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As China takes over, India, Hong Kong trade ties grow stronger
Highlighting the growing links between India and Hong Kong, the number of Indo-Hong Kong joint ventures has been on the rise, with an approximate investment of about US$ 350 million to date. At the end of 1996, there were 15 Indian joint ventures and five wholly owned Indian subsidiaries based in Hong Kong.
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Constraints mar development of securitisation
Securitisation -- the process of converting loans and receivables into negotiable instruments -- suffers from a lack of depth in the debt market, inadequate foreclosure laws for mortgage-backed securities, and high stamp duties levied by the state governments on transfer of assets.
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BJP seeks probe into lease of oil fields
The party hints at manipulation behind loss of Rs 200 billion to the exchequer.
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Export promotion board will be set up within a week: PM
A single-window clearance system for export processing zones would also be set up to improve exports.
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Mahajan blasts Gujral govt's proposed civil aviation policy
A policy, adopted just two months back, is being reversed to benefit the Tata-Singapore Airlines joint venture.
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New aviation policy on the anvil
The prime minister has entrusted Chidambaram and Jayanthi Natarajan with the task of drafting a new civil aviation policy.
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'Dream' highway by 2000
Complete with flyovers, rest spots, gardens, restaurants, medical services and phone hotlines, the national highway between Delhi and Jaipur is expected be a model for the future highways in the country.
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What's Up, Doc?
Dr Manmohan Singh, the author of India's economic reforms, finds himself isolated within the Congress party.
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Impending bankruptcy drove India's reforms: World Bank
The country's foreign exchange reserves were virtually exhausted when P V Narasimha Rao came to power, says the report.
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And now, insurance for elephants too!
This week Oriental Insurance, in concert with the Kerala Elephant Owners Association, introduced a new scheme to insure pachyderms.
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Indian tea delegation to visit Pakistan
Thaw in relations promises to increase exports.
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FM blames Rao govt for slowdown
Chidambaram says the Congress government's efforts to contain inflation within a single digit in the run-up to the general election caused it to soar to a historic high of 22 per cent during the year.
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SBI strike called off
The State Bank of India officers's eight-day-long strike was called off late on Wednesday night.
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Voluntary disclosure scheme launched
The government's much-publicised voluntary disclosure of income scheme becomes operational on July 1.
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RBI aims to achieve capital account convertibility by end of fiscal year: Dr Rangarajan
Target is achievable if inflation remains at six per cent and fiscal deficit at 4.5 per cent, says the central bank governor.
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Pak offers to sell power to India
6,000 MW proposed to help meet deficit in northern states.
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CBI experts to help decode CRB cipher
Agency told to aid court-appointed officials decode CRB records.
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CBI targets SBI, SEBI officials in MS Shoes case
Government sanction sought to prosecute SBI and SEBI officials in the Rs 6.99 billion scam.
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Poor resource mobilisation affects growth
Public issue mobilisation slips from Rs 16.51 billion in January to Rs 720 million in May. The number of issues fall 91 per cent from the same time last year.
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Textile Valley to put HP industry on fast track
As a part of its new industrial policy to attract indigenous and foreign investment, Himachal Pradesh has approved an investment of Rs 25.25 billion for setting up over a hundred projects in the medium and large scale sector.
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Kerala govt powerless in face of power crisis
A power crisis has crippled Kerala while the chief minister and power minister have taken senior officials of the Kerala State Electricity Board on a foreign jaunt.
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Exploit existing opportunities: FM
' 'It is my dream to see India progressing at a growth rate of over 10 per cent by the end of 1997-98,'' says the finance minister.
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India 'concerned' about US exports curbs on BEL
A high-level delegation claims the public sector company is not involved in the Indian missile programme.
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June 9-13: Boosted by FIIs, Sensex finally crosses 4000 mark
The BSE sensitive index registered a record gain of 193.55 points this week.
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Harsher regulation for errant companies: FM
Chidambaram has asked India's business sector to evolve a transparent policy and greater disclosure norms.
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Minister, officials globe-trot as Kerala reels under acute power crisis
Countless jobs are on the line and industrial production has taken a beating, but all that the state government can do is wait for the monsoon.
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Business hit by SBI stir
The agitation is in protest against the suspension of three SBI officers for their alleged negligence in the CRB scam.
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Tax incentive delays 250 hotels in South India
The hotels will not open before April 1998, when a new concession comes into effect.
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C R Bhansali arrested
The CRB group chairman, accused of a Rs 12 billion scam, is held in Hong Kong, arrested in New Delhi and taken for questioning to Bombay.
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Market divided over the capital account convertibility report's feasibility
Questions persist in the minds of people whether full convertibility is achievable, given the stringent pre-conditions suggested by the Tarapore Committee.
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India, Thailand, Sri Lanka, Bangladesh form regional group
Foreign ministry officials believe the regional group will become an economic powerhouse.
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Senseless petrol-buying procedure costs India $ 3 billion
A London-based independent consultant company has told the government that India is the only significant petrol-buyer in the world which still employs time-consuming tenders, giving ample room for wheeling-dealing.
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Gujral disappointed with India's civil aviation policy
The prime minister has expressed extreme displeasure at India's civil aviation policy and said he hoped to better it soon.
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Andhra plans $ 420 million industrial park
With world-class infrastructural facilities, the park is intended to give the Chinese economic zones a run for their money. Not only by attracting Southeast Asian investors, but also by making a dent in their exports.
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DMK against petrol price hike
The ruling DMK in Tamil Nadu, to which Petroleum Minister T R Baalu belongs, is against the Union finance ministry's plan to raise prices of petroleum products. But the party has no alternative plan to bridge the oil pool deficit.
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Ernakulam may spark petro drought in Kerala
The Cochin Refineries Limited suspended production this week due to acute water scarcity in the Ernakulam industrial belt, creating panic in Kerala.
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Govt dangles real estate carrot to develop highways
To infuse fresh capital into the road sector, the government will allow investors to develop townships and other real estate on land made available to them.
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India, Nepal sign major deal in power sector
A memorandum of understanding is also signed, increasing by 50 per cent the seat capacity in each other's airlines.
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Fishermen-trawlers on warpath in Kerala
The fisherfolk demand that the 45-day ban on trawlers be extended to cover the entire monsoon season while the trawler owners seek its repeal.
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Nod for total convertibility likely
The RBI's Committee on Capital Account Convertibility said given certain weaknesses in the system the implementation schedule should be based on ''careful and continuous monitoring of certain preconditions''.
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