The Hindu Business Line - - THINK -

oc­to­ber 13, 1997

Three more Ce­ment Corpn units on the block soon

The Gov­ern­ment has de­cided to re­vive the process of hawk­ing off three more units of the State-owned Ce­ment Cor­po­ra­tion of In­dia (CCI) as part of a phys­i­cal and cap­i­tal re­struc­tur­ing pro­posal. Even though the In­dus­try Min­istry is yet to clear the sale of CCI’s first unit at Yer­ra­guntla in Andhra Pradesh, which was put on the block, the process of find­ing a buyer or a joint ven­ture part­ner for two units in Mad­hya Pradesh and one in Haryana will be kicked off shortly, ac­cord­ing to top of­fi­cials.

Maran to meet in­dus­tri­al­ists

The In­dus­try Min­istry is op­ti­mistic of a dou­ble digit in­dus­trial growth in the cur­rent fis­cal on the strength of im­proved do­mes­tic de­mand dur­ing the sec­ond half of 1997-98. “We would still like to hope for a ten per cent plus in­dus­trial growth. We ex­pect the growth mo­men­tum to pick up sub­stan­tially in the sec­ond half of the year,” high­ly­placed In­dus­try Min­istry sources told PTI. Con­cerned over the con­tin­ued de­cel­er­a­tion in in­dus­trial growth, the In­dus­try Min­is­ter, Mr. Mura­soli Maran, has called for a meet­ing with a few top in­dus­tri­al­ists, in­clud­ing Mr. L.M. Tha­par and Mr. H.S. Sing­ha­nia, on Mon­day, to so­licit their views on mea­sures ini­ti­ated by the Gov­ern­ment.

Mod­i­fied badla gets Min­istry ap­proval

The Fi­nance of Fi­nance has cleared the path for the adop­tion of the mod­i­fied carry for­ward trad­ing sys­tem by nar­row­ing down sev­eral is­sues raised after the JR Varma Com­mit­tee sub­mit­ted its re­port on this. Ac­cord­ing to se­nior Min­istry of­fi­cials, most of the is­sues had been sorted out and a de­ci­sion on the mod­i­fied badla would be taken at the board meet­ing of the Se­cu­ri­ties and Ex­change Board of In­dia (SEBI) in New Delhi on Tues­day.

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