THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, December 11, 2000

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Page One

NRI investment goes untracked -- Incentives fail to increase FDI inflow
STRANGE though it may sound, the Union Government does not have any mechanism to track the inflow of actual investment by non-resident Indians (NRIs) through the foreign direct investment (FDI) route into various sectors of the industry.

`The real issue isn't high IPO limit' -- SEBI told to ensure adequate floating stock
THE Government has told the Securities and Exchange Board of India (SEBI) to focus on ensuring adequate floating stock in companies and to settle for a reasonable figure of Rs 50 crore while changing the norms for minimum public offering of equity from 2 5 to 10 per cent for all sectors.

They are at IT, personally though
WHILE every industrial behemoth in India wants to ride the crest of the technology wave and is trying to enter the sector, several industrialists are testing the waters by investing in IT companies in their personal capacity.

 Honourable stand
The Bihar Chief Minister, Mrs Rabri Devi, the opposition leaders, Mr. H.D. Deve Gowda, Mr. Laloo Prasad Yadav, Mr. V.P. Singh, the former West Bengal Chief Minister, Mr. Jyoti Basu, and the Bangladesh Minister for External Affairs, Mr. Abdul Samat Azad, at a CPM(I)-sponsored felicitation function in honour of Mr. Basu in Calcutta on Sunday.


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