National Economic Events in February 2000

India-Switzerland bilateral investment protection agreement comes into force.

Cabinet approves proposal for restructuring of Steel Authority of India Limited, with waiver of Steel Development Fund loans of Rs.5,073 crores, Government loans of Rs.381 crores and disinvestment in captive power plants.

Commerce Minister Mr. Murasoli Maran, on a visit to China signs agreement pledging India's support to China's entry into the WTO. List of products for duty concessions exchanged.

Freight rates up five per cent, to fetch Rs. 600 crores in railway budget.

Union Budget presented: New Taxes for Rs. 6,900 crores.

In the biggest deal in Indian corporate history, Tata Tea buys out all brands of Tetley Tea Ltd of UK for pounds 271 million.

Government imposes ban on setting up of new urea projects till 2003-2004 subject to review on April 1, 2001.

Scheme launched to extend geographical indication protection to Darjeeling tea.