
Tuesday, February 23, 1999
Centre urged to exempt weak banks from interest tax
The All India Bank Officers Confederation (AIBOC), the largest officers' organisation in the banking sector, has called upon the centre to exempt the corporate borrowers of three weak public sector banks- from interest tax.
Sinha may get a free hand to trim doleouts
The forthcoming budget will be an exercise in control of non-Plan expenditure, especially subsidies, which successive governments had continued to dole out to the detriment of the fiscal health of the nation.
Fertiliser firms may join hands to import LNG
The department of fertilisers is exploring the feasibility of forming a consortium of fertiliser companies along with other economic operators in the field of power and domestic fuel to import liquefied natural gas (LNG) in order to meet feedstock requirements.
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