
Thursday, July 1, 1999
GDP growth rate for '98-99 revised upwards to 6%
The Government on Wednesday revised upwards the gross domestic product (GDP) growth rate during 1998-99 to 6 per cent, from the earlier estimate of 5.8 per cent.
Exports zooms 11.68 percent in May
The country's exports recovered in May this year, registering a growth of 11.68% over the same month last year. In value terms, exports amounted to $2.69 billion compared to $2.41 billion last year.
Public-sector banks walk out of DICGC credit-guarantee scheme
The entire public sector banking industry has walked out of Deposit Insurance and Credit Guarantee Corporation's (DICGC) loan guarantee scheme with Union Bank of India and Central Bank of India opting out of it in March.
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