The Indian Express

Thursday, July 24 1997

The takes you to the story

"No" to Tata-SIA may affect FDI: Sachs
The shooting down of the Tata-Singapore Airlines (SIA) joint venture by the civil aviation ministry may hinder the inflow of foreign direct investment (FDI) to India, according to eminent economist Prof Jeffrey D Sachs.

ICICI sets short-term PLR
The Industrial Credit & Investment Corporation of India (ICICI) has introduced a new floating rate in the Indian market styled short-term prime rate (STPR). The new rate is expected to undercut banks' prime lending rates by a huge margin.

US acknowledges failure of non-proliferation policy
In a subtle policy reversal, the US has tacitly admitted that its non-proliferation agenda vis-a-vis Islamabad has not worked satisfactorily and going back to offering carrots instead of wielding a stick may be a better option in containing Pakistan's nuclearisation.

Blast kills Amarnath pilgrim

Clinton lauds Indian democracy as "model"

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