Monday, December 28, 1998
Sinha in despair
Even two months ago, the finance minister boldly talked of holding the fiscal deficit to the targeted 5.6 per cent of GDP. Now he assures that it will be `definitely' less than 7 per cent.
New-found faith
Close on the heels of Telco, Ashok Leyland the other commercial vehicle major has also reportedly hiked production. A move, which has been undertaken largely in anticipation of better offtakes during the last quarter.
Tinkering around with NBFC regulations
It has become a new year ritual of tinkering with the regulations and directions relating to non-banking financial companies (NBFCs).
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