Thursday, April 8, 1999
Institutions and banks bad debts bloat by Rs 5,000 cr in 7 months
The non-performing assets (NPAs) of the banking industry went up by about Rs 5,000 crore between September 1997 and March 1998 as industrial slowdown gripped corporate India. The aggregate bad loans have zoomed to Rs 28,541.90 crore from Rs 23,805.41 crore during the period.
Hegde aims low, pegs '98-99 export growth at 4 per cent
The export growth rate for 1998-99 will be around 3-4% owing to positive growth seen in the three months starting December 1998, commerce minister Ramakrishna Hegde said. The encouraging measures taken by the Government in the Exim policy would make 1999-2000 better for exporters.
Sinha's budget may ride out the Jaya storm
Yashwant Sinha's budget appears to be safe in the face of the uncertainty looming over the BJP-led coalition Government. The political turmoil, is likely to put Insurance Regulatory Authority (IRA) and Prevention of Money Laundering bills on the backburner once again.
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