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Thursday, November 18, 1999

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Delhi to stand firm on farm subsidy cut -- PM
Prime Minister Atal Behari Vajpayee on Tuesday said that the subsidy on agriculture sector will not be removed and said that his Government would not give into pressure on this account at the WTO

Time is ripe for Government to push through economic reforms -- Moody's
International rating agency Moody's has expressed confidence in the re-elected coalition Government saying that it has a fresh opportunity to undertake market-oriented adjustments at the start of an apparently longer term in office.

CARE assigns A+ rating to IFCI's Rs 3,000 cr debt
The Credit Analysis & Research Ltd (CARE) has assigned `adequate safety' A+ rating to the proposed Rs 3,000-crore unsecured debt issue of the Industrial Finance Corporation of India (IFCI) and to its proposed Rs 200-crore fixed deposit (FD) programme.


  Executive Briefing
  Government mulls separate regulatory body for NBFCs
  Economy will grow at over 6.5%, vows Sinha
  Railways to unveil new freight policy soon, says Mamata
  Goldratt promises to raise GDP by 1 per cent in three years flat
  Centre likely to miss indirect-tax collection target
  Centre may set up 3 petro-chemical complexes
  Centre not to sell off stake in MUL
  Catholic Syrian Bank merges forex, treasury divisions
  IDBI Bank plans to float Rs 75-cr debenture issue
  Briefing
  States urge Centre to set up fund to meet losses incurred in shift to VAT regime
  `Indian exports may lose out to Chinese goods in US market'

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