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Drumbeat: Ad Buzzaar
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| Thursday, July 9, 1998
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Brazilian keeper Taffarel making one of his two saves that took Brazil through to the final |
Agenda for Frankfurt: CTBT and N-curbs
The United States has rejected India's contention that it needs a minimum credible nuclear deterrent against China, saying such a posture would be a "grave mistake" and go against Washington's non-proliferation objectives in South Asia. Washington's rebuff, taken with its negative response to New Delhi's broad suggestions that it may consider signing the Comprehensive Test Ban Treaty (CTBT) if the high-tech sanctions are lifted, marks a hard-line position on the eve of talks between the US Deputy Secretary of State Strobe Talbott and India's special emissary Jaswant Singh.
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Resurgent India Bond to hit the market next month
State Bank of India (SBI) will launch the Resurgent India Bond (RIB) for non-resident Indians on August 5. The five-year instrument, denominated in dollars, pound sterling and deutsche marks will carry a coupon of 7.75%, 8% and 6.25%, respectively.
British Telecom-MCI pair lobbies hard for VSNL hub
The British Telecommunications-MCI consortium has made a strong pitch with the Department of Telecommunications (DoT) to approve its bid for the proposed $500-million regional-hub project of Videsh Sanchar Nigam (VSNL). The move comes after the two other shortlisted contenders -- Cable & Wireless and Global One -- failed to submit their proposals by the June 11 deadline.
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Thursday, July 9, 1998
Web Posted at 13:04:51
IST
INDIA
Indefinite postal strike begins (Jul 9)
A country-wide indefinite strike by postal employees in support of their ten-point charter of demands began this morning.
Gujral defends Indian nuke tests
Former prime minister Inder Kumar Gujral has defended the Indian nuclear tests conducted recently saying it should be seen in the context of the country's security environment and the fact that it is surrounded by atomic weapons.
POLITICS
No trust motion moved in Gujarat assembly (Jul 9)
The leader of Opposition in the Gujarat assembly Amarsinh Chaudhary today moved the one line motion expressing no confidence in the four-month old BJP government led by Keshubhai Patel in the state.
FINANCE
China pledges to further open markets after entering WTO (Jul 9)
China pleged today to further open its market to foreign goods and services after gaining entry to the World Trade Organisation, but expressed fears that its flegling services market would be destroyed if trade liberalisation happens too fast.
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