Govt may refinance costly external debt
THE Government is close to finalising a proposal to refinance part of its relatively expensive external debt to substitute it with cheaper debt.

Rly Ministry to relax volume discount scheme norms
THE Railway Ministry is set to relax norms for the volume discount scheme and lower the lumpsum rate for coal moved under the merry-go-round scheme (MGR) to step up freight traffic.

Fourth cellular licence -- Operators protest low bandwidth
THE air waves are rife with protests from the ``potential'' fourth cellular operators in the four metros and 17 circles, bidding for which closes on the 29th of this month.

Finance Ministers' panel to endorse VAT design today
THE Empowered Committee of State Finance Ministers chaired by Dr Asim Dasgupta, will meet here on Monday to endorse the Value Added Tax (VAT) design that has been formulated by a committee of commissioners.

Non-executive directors -- Grasim to compensate through commission
GRASIM Industries Ltd (GIL), an Aditya Birla group company, intends to compensate its non-executive directors through payment of commission.

Playing traunt
The rain clouds that gathered over Chennai city a few days ago having gone away without much showers, fishermen pull their catamarans ashore.

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