Current account

  • 12/01/2001

The Maharashtra Government has been well advised to pull back from the brink and defuse the crisis over the state electricity board's inability to pay its dues to the Enron-promoted Dabhol Power Company. Just a day before the international lenders met in New York to decide on invoking the government's letter of credit, the state has decided to release the necessary funds to the MSEB. (editorial)