The Indian Express -- Business

Saturday, May 3 1997

FOREX RATES INDICES STOCK

Fall in petrol, fertiliser output hits industry

Declining output of crude petroleum, nitrogenous fertiliser and hydel power generation is adversely affecting the overall performance of the basic infrastructure industries in particular and industrial sector in general.

Plan panel `no' forces slash in aviation budget supports

Faced with the refusal of the Planning Commission to meet its demand for budgetary support, the Union ministry of civil aviation (MCA) has been forced to significantly downsize its budgetary support requirements to Rs 885.27 crore from the initial Rs 1,273.46 crore sought for the Ninth Plan (1997-2002).

RBI cuts SLR by 2.5% for finance companies

The Reserve Bank of India has cut the statutory liquidity ratio (SLR) requirements for non-banking finance companies (NBFCs) by 2.5 % to 10 % from 12.5 %. The SLR requirement of loan and investment companies as well as residual finance companies has also been amended by the central bank and has directed the NBFCs to maintain SLR on a quarterly basis, rather than on a daily basis.

Pivotals suffer setback

GRIDCO terminates contract with BSES

Bonus likely from Indian Rayon

Wary bidders spark spurt in call rates

Nod for Statefarm projects

Toshiba scouts for partner

DoT sops for ailing ITI

Bizbits -- Silver flares

Rs 11 crore plan to provide water to Vidharbha

Gujral targets Ibrahim for AI's skewed schedule

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