“There is no reason to believe that Unit Trust of India will not be able to maintain the dividend of 20 per cent for the Unit-Scheme 64 this year,” Mr. H.S. Subramanyam, Chairman, UTI, said today. Commenting on the provision made in the account due to erosion in the reserves and its impact on the dividend for US-64 unitholders, Mr. Subramanyam said the fund had been consistent in paying dividend of 20 per cent and there was no reason to believe this year will be any different.

Clinton keeps options open on sanctions

The US President, Mr. Bill Clinton, has expressed inability to lift economic sanctions on India and Pakistan until more progress is achieved in its talks with the two countries, the President’s press secretary Mr. Mike McCurry, said. He said the President would keep his options open on lifting the sanctions, but the military export controls will remain in place. "There is bipartisan support in the Congress for the Brownback Amendment, which would allow for the temporary lifting of agricultural sanctions, but military export control sanctions would remain in place,” Mr. McCurry said.

Karnataka mulls more sops for airport project

To make the international airport project in Bangalore more attractive, the State Government is prepared to permit commercial exploitation of the land adjoining the airport in addition to the sops being offered to the promoters. The move is said to be part of the exercise launched jointly by the Karnataka Government and the Tatas to explore all avenues of making the Rs. 1,500-crore project viable. The commercial exploitation could involve developing an airport hotel, shopping mall, commercial complexes, etc., in the vicinity of the international airport.

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