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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.



  Wheat exports to continue on good production -- Sompal
  `Biotech revolution need of the hour'
  Jute output may come down by 15 pc in 1999-2000
  `Thai banks out of intensive care ward'
  Stimulus package boosts Japan's economy
  Fishery forecasting to get Rs 109cr outlay
  MS Verma panel draws up 18-month technology road-map for PSU banks
  Maharashtra sales tax department seeks sops via vouchers
  Pak nuke threat not to be taken casually -- Fernandes
  S&P team to visit India next week
  Ministry moots 10-year licence period for private FM players
  PM rejects Pakistan's move to link Kashmir issue with Kargil
  Briefing
  US turns up heat on Islamabad
  Centre reconstitutes salt board
  Textile ministy's concession to EPCG units brings relief to sector
  Bangla team may visit India to discuss gas exports
  Gujarat set to get $400 m ADB loan for public sector, power reforms
  Briefing
  Maharashtra asks select committee to suggest new panel for SERC
  Export oriented units face closure in Andhra
  Briefing



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