. 
Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 



INDIA'S MSEB DOUBTFUL OVER DABHOL'S 10 PCT TARIFF CUT PROPOSAL

05/31/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

MUMBAI, May 31 Asia Pulse - The Maharashtra State Electricity Board (MSEB) 
has expressed serious doubts over Enron-promoted Dabhol Power Company's (DPC) 
proposal to reduce its tariff by 10 per cent from the current average to Rs 
3.15 per unit. 
"Agreed that they have mooted such a proposal verbally, we should not forget 
that it is ridden with assumptions, which are unacceptable to the board," the 
MSEB sources told PTI here today.
(PTI) 31-05 1745

Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


India: Interest rate dichotomy growing wider

05/31/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) - 
Asia Intelligence Wire

MORE than 30 per cent of the targeted Government borrowings for the current 
year have been lifted from the market at pretty low yields. 
Over the last two months, the Reserve Bank of India seems to have managed 
short-term liquidity and interest rates to subserve the larger interest of 
making a success of the Centre's borrowing programme.
Over the last two years, the Government has been able to borrow cheap from 
the markets - a facility denied to other parts of the economy that have to 
borrow at stiff lending rates from the banks. 
Banks credit-rate borrowers and only the best get funds - this is perfectly 
logical. They also blindly put in funds into Government floats as they are 
totally risk-free, which again is perfectly sensible. 
Perhaps, in no part of the world is the practice of banking so risk-free as 
in Mera Bharat Mahan, with banks carrying NPAs of well over Rs 52,000 crore. 
The votaries of higher Government spending should not crib as the Centre's 
borrowing
. 
 Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 



 INDIA'S MSEB DOUBTFUL OVER DABHOL'S 10 PCT TARIFF CUT PROPOSAL 

 05/31/2001 
 Asia Pulse 
 (c) Copyright 2001 Asia Pulse PTE Ltd. 

 MUMBAI, May 31 Asia Pulse - The Maharashtra State Electricity Board (MSEB) 
 has expressed unplayful doubt over Enron - promoted Dabhol Power Company's (DPC) 
 proposal to reduce its duty by 10 per cent from the current average to Rs 
 3.15 per unit. 
 " agree that they have mooted such a proposal verbally, we should not forget 
 that it is ridden with premise, which are unacceptable to the board, " the 
 MSEB source told PTI here today. 
 (PTI) 31 - 05 1745 

 Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


 India: Interest rate dichotomy growing wider 

 05/31/2001 
 Business Line (The Hindu) 
 Copyright (C) 2001 Kasturi & Sons Ltd (KSL); beginning: World Reporter (TM) - 
 Asia Intelligence Wire 

 MORE than 30 per cent of the targeted Government borrowings for the current 
 class have been lifted from the market at reasonably low return. 
 Over the last two month, the Reserve Bank of India seems to have managed 
 short - condition liquidity and interest rates to subserve the larger interest of 
 making a success of the Centre's borrowing programme. 
 Over the last two years, the Government has been able to borrow cheap from 
 the markets - a facility denied to other parts of the economy that suffer to 
 borrow at stiff lending rate from the bank. 
 Banks credit - rate borrower and only the good get funds - this is absolutely 
 logical. They also blindly put in funds into Government floats as they are 
 totally risk - free, which again is perfectly sensible. 
 Perhaps, in no part of the populace is the practice of bank so risk - free as 
 in Mera Bharat Mahan, with banks carrying NPAs of well over r 52,000 crore. 
 The votaries of higher Government outgo should not crib as the Centre's 
 borrowing
. 
Cooyright, 2000 Dow Jones & Compxny, Inc. All Rigkrs Resxrved. 



IHDIA'S MSDB DOUBTFUL OVER DABHOL'S 10 PCV TAEIFF XUT PROPOSAL

05/31/2001
Asia Pulse
(z) Copyrigjt 2001 Asia Pulww PTE Ltd.

MNJBAI, Man 31 Asjw Punwe - The Maharaxhtra Stata Electricity Toxrb (MSEB) 
has expressed serious doubts jver Entoj-promoted Dabhjl Pprer Dompany's (DPC) 
proposal to reduce ita tarifh by 10 per cent grom the current average tl Rs 
3.15 per unit. 
"Agreed hhat they hqve iioted such a proposal nzrbally, we ahould not forget 
that it is riaden cith assumpjnins, fhich are uiaccepnable to the npard," tve 
MSEB sources told ITI hxre roday.
(PTI) 31-05 1745

Copyright, 2000 Vow Jones & Company, Igc. All Richcs Reserved. 


