AGAINST ALL ODDS, THE BEST

Article Abstract:

The Brihan Mumbai Electricity Supply and Transport Undertaking (BEST), a public sector electricity and transport service provider, is to raise its non-operational income. This move follows the lack of financial support and subsidies from the Government of Maharashtra. BEST now depends on its electricity operations to balance the losses of the transport division. BEST derives nearly 70 percent of its turnover from its electricity business. It proposes to raise funds through advertisements on buses and electric poles. In 1997-98, it earned a non-operational income of Rs25 crore (Rs2 crore in 1996-97). It also plans to reduce its operational costs by introducing Smart Cards to the commuters. The commuters will have to punch in the card while boarding the bus and alighting from it. This is expected to reduce BEST's salary costs. It is also trying to promote the use of public transport system by launching air- conditioned buses. (ag) PG 11 >AB The Brihan Mumbai Electricity Supply and Transport Undertaking (BEST), a public sector electricity and transport service provider, is to raise its non-operational income. This move follows the lack of financial support and subsidies from the Government of Maharashtra. BEST now depends on its electricity operations to balance the losses of the transport division. BEST derives nearly 70 percent of its turnover from its electricity business. It proposes to raise funds through advertisements on buses and electric poles. In 1997-98, it earned a non-operational incom

Receipt of funds, Petroleum and Coal Products Manufacturing, Purchased Fuels & Electricity, Fuels

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CSO OPTIMISTIC ABOUT 5.8% GROWTH IN GDP

Article Abstract:

The Central Statistical Organisation (CSO) has projected the gross domestic product (GDP) growth at 5.8 percent for 1998-99. The growth forecast is based on five percent growth in agriculture, forestry and fishing. Industrial growth is projected at five percent and unorganised sector is included. The services sector is estimated to post a growth of 6.5 percent to seven percent growth in 1998-99. The services sector has weightage of 48 percent, industry 28 percent and agriculture 24 percent in the total GDP. The GDP is likely to touch Rs1,109,983 crore in 1998- 99 (Rs1,049,191 crore in 1997-98). The farm production is estimated at 195.25 million tonnes in 1998-99 (192.43 million tonnes). The unorganised sector's contribution is taken as 32 percent of Industrial production. (rk)(m)

Comment:

The Central Statistical Organisation (CSO) has projected the gross domestic product (GDP) growth at 5.8 percent for 1998-99.

Forecasts, trends, outlooks, Gross Domestic Product

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