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Monday, April 19, 1999

Opposition wrestles with alternative setup
Confusion persisted over the formation of the new Government with no clear-cut outline emerging as regards the nature and shape of an alternative set-up even as political parties intensified efforts to arrive at a settlement.

President steps in to save Finance Bill
President KR Narayanan has asked Prime Minister Atal Bihari Vajpayee to seek the consensus of all political parties for the early passage of the Finance Bill and save the country from an economic impasse.

Reserve Bank sets up panel to chalk out regulatory norms for FIs
After introducing on-site supervision for development financial institutions, the RBI has gone one step ahead and decided to "regulate" financial institutions in a more systematic manner.


Inspirations furnishing fabrics


  Executive Briefing
  Rlys to pare transportation cost of POL freight to up market share
  Uncertainty over reforms may darken power prospects
  Broadcasters see uncertainty ahead
  New govt likely to review telecom policy
  Recast helps regional rural banks turn around
  Diesel spill reported on Hawaiian beach
  Fabric production down, yarn sector looks up
  Blended yarn exporters await amendment details of Exim policy
  Cotton textile industry to register negative growth -- CMIE
  Polymers demand-supply scenario set to undergo a sea change
  14 cotton textile mills close down in Jan
  Argentina's late soya faces damage from weekend cold
  Political fallout to be depressing -- Economists
  Switzerland bans genetically modified maize
  US wheat assistance worries Australia
  Nation is moving towards mid-term polls -- Vajpayee
  Inflation declines sharply to 4.6%
  Fiscal sops must also be given to local oil majors
  Biodiesel -- An alternative, cheaper and eco-friendly fuel
  Bengal continues to top in fish production
  Rain, thundershowers likely in north-east
  Truck rates to move up
  Punjab, Haryana to reap bumper wheat crop this season
  Apeda announces norms for peanut exports to EU
  IIP umbrella for packaging units at German fair
  Rubber industry must focus on R&D, production to boost price
  Orissa to set up coconut processing pilot plant
  `Currency devaluation of Asian countries has hampered leather exports'
  Rationalise state levies, BME urges Maharashtra
  Global edible oil crash upsets local industry
  Systematic methods improve fortunes



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