Saturday, August 15, 1998
Divestment panel to get back full powers
The Centre is set to restore the full glory of Disinvestment Commission, in addition to arming it with statutory powers for making the divestment process more credible.
Current account deficit may go up: RBI
The Reserve Bank of India (RBI) has admitted to the possibility of the current account deficit (CAD) climbing to two per cent of GDP during the current year from 1.7 per cent during 1997-98.
AI earmarks Rs 20 crore for VRS
Loss-making Air India is gearing up to launch a voluntary retirement scheme with a corpus of Rs 20 crore by the end of the current fiscal. A draft plan has been already made in consultation with the department heads which would be sent to the board of directors in its next meeting for approval.
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