The Enron muddle
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08/02/2001
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Pioneer (New Delhi)
The Union Government has no alternative to exploring ways of bailing the Maharashtra Government out of the situation created by the Dabhol Power Company's (DPC's) invocation of the Centre's counter-guarantee clause in the project agreement. As the Maharashtra Chief Minister, Mr Vilasrao Deshmukh, has pointed out, the future of Foreign Direct Investment (FDI) into India will be affected if the DPC's future became uncertain in this country. (Editorial)