Eradi panel proposals on insolvency law -- Core Group to examine changes in Cos Act
THE Department of Company Affairs (DCA) is said to have appointed a core group to examine and draft necessary amendment in the Companies Act following the recommendations suggested by the Justice V. Balakrishna Eradi Committee report on `Insolvency law'.

Sops for US cos on tax treatment likely
BARELY a few days before the Prime Minister Mr. Atal Bihari Vajpayee's scheduled visit to the US, the Finance Ministry is reviewing a host of demands - some of which pertain to relaxations in the existing tax treatment norms for subsidiaries of certain U S-based companies operating in India.

Customs, excise duty sops -- SSIs to gain competitive edge
The Government's decision to reduce customs duties on a host of inputs used in the manufacture of final products by the small-scale sector combined with the enhancement in the exemption limit on excise duty is expected to improve price competitiveness of domestic SSI sector and help the industry compete against cheap imports particularly from countries such as China.

Paging industry happy; cable units worried
THE domestic industry is planning to protest the import duty reduction on fibre optic cables and individually sheathed optical fibres and other fibre optic cables announced on Friday.

Jaspal Bindra new StanChart group head in India
MR. Jaspal Bindra has been appointed the Regional General Manager, India, of the Standard Chartered Group and Chief Executive Officer of Standard Chartered Grindlays Bank.

Virtual negotiation site for fixed income securities
YOU may be an institutional investor, a corporate issuer or a bonds dealer. And if your concerns are enhanced liquidity, transparent price discovery, confidentiality and simultaneous negotiation with multiple counterparties, come, board the Riskxpress.co m - a virtual negotiation platform for fixed income securities.

Mangalore power project facing uncertainty -- Financial security package hanging fire
WITH the Karnataka Government vacillating over a financial security package, the fast track 1013 MW Mangalore thermal power project is faced with uncertainty.

R&M: Not a power-packed performance yet
IT costs about Rs. 4 crores to create one MW capacity of thermal power. It costs just around Rs. 80 lakhs to achieve an additional one MW capacity by renovating and modernising an existing, old power plant. Power plants involving some 30,000 MW are candi dates for renovation and modernisation programmes, which, by any standard is easy, quick and cheap. Yet, R&M is not happening in this country - at least, not on the scale it should.

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