From: blrv1@verifone.com (M.G.Balakrishna Rao)
Subject: India - Major Private Banks Plan To Enter Capital Market
Organization: VeriFone, Bangalore
Date: Wed, 16 Dec 92 00:33:28 GMT


Source    : The Deccan Herald
Date      : Dec 12 - 15, 1992
Country   : India

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DEC 12
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ALLAHABAD HC QUASHES AYODHYA LAND ACQUISITION
LUCKNOW - In a much-awaited judgement, the Special Bench of the
Allahabad High Court today unanimously quashed the 2 notifications
dated October 7 and 10 1991, through which the dismissed UP BJP Govt
had acquired 2.774 acres of land near the disputed Babri Masjid -
Ramjanmabhoomi complex in Ayodhya.

PM HINTS AT MORE STEPS TO DEFUSE CRISIS
NEW DELHI - Prime Minister P.V.Narasimha Rao today asserted that the
ban ordered on 5 organisations would be implemented throughout India
and hinted at more steps that could "displease many people" to deal
with the current situation in the Country.
"The decision will be implemented throughout India irrespective of
which state is ruled by which party" he said at a press conference
with foreign correspondents here.

B'LORE PEACEFUL, STATE TOUCHES 64
8 MORE KILLED AS M'LORE, MYSORE REEL UNDER VIOLENCE
B'LORE - The death toll in the State rose to 64 today with at least 8
persons being killed since last night in fresh violence that rocked
Gulbarga, M'lore, Mysore, Kunigal and Sira, while the situation elsewhere
is returning to normal.

SITUATION IMPROVING IN MOST PARTS;TOLL CROSSES 1100
NEW DELHI - The situation in large parts of the country showed signs of
improvement, even as the death roll in the countrywide communal violence
crossed 1100 with 150 deaths reported today and the number of injured
swelling to 4000.

ALLAHABAD HC JUDGEMENT WIDELY HAILED

RSS LEADERS FLAY BAN AS SUICIDAL, ILLEGAL

JAMAAT CONDEMNS BAN, TO CHALLENGE ORDER IN COURT

RSS, VHP BAN: NO PLAN TO RESIGN, SAYS RAJASTHAN CM

BAN ON COMMUNAL BODIES NOT VALID IN KASHMIR

BJP TO CHALLENGE BAN ORDER IN COURT

ISS HAS SERVED ITS PURPOSE, SAYS MAHDANI
THIRUVANANTHAPURAM - Announcing the disbanding of the militant Islamic
Sevak Sangh following the centre's ban on the organisation, its founder
chairman, Mr. Mahdani said the ISS had been formed to counter the RSS
and like organisations espousing majority communalism.

BJP TO OBSERVE 13TH AS BLACK DAY, NATIONWIDE PROTESTS PLANNED

NARROW ESCAPE FOR RAMESWARAM EXPRESS
MADRAS - The Madras bound Rameswaram Express had a miraculous escape
last night as bombs went off on a track a few hundred yards beyond the
Kottayar station near Karaikudi, according to reports received here.

POLICE DEPLOYED OUTSIDE RSS, VHP HQS

PM ASSERTS HE WILL NOT RESIGN

PM'S RESIGNATION NOT MAIN ISSUE: LEFT PARTIES

CLINTON LIKELY TO BE HARDER ON TRADE ISSUES WITH INDIA
WASHINGTON - The Clinton administration will be harder on India regarding
trade issues, according to a senior US official. "President elect Bill
Clinton's trade policy will be selectively more aggressive", asserted
Mr. William Archey, senior vice-president of the US chamber of Commerce
at the 2-day US-India joint business council meeting.

AYODHYA INCIDENT SENDS WRONG SIGNALS TO IMF

NEW GERMAN NORMS LIKELY TO HIT EXPORTS
NEW DELHI - Indian exports to Germany are likely to be affected by the
new packaging norms introduced by Germany which stipulates a general
obligation for manufacturers  and distributors of packaging to accept
returned packaging for the purpose of re-use or recycling.

