Export growth rate set at 12 per cent
New Delhi: Unfazed by the 0.08-per cent dip in export growth last year, the commerce ministry has plumped for a 12-per cent export growth in the inaugural year of the Tenth Plan (2002-07) in tune with the medium-term export strategy.
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Cabinet okays ordinance for asset reconstruction
New Delhi: The management of non-performing assets (NPAs) of the financial sector was put on fast track on Tuesday with the union cabinet approving the promulgation of an ordinance to facilitate securitisation and reconstruction of financial assets.
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UTI lines up internal ARF for MIP-95
Mumbai: Unit Trust of India has decided to set up an internal asset reconstruction fund to which non-performing assets from four of its schemes will be transferred.
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Maran pegs export target at 12%
New Delhi: The commerce ministry on Tuesday announced a cautious 12-per cent export growth target for the current fiscal.
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CII suggests steps for SSIs competitiveness
New Delhi: CII has suggested various measures for the domestic small scale industries to achieve competitiveness including developing India as a sourcing base and redefine small scale industries on the basis of employment size rather than investment limit.
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UNCTAD links poverty to commodity dependence
New Delhi: The United Nations Conference on Trade and Development has said to fight poverty in the least developed countries the overall goal should be the promotion of sustained economic growth so that the average household living standards can be doubled.
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Issue price of central pool rice for exports revised
New Delhi: The government has revised the issue price of rice from the central pool meant for exports with effect from 1 August 2002.
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ICRA downgrades Maharashtra borrowings
Mumbai: ICRA Ltd has downgraded the rating assigned to the borrowing of Maharashtra from LAA (-) to LA (-) because of the deteriorating fiscal performance of the state over the past few years and some delays in meeting its guaranteed obligations.
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