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Saturday, August 7, 1999

Ministry submits Sengupta panel proposals for Cabinet's approval
The ministry of petroleum and natural gas has forwarded the recommendations of the Nitish Sengupta Committee to cabinet for approval.

PIB asks Centre to reconsider setting up of big fertiliser plants
Public investment board has asked the government to reconsider its decision to set up four mega fertiliser projects at an investment of Rs 5,600 crore on the grounds of costs, subsidy and imports.

Ministry against duty-free imports to power projects
Steel ministry has opposed the duty free steel import facility given to mega power projects and would take up the issue with the finance ministry soon, steel ministry sources said here today.


Corporate Results


  Government denies stretching onion exports beyond permissible limits
  Singpore gold premiums up on steady demand
  Oil price touches $20 on Opec production curbs
  Pakistan cotton prices seen falling on low demand
  Euro edges up on strong German data
  Maharashtra State puts new power projects on hold
  Executive Briefing
  International Monetary Fund warns US about threat to its higher growth path
  Clinton may nominate Ferguson as Federal Reserve vice-chairman
  BJP leaves Hindutva shell to woo minority communities in Kerala
  Karunakaran, son figure in Kerala Congress list
  MDMK patches up with DMK, to contest polls as part of NDA
  Gowda faction to ally with BSP, CPM in Karnataka
  Jaya takes a lead over rivals in campaigning
  Newsmaker
  Kashmiri Pandit body complains of ethnic cleansing
  Briefing
  `Revenue deficit will be cut to zero in 3 years'
  Briefing



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