ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Dynamic Credit Policy

Against the background of output, price and monetary trends, credit policy has to be decisively expansionary. Further, after having achieved considerable reduction in interest rates in the recent period, the issue is no more one of the cost of credit; it is rather that of availability and supply of credit and its distribution.

BASF India, Gujarat Aklalies & Chemicals (GACL), Gujarat State Fertilisers and Chemicals (GSFC)

BASF INDIA Growth in Sluggish Market AFTER witnessing a sluggish performance in 1996-97, BASF India, a leading chemicals multinational, performed well in 1997-98. At a time when most businesses faltered as far as profitability was concerned, this subsidiary of the German giant BASF AG managed to notch up a 11.7 per cent increase in net sales and a 4.4per cent rise in its bottomline over the previous year. While the company

ITC, Escorts, Arvind Mills

ITC Streamlining for Growth TOBACCO major ITC puffed off an encouraging performance during 1997-98. While the company

Monetary Policy Hampered by Fiscal Inaction

The relatively credible programme of fiscal correction presented in the 1999-2000 budget, combined with low inflation and reduced credit offtake, has emboldened the Reserve Bank to try to bring down interest rates. However, the attempt is unlikely to revive industry in the absence of a sizeable increase in public expenditure and rapid expansion of bank credit.

SRF, Cipla, Blue Star

SRF Financial Restructuring IN order to capitalise on the liberalisation process, the company had zeroed in on industrial yarns, fabrics and fluorochemicals as its core business. The company disinvested its holdings in SRF Finance and SRF Nippondenso and acquired Ceat


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