Cabinet allows multipoly in basic, cellular
The Union Cabinet on Friday permitted entry of new cellular and fixed telephone providers on a revenue-sharing basis and a one-time entry fee.

RBI threatens to cancel NBFC licences for Y2K non-compliance
The Reserve Bank of India (RBI) has threatened to cancel non-banking finance companies' (NBFCs) licences if they fail to become Y2K compliant by March 31.

Centre allows firms with 20% foreign equity to uplink
The Union cabinet has allowed private broadcasters to set up uplinking facilities in the country with up to 20% foreign equity.

  Canada proposes `debt-forgiveness' for poor countries
  Banks refuse French Government's latest request to talk with BNP
  India plans to increase social sector spending
  Kerala SEB may fall deep into red by next millennium
  Reserve Bank plans to keep WMA limit intact
  ADB plans to disburse $600 million during the fiscal 1999
  Centre sets up task force on coop credit institutions
  US lawmaker accuses Pak, China of trying to destabilise India
  Executive Briefing
  Apex court upholds Orissa's policy to distribute chromite mines on lease
  House panel considers giving waterways share in oil cess
  Study gives scary estimate of power sector's water needs