Monday, September 28, 1998
Ficci's optimism
Exports will grow, according to Ficci, by 8 per cent this year, up from 1.5 per cent recorded in 1997-98. After the dismal performance of the first quarter, when exports fell by 0.8 per cent, commerce minister Ramakrishna Hegde has been unwilling to guess whether the 8 per cent export growth of July will be improved upon in the remaining eight months of the year.
Change for better
The sudden change in the direction of FII inflows, with about Rs 140 crore worth of net investments coming in last Thursday alone, has resulted in a change for the better in stock market sentiment. That should not, however, blind us to the continuing dearth of good news on the fundamentals of the economy.
RITES prepares for year 2010
In the pantheon of highly successful public sector enterprises, perhaps the Rail India Technical & Economic Services (RITES) occupies a unique place as the first-ever consultant to carry the country's flag into the African continent, that too to run a governmental outfit.
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