States must divest in profit-making PSUs too -- Fiscal restructuring policy outlines goals
DESPITE the resistance of major political parties to the privatisation of public sector undertakings, State Governments will henceforth have to divest their equity holdings even in commercially profitable enterprises engaged primarily in manufacturing ac tivities, as part of the Medium-Term Fiscal Restructuring Policy finalised by the Central Government.

Mukta Arts scripts a brand cocktail
REMEMBER the crucial role Coke played in the flowering romance between Aishwarya Rai and Akshaye Khanna in Subhash Ghai's Taal? It's Take Two now.

Market access fund likely for exporters
THE 2001-02 Export-Import (Exim) Policy, to be unveiled on the last day of this month, is likely to be more in tune with WTO-compatibility by consolidating the process of rationalisation of the plethora of export promotion schemes, besides giving a decis ive push to reducing the high transaction costs.

LIC lines up offshore plans
LIFE Insurance Corporation is set to become one of India's largest multinational commercial entities. With its over four-decade long exclusive domestic preserve breached by entry of foreign insurance majors, LIC has decided to pick up the gauntlet and re taliate by spreading its wings into tough overseas markets spanning several continents.

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