Effforts to attract FDI inflows prove futile
DESPITE the Government's best efforts to attract foreign investors, there has been a gradual slackening of foreign direct investment (FDI) inflows into the country.

Enron asked to rework tariffs for Karnataka
ENRON has been asked to rework the tariffs for sale of power to Karnataka from the Dabhol Power Company (DPC) as a prerequisite for entering into five-year power purchase agreement.

TV18 decision on stake in new co tomorrow
THE board of Television Eighteen India Ltd (TV18) will decide on Tuesday (July 18) whether to invest Rs. 24 crores for a 60 per cent equity stake in a new company it plans to promote.

Decision on IFCI pref issue after revamp panel report
THE Ministry of Finance has decided to keep in abeyance the proposal for subscribing to a Rs. 400-crore preference share issue of IFCI Ltd till the D. Basu Committee, appointed to look into the restructuring of the institution, submits its report to the Government.

Jet Air flights from Mumbai hit
THE Maharashtra Government's decision to prosecute the Shiv Sena chief, Mr. Bal Thackeray, affected the operations of privately-owned Jet Airways today with some staff members not reporting for work amidst tension in the city.

A feminine touch to company boards
WHAT the political parties and the parliamentarians have lost out, the Department for Company Affairs (DCA) seems on the verge of achieving. In all likelihood, this monsoon session of Parliament the Companies (Second Amendment) Bill, 1999 will include a clause on the reservation of one or two professionally qualified women on a company's board.

66.5 pc rise in direct tax collection
THERE has been a 66.5 per cent rise in collection of direct taxes during the first quarter of the current year compared to the corresponding period last year, according to the Union Minister of State for Finance (Revenue), Mr. V. Dhananjaya Kumar. Collec tion of excise and customs has also risen by 13.5 per cent during the corresponding period.

Petrol dealers in Maharashtra call off strike
THE petrol dealers in Maharashtra today called off their strike following the appeal made by Mr. Ram Naik, Minister of Petroleum and Natural Gas.

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