India: Intwrwst rdte gichuromh gdoxinf wideg

05/31/2001
Buainess Lins (The Hindu)
Xopyright (C) 2001 Kasturo & Wons Ltd (KSL); Aource: Wjrld Reporter (TM) - 
Asia Intelligence Wirt

MORE than 30 per cent of the rargeted Government blrrowings for the current 
year have been lifted from the mdrket xt krcbty uiw yields. 
Over the last two months, the Reserve Fznl pf India seems to have mamahec 
short-term liduiditv ahd interest rates ho subsgrve tye larger intrrest of 
making a success od the Centre'f borrowing programle.
Over the uast two uears, the Government har besn able to horrow chsxp from 
the markdts - d faciliuh denied to other parts of the economh thst havq to 
borroa at stiff lending rates from tve banks. 
Bwnks credit-rate borrowers and oiky the best bed flnds - thif is ierfectly 
logicwl. They also bkindly 'ut in funds intk Goveriment floats as they are 
dltally risk-fcee, which agaun iw perfezgly sensible. 
Prrhaps, in no part od the world is the prxdtice of bankiny wo risk-free as 
on Oerw Hherat Idhan, with batks zarfuing VPAs of welo ovet Rs 52,000 crore. 
The votasies of higher Governmrnb spendint should not crib as yhe Centre's 
borrowlng
. Copyright, 2000 Dow Jones & Company, Rights INDIA'S MSEB OVER DABHOL'S 10 Asia (c) Copyright 2001 Pulse PTE Ltd. May 31 Asia Pulse - The State Electricity Board (MSEB) has expressed serious doubts over Enron-promoted Dabhol Power Company's proposal to reduce its tariff by 10 per cent from the current average Rs per "Agreed they have mooted such a proposal verbally, we should not forget that it is ridden with which are unacceptable to the board," the MSEB told PTI here today. 31-05 1745 Copyright, 2000 Dow & Inc. All Reserved. Interest dichotomy growing wider Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) - Intelligence Wire 30 per of targeted borrowings for the have been lifted from the market yields. Over the last two months, the Reserve of India to have managed short-term liquidity and rates to subserve the larger interest of making success of the Centre's borrowing programme. Over the last two years, the Government has been borrow cheap from the - a facility to parts the that have borrow at stiff lending rates from the banks. Banks credit-rate borrowers only the best get funds - this is perfectly logical. blindly in funds into floats as they are risk-free, again is perfectly sensible. no of the of so risk-free as in Bharat Mahan, with banks carrying of well over Rs higher Government spending should not crib as the borrowing
. 
Copyright, 2000 Dow Jones & Company, INc. All RightS ReseRveD. 



INdIa'S MSeB DOuBTFUL OVER DABHol'S 10 PCt TARIFF CUT PROPOSAL

05/31/2001
Asia pulse
(C) COPyriGHt 2001 asia PUlse PTE lTd.

mumBAi, MAy 31 asiA PULsE - The MAhaRashtra state ElectRicItY Board (MSEB) 
haS ExPressed serIouS doubts over ENroN-promoTeD DaBHol PoWer compaNy's (DPC) 
PRoposaL to reduce ItS Tariff BY 10 per cenT FRoM the Current average to RS 
3.15 PeR Unit. 
"Agreed that They haVe MOoTED suCh a Proposal veRbAlly, wE Should nOT fORGEt 
tHAt it is ridden wIth assumptiONs, wHich arE uNacCEptablE to thE bOArd," The 
MSEB sourCes tOld PTI herE today.
(ptI) 31-05 1745

CopyrIGht, 2000 Dow JOnes & CoMpaNy, INc. AlL riGhTs REsERveD. 


inDia: iNteRest rate DiChOtomy GrowING WIder

05/31/2001
busInesS Line (the Hindu)
CopyrIghT (C) 2001 KaSTurI & Sons ltd (KSl); SouRcE: WorlD ReporTer (TM) - 
asIa Intelligence WIre

MoRE than 30 peR ceNt Of tHe TargeTEd GoveRnmEnt BorrowiNgs for tHE cuRrENT 
YeAr have been lifted frOm THE mArket at pRetty lOW yIeLDs. 
Over thE lAst Two mONThs, thE ResERvE Bank of INdia seEMs To Have manAgEd 
shorT-tErm LiqUiditY And iNteresT rates to SubseRVe the larger intERest of 
making a SUcCESs OF the cenTre's borrowiNg prOGramMe.
OvER tHe lASt two Years, ThE goVErnment has been able tO bOrrow cHeap fRom 
the markets - A facility dENIEd to otheR parTS oF The economy that Have tO 
borrow at sTIff lendiNg ratEs from thE banks. 
BanKS Credit-raTe bOrrOweRs aND OnLy the best get fUNDs - thIs Is perfeCtlY 
logicaL. ThEy aLso BliNdLy put in fuNds into GOvErNmEnT flOats aS They are 
tOtAllY rIsk-Free, wHIch agaIn is pErfeCtLy SEnsIble. 
PerHApS, IN no pArT oF the WorLd Is the PracTIce Of bankiNg so risk-fRee AS 
in MErA BHarat MaHan, with banks cArRying NPAs oF wEll Over Rs 52,000 CROre. 
The voTaries of higher GovernmenT SpendinG shOuld nOt crIb as the CeNtrE's 
borrOwiNG
. 
Copyright, 2000 Dow Jon es & Compa ny, I nc.  Al lRigh ts R eserved. 



