Saturday, November 21, 1998
Rs 25,000 cr outlay for textile sector likely
The union government has finalised a corpus of Rs 25,000 crore to give a massive push to the textile sector during the Ninth Plan. The funds would be essentially provided by the financial institutions (FIs), including Sidbi and Nabard, under the technology upgradation scheme.
George Soros to pick up 40% stake in Rs 1,700-crore Punjab fertiliser plan
George Soros-controlled Quantum Industrial Partners will pick up 40% equity in the Rs 1,700-crore fertiliser plant being set up jointly by Oswal Asia Fertilisers and the Punjab State Industrial Development Corporation at Sangrur in Punjab.
Financial institutions tighten states' core project-funding guidelines
Financial institutions (FIs), engaged in urban infrastructure financing, have tightened project financing norms for state governments. The institutions have conveyed to the state governments that they will have to carry out water tariff increases every two years.
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