316 PROJECTS SUFFER 72% COST ESCALATION

LEATHER TESTING FACILITY AT DELHI

BHEL BAGS 100CR NEEPCO ORDER
The Public sector electric giant BHEL has bagged a Rs. 100-crore order
from the North Eastern Electric Power Corporation(NEEPCO) for the supply
of large size hydro generating sets.

INDIA WIN BY FOUR WICKETS
RAMAN SLAMS TON, SHASTRI GIVES FINISHING TOUCHES
SCORE: SA 214/5 in 50 overs (Wessels 34, Hudson 87, Kirsten 19, Rhodes 18,
Callaghan 32, Cronje 0, Mcmillan 10, extras 14, Kapil 5-1-19-0, Manoj
9-1-31-0, Srinath 9-0-38-0, Sachin 2-0-16-0, Jadeja 8-0-38-0,
Kumble 10-0-29-2, Shastri 7-1-36-1)
India 215/6 in 49.1 overs (Jadeja 20, Raman 113, Amre 1, Azhar 18,
Sachin 22, Kapil 1, Shastri 27*, More 2*, extras 8)

ENGLAND TO GO AHEAD WITH INDIA TOUR FROM DEC 28TH: TCCB

KAPIL PRESENTED WITH $220,000 BMW CAR
'I WILL GIVE MY BEST FOR CRICKET': KAPIL

DEC 13
======

CRUCIAL CWC MEETING ON DECEMBER 17

WHITE PAPER ON AYODHYA INCIDENTS SOON, SAYS CHAVAN

RSS SEEKING LEGAL OPINION
NEW DELHI - The RSS has not yet officially received the ban notification
issued by the centre against it, the VHP and the Bajrang Dal but has taken
priliminary legal opinion in order to challenge the ban.

VIOLENCE EBBS, NO MAJOR INCIDENTS
NEW DLEHI - Calm descended across the country, barring north-east Delhi
after 5 days of rioting and violence, triggered by the demolition of the
Babri mosque, left 1150 dead, including 44 today, and 1000s injured.

MOSQUE, TEMPLE IN 1 YEAR:PAWAR
STEPS TO PRE-EMPT OPEC ACTION AGAINST INDIA
BOMBAY - The union Govt has taken the initiative at the level of
heads of state and through diplomatic channels to pre-empt a move
by the Organisation of Petroleum Exporting Countries (OPEC) to act
against India in the wake of the demolition of the Babri Masjid at
Ayodhya, Defence Minister Sharad Pawar said here today.

VIOLENCE CONTINUES IN MYSORE;STATE TOLL RISES TO 71
STATE LIMPING BACK TO NORMAL

BJP FEARS DISMISSAL OF PARTY STATE GOVTS

VEHICLE INSPECTORS TO ACCOUNT FOR MISHAPS
NEW DELHI - Motor vehicle inspectors will be treated as co-accused if
drivers involved in fatal road accidents failed in the mandatory test
following the mishap.

BABRI MASJID DEMOLITION: PROTEST BEFORE UN
NEW YORK - About 100 members of the Islamic Conference of North America,
mostly Pakistanis, demonstrated outside the United Nations on Friday to
protest the demolition of the Babri Masjid in ayodhya.

MISSILE CRAFT COMMISSIONED
PANAJI - Misile craft Vidyut, a sofisticated vessel built for the
Indian Navy by the Goa Shipyard, a Defence Ministry public sector
unit was commissioned at Vasco da Gama today.

LARGEST BUDDHA STATUE INSTALLED
HYDERABAD - The world's largest monolithic granite statue of Lord Buddha
weighing 350 tonnes was placed on the "Rock of Gibralter" in the midst
of the Hussiansagar lake in the city today.

