PDS foodgrain price hike in the offing
A SIGNIFICANT upward revision in the Central Issue Price (CIP) of foodgrains distributed through the public distribution system (PDS) is in the offing, with the Union Minister of Consumer Affairs and Public Distribution, Mr. Shanta Kumar, indicating the Government's move to this effect `soon'.

Dunlop to skip Sahaganj
THE management of Dunlop India Ltd (DIL) has decided to reopen tomorrow only its Ambattur factory in Tamil Nadu, leaving the Sahaganj unit in West Bengal to remain closed till the time the CITU-affiliated workers' union at Sahaganj formally signs the min utes approved at the bipartite meeting held on January 6 between the management and the trade union leaders.

RPL announces early redemption of TOCDs
RELIANCE Petroleum Ltd (RPL) today announced that it has redeemed the non convertible portion of its outstanding Triple Option Convertible Debentures (TOCDs), aggregating Rs. 960 crores.

Budgetary support to Rlys hiked by 39 pc
THE Finance Ministry's decision to peg Plan expenditure for the ensuing fiscal at around Rs. 87,000 crores _ Rs. 10,000 crores more than the Budget estimate for 1999-2000 _ has come as a bonanza for the cash-strapped Indian Railways.

Relax NBFC norms, US co urges Govt
ASSOCIATED First Capital Corporation (AFCC) of the US has urged the Government to relax NBFC norms in order to allow its downstream operating company in India to make the mandatory divestment of 25 per cent equity in favour of domestic partners at a late r date - within two years of the company's inception.

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