NEW DELHI: The India Development Bonds scheme under which non-resident Indians (NRIS) can buy Stale Bank of India bonds in U.S. dollars has already attracted about US dollars 400 million since its launch on October 1.
The foreign remittances (special immunities) scheme under which resident and non-resident Indians (NRIS) can remit any amount of foreign exchange to anybody in India has also attracted about R.s 10 billion.
Disclosing this, federal minister of sister for finance Rameshwar Thakur said here Saturday that the government would consider next month an extension of the two schemes beyond November 30 in view of requests from NRIS from various parts of the world.
Thakur said the government might also issue India development bonds in pounds sterling in view of the large number of requests coming from various areas.
The minister said it was heartening to note that the new economic, trade, industrial and fiscal policies and initiatives have started giving positive strength and “we have been able to meet
our international commitment so far and there has been no default from any direction. HYDERABAD: Nine people were killed and many injured 22 of them severely, when an express train ran into a tram at the station on the Guntur-Mir Yalaguda section of the south central railway (SCR) in Andhra Pradesh tasty Saturday.
Railway sources said several trains were either cancelled or diverted after nine coaches of the Narsapur-Hyderabad Express derailed when it hit a goods train around 1 a.m.
Article extracted from this publication >> October 25, 1991
