Economy
PSU disinvestment -- Conflicting signals and costly delays
THE Union Government's Cabinet Committee on Disinvestment (CCD) has finally initiated some steps to move ahead with the process of disinvestment in public sector Maruti Udyog Ltd (MUL) and Indian Petrochemicals Corporation Ltd (IPCL). It also cleared fin ancial restructuring and disinvestment of 74 per cent stake in loss-making Paradeep Phosphate to a strategic partner.

`Short-term debt till June at $7.9 billion'
INDIA'S short-term external debt with maturity profile of up to and including one year, stood at $7.9 billion or $7,860 million as at end-June 2000 as per the definition of short-term debt by the Basle-based Bank for International Settlements (BIS).

FDI inflow: RBI data at variance with Dept claims
DESPITE claims by the Department of Industrial Policy and Promotion (DIPP) that foreign direct investment (FDI) inflows into the country have improved dramatically since the easing of restrictions, the latest Reserve Bank of India (RBI) estimates show th at there is nothing much to cheer about.

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