Saturday, December 19, 1998
RBI dilutes NBFC deposit-taking norms
Bowing to intense pressure from the industry, the Reserve Bank of India on Friday further relaxed deposit-taking norms for non-banking finance companies (NBFCs).
Cabinet okays 100% FDI in roads
The Union cabinet has okayed automatic approval of foreign equity up to 100% for undertaking construction and maintenance of roads, highways, bridges, toll roads and vehicular tunnels as also ports and harbours.
Tax arrears estimated at Rs 37,000 crore till Sept
The total outstanding arrears of income tax and corporate tax in the country stood at Rs 37,796 crore as on September, 1998, the Lok Sabha was informed on Friday.
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