December 15, 1995

There was no let-up today in the week-long impasse between the Government and the Opposition over the telecom tender issue, giving a strong indication that the almost-washed out winter session of Parliament might come to a premature end. The Opposition and the Government failed to narrow down the differences even after an over four-hour-long meeting convened by the Speaker, Mr Shivraj Patil, to find a way out of the mess.

Dhanalakshmi Bank board to decide on public issue

With the persistent slump in the capital market, the board meeting of Dhanalakshmi Bank scheduled for Saturday will decide on the Rs. 40-crore public issue slated for next month. “The bank has taken full cognisance of the dramatic changes which have overtaken the capital markets since the public issue exercise was initiated seven months ago,” the bank Chairman, Mr. T. S. Pattabhiram, said. The board meeting will explore all avenues open to the bank, ranging from going ahead with the public issue as per the schedule to postponing it to a future date.

TN may face shortage of wheat products

The issue of open sale of wheat by the Food Corporation of India (FCI) appears all set to blow up again. The FCI in Tamil Nadu is yet to begin the open sale of wheat for December and millers have begun to talk of shortage of wheat products, particularly maida, and price hike. These rumblings are already being felt in the bakery industry in the State. The FCI is at it again, say wheat millers in Tamil Nadu. Despite repeated assertions about the excess stocks, smooth movement by rail to the South and the resumption of open sale, the FCI in Tamil Nadu is yet to begin open sale for December.

Related Topics
comment COMMENT NOW