Saturday, July 3, 1999
Vajpayee clears cabinet note on telecom
The Government has dropped the proposal imposing a five-year lock-in period on promoters' shareholding in private telecom service companies from the final Cabinet note which has been cleared by Prime Minister AB Vajpayee.
Inflation falls to 2.53 per cent
The wholesale price index fell to 2.53% in the week ended June 19 over the same week in 1998. This is a further drop from the 14-year low of 3% of the previous week.
Exporter interests low despite wheat glut
Despite the government having allowed wheat exports of up to 10 lakh tonnes, domestic exporters have shown a cool response, registering only 500 tonnes of the foodgrain for exports till date.
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