National Economic Events in December 2000

Parliamentary sub-committee opposes decision to lease four international airports.

India restricts import of seconds and defective steel to Mumbai, Chennai and Calcutta ports.

Nation wide strike by postal workers demanding regularisation of over three 3,00,000 rural postmen.

ICICI Bank and Bank of Madura announce merger plan.

Financial Companies Regulation Bill introduced in Parliament.

Government offers 25 blocks for oil and gas exploration under the second round of the NELP.

SEBI fixes Rs.100 crore minimum post-issue equity for companies in all sectors making issue of less than 25 per cent; clears recommendations of Malegam Committee on valuation of illiquid securities and NPA provisioning for Mutual Funds.

FIPB clears Enron's propsal to infuse Rs. 1,083 crores as additional equity for Dabhol phase II project.

Companies Bill incorporating provisions relating to corporate governance, gets President's assent.

Fiscal Responsibility and Budget Management Bill introduced in Parliament.

TRAI recommends unlimited entry of new operators and cap of five per cent service provider's total revenue as license fee for public mobile radio-trunking service.

Bill to impose one per cent surcharge on income tax payable by domestic companies for setting up a National Centre for Calamity Management introduced in Rajya Sabha.