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Friday, April 2, 1999

Hegde pins blame on finance ministry for not reducing rupee
Commerce minister Ramakrishna Hegde has blamed the finance ministry and the RBI for overlooking the long-term benefits which would accrue to the economy on account on the accelerated inflow of foreign exchange from exports.

RBI may selectively extend Y2K compliance for banks
The Reserve bank of India is likely to give "case by case" extention on Y2K complaince to the eight public sector banks which have not been able to meet the March 31 deadline.

Steel ministry agrees to review floor price on tinplate imports
Union Ministry of steel agreed to find a solution to the impasse created by the December-notification issued by the the Director General of Foreign Trade fixing the floor price on tinplate imports.


Inspirations furnishing fabrics


  Asia's first coal-based urea plant closed
  US delegation to visit tea plantations
  Innovation, services key to success in insurance market
  Exim policy wil boost plastic exports, says Plexconcil
  FIs must adhere to textile update fund guidelines, says IDBI chief
  Sluggish export growth pushes up trade deficit to $8.18 bn
  Executive Briefing
  Fresh DoT missive on BGs catches operators by surprise
  SIL premium should not be treated as export incentive -- Govt
  Diamond exports set to cross $5.2 bn in 1999-2000
  Financial Briefing
  No clash of authority between CBEC and ombudsman, says Mohil
  Low credit offtake, spiralling wage cost to mar banks show
  Turnaround round the corner, feel bankers
  Proposal fails to cheer up exporters



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