National Economic Events in July 2000

Government tables New Agriculture Policy in Parliament favouring private sector participation through contract farming.

Electric de France announces withdrawal from 1,000 MW Bhadravati fast-track power project on grounds of delay in implementation.

Computer printouts recognised as documentary evidence by the first time in an Indian court.

Powergrid Corporation enters into alliance with Spectranet to provide bandwidth on telecom network.

Cabinet clears Rs.250-crore turnaround plan for Hindustan Machine Tools.

Cabinet decides to increase minimum compensation under the Workmen Compensation Act from Rs.50,000 to Rs.80,000 for death and from Rs.60,000 to Rs.90,000 for permanent disability.

Government announces appointment of global advisers for 16 PSUs including Air India, Indian Airlines and ITDC.