BRITISH GAS GETS FIPB APPROVAL TO INVEST IN TRANCHES

Article Abstract:

The holding company of British Gas India has been permitted to invest in downstream projects entitled to automatic approval. It does not have to seek the clearance of the Foreign Investment Promotion Board (FIPB) of the Government of India for further investments. British Gas India had sought exemption from FIPB approval for investments in joint ventures and subsidiaries covered under the list of high priority industries. Till date, all foreign-owned Indian holding companies had to get clearance from the Government for subsequent investment in downstream projects. British Gas India had set up the holding company in early 1998 with Government permission. (um)

Electric Power Trans & Distr, Electric Power Transmission, Control, and Distribution, Electric power supply, British Gas India Ltd.

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A-I GETS READY TO FLY HIGH WITH BUSINESS CLASS

Article Abstract:

Air-India (A-I) has decided to re-configure its business class seating in its 747-400s, A-310s and A-300s. It has decided to reduce the number of business class seats in phases and replace it with a better quality of service. It has decided to reduce the number of business class seats in its six 747-400s to 35 from 42 seats, and in its eight A-310s to 16 from 20 seats. A-I is also thinking of doing away with the Maharaja class in its seven 747- 200s. A-I has been adversely affected by losses and an image problem. (khr)

Comment:

Decides to re-configure its business class seating in its 747-400s, A-310s & A-300s

Scheduled Passenger Air Transportation, Scheduled Air Passenger Svc, Airlines, Air India, Article

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CANARA BANK LAUNCHES KISAN CREDIT CARDS

Article Abstract:

Canara Bank has introduced a credit card scheme for farmers called Kisan Credit Card scheme (KCC). KCC caters to the credit needs of individual farmers. The bank plans to issue 20 lakh cards by March 2000 AD. KCC provides revolving cash credit for short term and working capital needs of agricultural, allied and non-farm activities. There is no constraint on the number of withdrawals and repayments. The card has a minimum credit limit of Rs5,000 and does not have any maximum limit. (um)(vr)

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Data Processing Services, Data processing and preparation, Credit Card DP Services, Banks (Finance), Credit card processing, Canara Bank

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