Agriculture
Govt mulling new system to replace MSP: Shanta Kumar
THE Union Government is looking at the possibility of dispensing with the foodgrain procurement system and replacing the minimum support price (MSP) system with income support system (ISS), the Minister of Consumer Affairs, Food and Public Distribution,
Mr Shanta Kumar, said here on Sunday.
Banking and Finance
Advisory panel on gilts recast
THE Reserve Bank of India has reconstituted the technical advisory committee on money and Government securities markets for a further term of two years. The committee was first set up on July 12, 1999.
Corporate
`It's advantage US companies'
THE lifting of sanctions by the US would aid the American companies who were hitherto forbidden from selling their technologies here, according to Mr Jamshyd Godrej of Godrej & Boyce Manufacturing .
Economy
Happy Sinha plays it cool
THE Finance Minister, Mr Yashwant Sinha, sought to downplay the decision of the US to lift sanctions imposed on India and Pakistan after the nuclear tests in 1998.
Costly IBRD loans may be retired
THE Finance Ministry has firmed up plans to retire some of the more costly loans taken by the Government from the World Bank.
`No immediate impact on ratings'
THE announcement of lifting of economic sanctions by the US spells good news, according to Finance Ministry officials. They, however, reckon that it would be quite a while before it impacts positively on the soveriegn rating by international rating agenc
ies.
Waiver doesn't excite ISRO
JUST as when the sanctions were clamped in November 1998, their waiver now does not seem to surprise or excite ISRO. Its Chairman and Secretary, Department of Space, Dr K. Kasturirangan, said, ``I cannot say anything before I see the US list and know the
details.''
Export strategies to be fine-tuned
AS the export performance of the base year of the Tenth Five-Year Plan is most unlikely to be anywhere near the splendid growth of 20 per cent in dollar terms the country compassed during 2000-01, the Commerce Ministry is contemplating to put in place a
raft of both micro and macro-level broad export strategies for 2002-07.
Exporters keeping fingers crossed
ALTHOUGH the terrorist attacks in US have not led to any cancellation of export orders, even a contained `war' could alter all that, first impeding easy transport and next, exporters fear, diminishing orders themselves.
Mumbai rail project may pick up speed
THE easing of sanctions will pave the way for expediting the Rs 1,600-crore loan being negotiated with the World Bank for the first phase of the Mumbai Urban Transportation Project (MUTP).
Ascon study shows slide in Apr-Sept exports
THE downturn witnessed in the manufacturing sector during April-June 2001 continued to cast a shadow on some of the major industry segments during the second quarter as well, with the latest Ascon survey of the Confederation of Indian Industry (CII) conf
irming the increased sluggishness in industrial growth and negative trend in exports during April-September 2001.
Sanctions removal a psychological boost: Industry
INDIA Inc on Sunday hailed the lifting of the dual-use export control sanctions imposed by the US, saying that the move would provide a ``psychological boost'' to India-US trade and investment relations.
PSU
IBP: Sinha, Naik to resolve row
The Finance Minister, Mr Yashwant Sinha, and the Petroleum Minister, Mr Ram Naik, have decided to reconcile the differences on the issue of norms for the sale of IBP Ltd prior to getting the Cabinet's approval.
States
`Heritage run at Hyderabad'
Hundreds of school children take part in the `Heritage Run' organised in Hyderabad on Sunday to save the monument from pollution. The State Chief Minister, Mr Chandrababu Naidu, flagged off the run.
Stocks
GM deal fuels interest in Daewoo Motors stock
SHARES of Daewoo Motors India Ltd (DMIL) have shot up in the stock exchanges on speculative purchases after General Motors Corp (GM) bought into the Korean parent of DMIL, according to analysts.
Transport
More financial powers for Railway GMs
IN a move towards greater decentralisation and financial autonomy, the Railway Ministry has decided to enhance financial powers to general managers (GMs) of zonal railways and production units.
