
Wednesday, May 19, 1999
Centre allows limited wheat, sugar exports
The Union government on Tuesday allowed limited wheat and sugar exports in an effort to tackle surplus stocks and fully-eased imports of all oilseeds to meet rising domestic demand.
RBI kicks off sterilisation drive to stem appreciation of rupee
The Reserve Bank of India has embarked upon a massive sterilisation exercise in the forex market by buying excess dollars and pumping in rupee into the system.
Vaghul plans ARC to recover bad debts via corporate recast
ICICI chairman N Vaghul is planning to set up the country's first asset-reconstruction company which will focus on recovery of bad debts of the financial sector by restructuring corporates.
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