Friday, December 11, 1998
BJP bows; Cong bags Deputy Speaker post
Let down by its allies and forced to bow to the arithmetics of the Lok Sabha, the Bharatiya Janata Party (BJP) today unwillingly conceded the Deputy Speaker's post to the Opposition thus bringing to an end the eight-month-long tussle.
IDBI to scale down disbursements target
IDBI is planning to revise downward its disbursement target for the current financial year. IDBI executive director S K Chakrabarti, said that the disbursement target for fiscal 1998-99 at Rs 23,000 crore is not likely to be achieved because of the continued slowdown in the economy.
New telecom licence structure to be dismantled: PM
The present telecom licence structure will be done away with in favour of `more fundamental and durable solutions' to impart a major boost to the growth of the telecom sector, prime minister Atal Behari Vajpayee said.
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