UNLEASH REFORMS II, SAYS SURVEY

Article Abstract:

The Economic Survey for 1998-99 has advocated deploying the second-phase of reforms to arrest recession and to revive the economy. These reforms include greater liberalisation of trade in agriculture which could free exports from existing controls. It also suggests lowering of interest rates to enable the private sector to borrow cheaper. Real interest rates in the economy are very high thus hampering the growth of industry, infrastructure and exports. The survey calls upon the government to reduce its fiscal deficit to ease pressure on interest rates. The total outstanding borrowings of the government has exceeded Rs800,000 crore which is 50 percent of the gross domestic product. The government's fiscal deficit must be brought down to less than four percent. (uh)(vr)

Legislative Bodies, Government Affairs

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KSMB PLANS TIE-UPS WITH CO-OPS TO TAP AP MARKET

Article Abstract:

The Karnataka Silk Marketing Board (KSMB) proposes to sign joint ventures with leading weaving co-operative societies in Andhra Pradesh. It is to tap the markets in Andhra Pradesh. KSMB plans to tie-up with the Andhra Pradesh Co-operative Handloom Society. It expects to market 60 more tonnes of silk per annum after signing joint ventures in Andhra Pradesh. Now, KSMB sells around 5 tonnes of silk in Andhra Pradesh. It proposes to procure and sell 550 tonnes of silk during 1998-99. (ag)

Comment:

India: Karnataka Silk Mktg Board proposes to sign JVs with leading weaving co-operative societies in Andhra Pradesh

All Other Animal Production, Silk, Article

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