The Centre was firmly committed to the reforms programme and it would carry forward the process with confidence, said the Prime Minister, Mr. P. V. Narasimha Rao, in his inaugural address at the three-day centenary celebrations of the Confederation of Indian Industry (CII), which began here today. Mr. Rao also said there was no question whatsoever of putting a cap on foreign investments. He cited two reasons to drive home his point. First, in his view, foreign investments had not swamped the Indian economy and second, although foreign investors had responded well to the liberalisation policies, investments so far fell much short of the country’s requirements.

Sponsored serials back on Madras DD

Doordarshan Madras will be back with sponsored serials after a two-year gap. The programmes will be on air in another month or two. Falling advertising revenues and the fact that the new satellite channels have been grabbing a sizable chunk of emerging advertising revenues are perhaps prompting the return of sponsored serials. These serials have been off air on Madras Doordarshan since 1992 —both on Channel I and II.

Investment decision on Maruti's third plant soon

If all goes well, Maruti Udyog Ltd should be in a position to roll out half a million vehicles annually in just over three years from now. However, whether MUL’s dream will become a reality depends on how quickly the two partners in the joint venture — the Government of India and Japan’s Suzuki Motor Corporation — decide on setting up a third plant on a greenfield site at a cost of $500 millions.

Related Topics
comment COMMENT NOW