Pass Book scheme for exporters from May 1

The Commerce Ministry has decided to launch the Pass Book scheme for exporters from May 1, 1995. The Directorate-General of Foreign Trade has been asked to post officials at the Customs houses in the four metros before May 1 and get the scheme going immediately, officials of the Ministry said. The scheme, which was announced as part of the latest revision of the Exim policy, will initially function on an experimental basis. Depending upon its success, it will be extended to other collectorates.

Gupta panel for making MTNL independent co

The D. K. Gupta Committee on the restructuring of the Department of Telecommunications has recommended that MTNL “will have to function as a separate and independent body corporate also answerable to the public shareholders”. This would mean that MTNL, which provides telecom services for the metros of Delhi and Bombay, would become a totally independent public limited company from its present status of an wholly Government company controlled by DoT.

PMO studying Pawar Committee report on SEBs

The report of the Sharad Pawar Committee on State Electricity Boards (SEBs), which recommended sweeping changes in their structure and functioning, is being studied by the Prime Minister's Office, the Union Minister for Power, Mr. N. K. P. Salve, said here on Thursday. The committee, set up under the aegis of the National Development Council, had recommended that the SEBs should be restructured into corporate entities under the Companies Act. This would enable the reference of ailing SEBs to the BIFR as and when they attracted the provisions of the Sick (Industrial Companies) Act.

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