The Financial Express -- Economy

Tuesday, July 15 1997

Centre asks RBI to evolve insurance cover for finance firms'

The Union finance ministry has shifted the onus of formulating an insurance scheme for public deposits in non-banking finance companies (NBFCs) to the Reserve Bank (RBI). Insurance of deposits held by finance companies has been included as one of the terms of reference of the Sheri Committee.

Ministry to set up panel for power plant update

The Union power ministry will soon constitute a committee to look into the implementation of the renovation and modernisation (R&M) programmes for power stations. An in-principle go-ahead to set up this committee has been given by the nodal ministry and formal discussions on its exact role will take place at a meeting on July 15.

Compulsory metering for all new power connections

The Union government is embarking on a programme to compulsorily meter all new electricity connections including those to agriculture sector exceeding 10 horse power.

38 arrested for attack on Bhujbal home, freed on bail

Ministry mulls cap on mushrooming rating firms

New policy proposal to allow CKD/SKD car kits as components with lower duty

Huge oil pool dues may be shown under fiscal deficit

Independents to meet today to chalk out plan

Foreign exchange kitty shrinks by $8-mn

Banks ignore RBI's refinance facility

Tyre dealers urge centre not to impose price cap

Credit policy has promises to keep

Kaul panel to look into expo preparatory work

The Index -- Tata Electric Companies

Trade Briefing -- Air service in Belgaum to resume soon