Saturday, January 2, 1999
Bhagwat was displaying `disturbing' tendencies
Defence Minister George Fernandes today said sacked Navy chief Vishnu Bhagwat had been displaying "disturbing tendencies'' for over a year and had "threatened'' his successor Admiral Sushil Kumar with court martial without any valid reasons.
Interest rate on small savings slashed
The government has reduced interest rates on small savings scheme, deposit schemes for retired government/PSU employees and relief bonds with immediate effect.
Maruti faces heavy booking cancellations after the recent price reduction
The recent price cuts announced by Maruti Udyog on Wednesday is threatening to lead to large scale cancellations of bookings made for the 800 cc model. Dealers have been trying to cope with angry customers who are insisting that they be given the benefits of the new price.
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