january 28, 1995

The Union Government has allowed options trading in securities. The ban on options has been lifted by amending the Securities and Contracts (Regulation) Act (SCRA). Also the Government has promulgated an Ordinance to amend the Securities and Exchange Board of India Act, 1992, and the Securities Contracts (Regulation) Act, 1952, to grant wide-ranging powers to SEBI for ensuring orderly development of the capital market.

Coffee growers firm on agitation plan

Coffee growers in Karnataka appear to be getting restive over the Government's lackadaisical attitude towards their demand for 100 per cent FSQ. The ultimatum for the growers' countrywide agitation expires on February 1 and they are determined to go ahead with their plan if the Government does not respond by that date. Their desperation is also evident from their resolve to request exporters not to export coffee. A spokesperson for the growers said, “If the Coffee Board insists that exporters produce proof of 50 per cent pooling by their suppliers before issuing export permits, we ourselves would request the exporters not to export. If getting our demand heard at the Government level requires sacrifices on the part of growers we will not hesitate to make them.”

TVS not to renew ties with Abex

Sundaram Abex has decided not to renew its collaboration with Abex Corporation, US, which came to an end last month. The TVS group company feels that there is no more need to import technology. Sundaram Abex's ties with Abex Corporation dates back to 1974, when the joint venture was signed between the two companies for asbestos-based brake linings.

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