajpayee, not BJP, is the magic word in most of UP
  Seat-sharing in Bihar -- Cong, RJD make rival claims
  Sonia takes Amethi to prove trans-Vindhyan charisma
  Congress winning horses in Orissa stay out of race
  TN poll history gives NDA reason to smile
  Newsmaker
  Executive Briefing
  RBI group recommends returns system
  Calcutta tea auction witnesses divergent trends



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