Wednesday, November 17, 1999
NTPC to take over NHPC for Rs 4,000 crore
In a bid to reduce the growing fiscal deficit, the Union government has planned a complete takeover of NHPC by NTPC at a consideration of Rs 4,000 crore which will go into the government kitty, Union Power Minister.
India's economic prospects limited -- S&P
Leading international credit rating agency Standard & Poor's has said India's strong political consensus in favor of weak reforms is limiting the country's economic prospects.
Sinha admits to financial woes... but Jalan sees better outlook
India's central and state governments are facing "severe financial problems", Finance Minister Yashwant Sinha said on Tuesday.
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