Opinion

BusinessLine twenty years ago today: Deveshwar, Chugh, Sapru grilled

November 1 | Updated on January 16, 2018 Published on October 31, 2016




In the continuing ITC saga, enforcement Directorate officials today grilled two former chairmen, Mr. J. N. Sapru and Mr. K. L. Chugh and the current Chairman, Mr. Y. C. Deveshwar, on alleged FERA violations by the company in various export deals. While Mr. Deveshwar came out after a two-hour questioning session, Mr. Sapru and Mr. Chugh were being interrogated till around 8 p.m. Subsequently, Mr. Chugh was taken to the second floor for continued questioning, expected to go well past 11 p.m.

Germany plans trade centre in Mumbai

The Finance Minister, Mr. P. Chidambaram, on Thursday expressed concern at the decline of German investments in India and hoped that this would pick up. Addressing the inaugural session of the 6th Asia-Pacific Conference of German Industry and Trade, Mr. Chidambaram said that though there had been a decline in investments, the number of joint ventures signed between Indian and German firms had increased during the recent past. Addressing the meeting, the German Federal Minister of Economics, Dr. Gunter Rexrodt, said his government planned to set up a Centre of Industry and Trade at Mumbai.

No threat of recession now, says Manmohan

There has been a distinct slowdown in the economy, especially in the industrial sector and on the export front, but the problem may be overcome and there may not be any serious threat of recession. Dr. Manmohan Singh, former Union Finance Minister, has said. Dr. Singh said the Finance Minister and the Governor of the RBI had given assurances that it would only be a temporary phase and the growth rate would hot be affected.

Published on October 31, 2016

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Sincerely,

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.