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Friday, August 13, 1999

US asks India, Pakistan to follow 1991 air agreement
Alarmed over the escalating tension between India and Pakistan, the U.S. has called on both sides to observe a 1991 agreement that forbids military flights within 10 km of the common border without advance notification.

RBI announces Rs 600 cr auction of Tamil Nadu, AP loans
The Reserve Bank of India on Thursday announced the state loan auction of 10-year bond by Andhra Pradesh and Tamil Nadu for a notified amount of Rs 600 crore.

CII unveils strategy to tackle NPAs, ICICI's Kamath heads task force
The Confederation of Indian Industry, a leading chamber today mooted a two-pronged strategy to tackle the bad loans in banking sector by setting up asset reconstruction companies and exploring other avenues to recover the bad debts through Lok Adalats.


Corporate Results


  Spurt in global cotton production may depress prices further
  Higher kharif onion production, area coverage to soften prices
  Falling prices may double cotton imports this year
  Gujarat to sell groundnut oil through PDS to check prices
  Banks' capital requirements to go up, says Duff & Phelps
  Garment exports up 4% for July at $458 million
  New Zealand seeks elimination of Indian agro tariffs to boost exports
  Tea imports baffle industry watchers, say they may be for re-exports
  Crisil places Ahmedabad Municipal Corporation bonds on rating watch
  Kazakhstan pins hopes on energy project
  Executive Briefing
  Pak aircraft on a deliberate mission -- Air chief Tipnis
  Industrial tribunal turns down HM layoff proposal
  Ministry mulls open acreage bidding for oil blocks
  Import duty hike on prime steel, defectives in offing
  Campaign to remember Veer Jawan
  CPM proposes to increase corporate, income tax rates
  Focus on secularism, halt to weaponisation
  Dispute with PMK ends as TRC withdraws candidate
  What's in a symbol? Everything, says the polity
  Foreign nationality issue to top NCP manifesto
  Newsmaker
  Briefing
  Unhindered FDI flow might be counter-productive



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