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ECONOMY |
Thursday, November 01, 2001
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MoF
releases Rs 400 cr in IFCI bailout package |
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The finance ministry on Tuesday
released Rs 400 crore in the form of 20-year convertible
debentures to shore up the capital base of the ailing IFCI Ltd.
The move paves the way for infusion of the remaining portion
of the Rs 1,000-crore bail-out package approved by the government
in July this year. |
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Fiscal
position will be reformed, state assures World Bank |
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The Maharashtra government,
whose debt liability has shot up at a record Rs 70,528 crore,
in its presentation before the visiting World Bank team has
announced its resolve to maintain the sustainability of the
deteriorating fiscal position, minimising the regidities in
expenditure, improving revenue receipts to gross state domestic
product ratios with a suitable mix of policy and institutional
reform. |
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