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Friday, April 16, 1999

Government collapse will sink budget -- Experts
Yashwant Sinha's feel-good budget will become infructous in case the BJP-led coalition Govt. fails to secure the confidence vote in the Lok Sabha. The new Govt. will have to seek a vote-on-account by May 15 as the Finance Bill proposals have to be ratified within 72 days.

Government raises Rs 4,000 cr through private placement
The centre made a private placement of Rs 4,000 crore with the Reserve Bank of India late on Tuesday evening. It re-issued a 19 year 6 month-paper which the central bank has put out on the open market operation (OMO).

Crop insurance scheme to debut in 100 blocks
The modified comprehensive crop insurance scheme (MCIS) will be introduced initially in 100 blocks during the ensuing kharif season. Its scope will be expanded to other parts of the country later.


Inspirations furnishing fabrics


  Support-less BJP hangs on to the edge
  Oil-sector recast plan awaits Cabinet nod
  Time is ripe to follow an easy money policy
  Executive Briefing
  SK Sood moves over to drug pricing authority
  Partial waiver of economic curbs lifts Opic mood
  EU team to investigate HR coil imports
  Dainik Bhaskar tops IRS most-read list
  Finance ministry mulls IPO norm relaxation for `hi-tech' cos
  Pharma stocks caught in the political melee as doubts surface
  Market Round-up
  `Gilt trades jump 21% in 1998-99'
  Last day for Prasar Bharati, Stracon to reach a settlement
  Slump has hit savings -- MasterCard
  Additional excise duty would be reduced, says textile secretary
  Upstart Canadian energy firm's takeover bid confuses regulators
  Malaysia worried over declining palm oil sales
  `Food ministry not consulted on exim policy'
  Gulf of Kutch tidal wave project may be revived
  Concern over limited use of TMCP tech in modern steel plants
  Oil cost increase nudges US producer prices higher
  Bankers split over export rate cut, refinance issue
  Financial Briefing



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