Thursday, November 12, 1998
Ministry gets uptight on expenses, tightens state firms' purse-strings
The finance ministry, in a stringent directive to all public-sector units (PSUs), has urged expenditure cuts, demanded accountability, and imposition of freeze on recruitments. This is part of a communique on guidelines on expenditure management - fiscal prudence and austerity.
Centre mulls amnesty plan to dig out hidden gold from home-vaults
The government is framing an amnesty scheme to unearth hidden gold in the country. North Block is believed to be putting together a scheme that will enable people to deposit gold with the government for five years. The government, in turn, will issue gold "bearer" certificates, which will carry a nominal coupon of 2-3% a year.
TN moots joint venture for cogeneration plan
In line with its policy of encouraging co-generation in the sugar industry, Tamil Nadu government has recently formed a joint venture with Infrastructure Leasing & Financial Services (IL & FS) to generate 250 mw of power, TN chief minister M Karunanidhi has said.
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