CHINA DENIES MOVE TO TRAIN PUNJAB ULTRAS

MAJOR PRIVATE BANKS PLAN TO ENTER CAPITAL MARKET
BOMBAY - In an unprecedented move major private sector banks in the
country were proposed to enter the capital market to augment their
capital base in the wake of Reserve Bank's stipulation to reach a
capital adequancy of 4% of the risk weighted assets by March 1993.
The leading private sector banks set to mobilise funds from the
market include Federal Bank and Vysya Bank.

ORISSA STEEL PLANT - PATNAIK LIKELY TO FINALISE DEAL WITH GERMANY
BHUBHANESHWAR - Orissa CM Biju Patnaik will make a one day trip to
Germany on Dec 16 in connection with the proposed 2nd steel plant
project in the State.
According to official sources, Mr.Patnaik who is scheduled to stay
in Germany for a few hours, would finalise a deal regarding the supply
of machinery for the multi crore project.
The 1st steel plant in the State at Rourkela was set up in 1954 with
German collaboration.

AWARDS FOR TECH DEVELOPMENT
NEW DELHI - 17 national awards for technology development and import
substitution, have been announced today. The awards will be presented
by the minister of state for Industrial Development, Mrs. Krishna Sahi,
at a function here on December 14, 1992.
The award winners are: HMT Ltd, B'lore, Natesan Industries, Madras,
Metkem Silicon Ltd, Madras, P and S Finishers, B'lore, and McDowell
and Co Ltd, Visakhapatnam.

4TH ONE-DAYER PUT OFF BY A DAY

JASU PATEL DEAD
BOMBAY - Former Test off-break bowler, Jasu Patel, died of a massive
heart attack at Ahmedabad today, according to information available here.
He was 68.

DEC 14
======

CBI TO PROBE DEMOLITION OF SHRINE
NATIONWIDE SWOOP ON BANNED BODIES; ACTIVISTS ARRESTED

STATE PEACEFUL;TOLL RISES TO 73
POLICE OPEN FIRE AS VIOLENCE ESCALATES IN MYSORE
B'LORE - Police opened fire in the air repetedly to beat back rampaging
mobs indulging in clashes, arson, stabbing  and stone-throwing, as
violence escalated in Mysore city this morning. While minor incidents
were reported from Gokak and Kunigal towns, the situation remained
peaceful elsewhere in the state.

OIL EMBARGO UNLIKELY
NEW DELHI - Possibility of "oil embargo" by West Asian Nations in
retaliation to the demolition of the mosque in Ayodhya and any disruption
in crude supply appears remote, oil industry sources here say.

GOVT AGREES TO TV STAFF DEMANDS
NEW DELHI - The govt today agreed to some important demonds including
declaring personnel working in shifts as shift duty staff and filling
up of vacant posts in North East, of the  striking DoorDarshan employees.

BJP BURNS COPIES OF BAN NOTIFICATION

BABRI-MASJID DEMOLITION WORST MISADVANTURE, SAYS VAJPAYEE

UDUPI SWAMIJI BLAMES HC FOR AYODHYA EVENTS

CALM RETURING TO RIOT HIT NATION

CONG OBSERVERS URGE MP GOVT'S DISMISSAL

EXECUTIVE PILOTS JOIN STIR, IA CRISIS WORSENS
NEW DELHI - The Indian Airlines Crisis deepened today with a majority
of the flights grounded as several executive pilots joined issue with
the Indian Commercial Pilots Association (ICPA), which struck work
thursday, demonding better pay and safety norms.

JAMAIT SUSPENDS ACTIVITIES, TO CHALLENGE BAN

BLAST IN INDIAN DIPLOMAT'S CAR IN ANKARA, TURKEY

PAK OPPN SETS TERMS FOR TALKS ON BABRI MASJID

OVER RS. 1350 CR DECLINE IN EXTERNAL AID TO INDIA

MAHANAMA'S TONE SEALS NZ FATE
COLOMBO - Sri Lanka, boosted by a maiden one-day century from opener
Roshan Mahanama cruised to a 31 run win over NZ in the 3rd and final
International at the Khettarama stadiuum today.

