Monday, September 7, 1998
Divestment target unlikely to be met, says SBI Caps
The Bharatiya Janata Party-led government's Rs 5,000 crore disinvestment programme is likely to run into rough weather with leading merchant bankers saying it will be extremely difficult to offload the shares in a dull domestic market in the current financial year. The "failure" of the disinvestment plan will have an adverse impact on the fiscal deficit currently pegged at 6.1 per cent of the gross domestic product (GDP), according to economists.
Centre permits edible oilseed imports in a bid to check adulteration
Only the uniformed can believe that edible oil adulteration and other food-related offences are something new in the country after looking at what happened in the recent past, particularly in New Delhi. In 1997-98 over a lakh traders had been booked for various kinds of economic crimes related to food stuff across the country under the Essential Commodities Act, according to the figures put out by the central department of food and consumer affairs under the ministry of food and agriculture.
Basic providers explore ways to share infrastructure with railways
Private basic service providers led by Bharti Telenet and Hughes Ispat have started exploring the possibility of sharing the communication infrastructure of the Indian Railways. The two companies have already held preliminary negotiations with the Railways for leasing its spare communication capacity to have their backbone in place.
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