Thursday, December 3, 1998
WB warns India on economic slowdown
The World Bank has made a depressing forecast for India, warning that failure to achieve its stipulated growth target of over six per cent for the current year would represent one of the biggest challenges for the country's economy.
Fiscal deficit to rise by Rs 15,000 crore: Study
The shortfall in indirect taxes and the current pace of the disinvestment process is likely to trigger slip in the fiscal deficit to 6.5% of the gross domestic product (GDP) for the current financial year, ICICI Securities (I-Sec) has said in its latest debt market update.
Iridium seeks reliefs on licence fee
After every department in the Government, right up to the Prime Minister's Office (PMO), bent over backwards for awarding the licence to Iridium to meet its November 1 deadline for the worldwide launch of the Iridium's satellite mobile phone service, the company is wasting no time in seeking reliefs on the licence fee they committed to pay the Government.
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