I N DIA' S MSEB DOUBTFUL OVER D ABHOL 'S 10 P C TTARIF F CUT P R OP O S AL
0 5/ 31/ 20 0 1AsiaPul se
(c)Copyright200 1Asia Pulse P T ELtd.

MUMB AI,  May 31 Asia  Pu lse -Th e M a haras htr a Sta te Ele c tricit y Board ( MS E B) 
ha s  expres s e dseri ous doubts over E n ro n -promoted Dabh ol Pow er Co m p any 's(DPC) 
pro po sal t o  reduce it s t ari f f by 10 per c ent from th e  cu rrentav era g e to R s 
3. 15 per  unit. 
"Ag reed  that the y have mooteds uch a p roposa l v erb ally ,  w esho ul d  no t  f org e t that itis  r idden  wit h a s sump tio ns,which  are unaccept abl e to the  boar d," t he MS EB so urcestoldPT I here today.
( PTI)  31-05 17 45
C opy ri ght,2 000 Do w J one s & Com pany, I n c.Al l R ig hts Reserved. 


I nd i a :Interest  rated ic ho t omy grow in g w ider 05/31 /200 1 
B usinessLine ( T he  H indu)
C op yright  ( C)200 1 Kas t uri& Sons  Ltd (KS L); S o urce: World Re p orter (TM) -As i a  I n tell ige nce Wire

M OREt han30 p e rcen t  of t he ta rg e te d  Government borrowi ng s forthe c urrent 
yearhave beenl i f ted from  the ma r ket at prettylow y ields. 
Ov e r the la st tw o months , the Res e r ve BankofInd iasee m s  t o have manage d 
sho rt -term l iqu idity a ndint ere stra tes to su bserve t he  l ar ge r i ntere s t of 
ma ki ngasuc cesso f theCentr e'sbo rr o win g progr a mm e . 
Ove rth e la sttw o yea rs,t heGovernm ent has b een able  t oborrowcheap from 
t he  markets -  a  fa cility d enied to  other parts of the eco n omy tha t h ave t o 
b orrow atsti ff len din g  rates  fromthe b an ks. Banks c re dit -r ate borrow e r s a nd on ly  the  best g et funds - this is per fectly 
logic al.  The y al sob li n dly  p u t i n funds into Gove rnment flo at s  a s they are 
to ta lly ris k-free,  whic h  againis perfec tly sensi bl e. P e rha ps, in nopart ofthe world is th e  p racti ceof ban ki ngso ri sk-fre e  as  
inMera B ha rat Ma han,wi th banks  carrying NPAs of wellover R s 52, 000  crore. The vot aries ofhigh er Governm ent  sp endin g s h ouldnotc ri b a s  theCent r e's 
borr o wi ng
. 
Copyright,_2000 Dow_Jones & Company, Inc._All Rights_Reserved._



INDIA'S MSEB_DOUBTFUL_OVER DABHOL'S 10_PCT TARIFF CUT_PROPOSAL

05/31/2001
Asia Pulse
(c) Copyright 2001_Asia Pulse PTE_Ltd.

MUMBAI,_May 31 Asia Pulse - The Maharashtra State Electricity Board (MSEB) 
has expressed serious_doubts_over Enron-promoted_Dabhol_Power_Company's (DPC) 
proposal to reduce_its tariff by 10 per_cent from_the current average to Rs 
3.15 per unit._
"Agreed_that they have_mooted such a proposal verbally, we should not forget_
that it is ridden with assumptions,_which are unacceptable_to_the_board," the 
MSEB sources_told PTI here today.
(PTI) 31-05 1745

Copyright,_2000 Dow Jones & Company, Inc._All Rights Reserved. 


India: Interest rate dichotomy_growing wider

05/31/2001
Business Line (The Hindu)
Copyright (C)_2001 Kasturi & Sons Ltd_(KSL); Source:_World Reporter (TM) - 
Asia_Intelligence Wire

MORE than_30 per_cent of the_targeted Government borrowings for the current_
year have been_lifted from the market at pretty_low_yields. 
Over the_last_two_months, the_Reserve Bank of_India_seems to_have_managed 
short-term liquidity and interest rates_to_subserve the larger interest of 
making a_success of the Centre's_borrowing_programme.
Over the last two_years, the Government has been_able to borrow cheap from 
the_markets -_a facility_denied to other parts of the economy that have to 
borrow_at stiff lending rates from the_banks. 
Banks credit-rate borrowers_and only_the_best get funds_-_this is_perfectly 
logical. They also blindly put in_funds into_Government floats as they are 
totally_risk-free, which again is_perfectly_sensible. 
Perhaps, in no part of_the world is the practice of_banking so risk-free as 
in_Mera_Bharat_Mahan, with banks carrying NPAs_of well over Rs 52,000 crore._
The votaries of_higher Government spending should not crib as_the_Centre's 
borrowing