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Saturday, May 31 1997
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Double-edged veto![[Details]](/icons/bullet.gif){kind=icon}
The government has asked BAT Industries Plc to get a clearance from ITC, which it jointly owns with a vast number of Indian shareholders, for its proposal to establish a wholly owned subsidiary in this country.
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Halt public-sector distress sale
The public sector is going to come under the auctioneer's hammer in a big way this year. Last year, the intention was to disinvest Rs 5,000 crore. But, a market gloom induced by high interest rates and industrial slow-down forced the government to scale down its target to a mere Rs 500 crore.
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The state is not what it is cracked up to be
The clearing of Arjun Singh, N D Tiwari, R K Dhawan and Madhavrao Scindia in the hawala case is yet another example why the Central Bureau of Investigation should be renamed the Central Bureau of Prosecution.
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Should excise exclude interest? What if MSEB decides to cash in on Dabhol?
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The Group