WESSELS, RHODES STEER SPRINGBOKS TO VICTORY
JOHANSBURG - It was a debacle of the worst kind seen on tour. That it came
after a heartening performance and victory 2 days back may seem ironic,
but in reality is a true reflection of the state of Indian batting.
SCORE BOARD
India  Total 161 for 9 wkts in 47 overs
Jadeja -18, Raman - o, Azaruddin - 49, Tendulkar - 21, Shastri - 17
Kapil - 18, Srinath - 2, Prabhakar(no) - 5, Kumble (no)- 7, More -2
South Africa 165 for 4 in 48.2 overs
BOWLING
Kapil Dev 9-0-23-0, Prabhakar 8-1-24-0, Thendulkar 3-0-4-0
Kumble 9-1-33-1, Shastri 10-1-33-0, Srinath 9.2-1-39-2

SR NATIONAL TT AT GOA FROM JAN 28

DEC 15
======

BJP GOVTS MAY BE DISMISSED: ARJUN SINGH

2 MORE DIE IN MYSORE VIOLENCE

CBI STARTS PROBE INTO AYODHYA DEMOLITION

STATE BEGINS TO ENFORCE BAN, 15 ARRESTED

US LIKELY TO DECLARE PAK A TERRORIST STATE
LONDON - The US Govt is seriously considering declaring Pakistan a
terrorist State for giving moral and material support to militants
in J&K according Western diplomatic sources.

BALASAHEB  DEORAS UNDER HOUSE ARREST
CRACKDOWN STILL ON; 2,100 HELD

NO END IN SIGHT FOR AIRLINES CRISIS

AYODHYA: CENTRE'S EARNESTNESS IN DOUBT
NEW DELHI - The Cental Govt has conveniently ordered a CBI inquiry into
the circumstances that led to the demolition of the Babri masjid. The
inquiry itself, if one goes by umpteen other probes carried out by the
CBI in the past, effectively means that a case of vital national
importance has been put in the cold storage.

IUML DEMANDS IDOLS' REMOVAL FROM MASJID

RSS, VHP OFFICES SEALED IN BHOPAL

KERALA POLICE LAUNCH HUNT FOR ISS CHIEF

AIBMAC WANTS TO REBUILD MOSQUE

BJP RIFT OVER DEMOLITION DENIED
BHUBHANESHWAR - The All India Secretry of the BJP Mr. Kailashpati Mishra
today denied that there was a "rift" in the party on the Ayodhya issue
in the wake of the demolition of the Babri masjid by Kar Sevaks.
Replying to questions at a press conference that Mr. Mishra claimed that
"all decissions in the BJP are always arrived at collectively" adding
that party leaders Mr. L.K. Advani, Dr. Murli Manohar Joshi and Mr. Atal
Behari Vajpayee had taken joint decissions.

BJP TELLS 3 STATES EFFECT CENTRE'S BAN

KRISHNA MURTHY CASE; CBI TEAM IN HONG KONG

AYODHYA CRISIS MAY HIT PORTFOLIO INVESTMENT ABROAD

TN GOVT BANS PROPOSED TEXTILE STRIKE

ALFA -LAVALA BAGS ORDER FOR COCACOLA PLANT
Britania and Coca-cola have joined hands to Britco Foods Company Pvt. Ltd.,
This is the 1st stage of the reentry of the products of the Coco-cola in
India. The plant for manufacturing beverage essence and beverage basis
company is proposed to be set up at Mulshi, near Pune.

SAMUDRA'S PROGRESS
PORTBLAIR - Samudra, the Indian Naval Vessel on the historical
"Kalinga-bali yatra" has reached campbell bay, The Southern most tip
of the country.

VIJAY YADAV TO REPLACE KIRAN MORE
TOUGH TASK AHEAD OF INDIA TODAY.


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