THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, November 12, 2001

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Page One

Textiles may deadlock talks at Doha meet
WITH the US and Canada placing on record significant difficulties in accepting the provisions of the draft declaration on textiles and clothing, the ongoing WTO ministerial conference appears to have lost a vital element of flexibility.

Withholding tax denial -- Reliance must have been given notice: Attorney-General
THE case of denial of withholding tax benefits to Reliance Industries Ltd (RIL) for alleged violation of the External Commercial Borrowings (ECB) guidelines has taken an interesting turn.

Private placements rev up
CORPORATES that had put off raising funds from the market till the Credit Policy have now started tapping the markets through the private placement route.

IRDA wants pension funds to go global
ADVOCATING the shift over to a single integrated pension system that would gobble up all existing pension-related schemes, the Insurance Regulatory and Development Authority (IRDA), in its report on pensions reforms, has suggested an open, flexible, regi me with strong global linkages including allowing investments by Indian pension funds in foreign capital markets.

Operational curbs on telecom PSUs may go
THE Government is reconsidering its decision to disallow public sector telecom majors Videsh Sanchar Nigam Ltd (VSNL), Bharat Sanchar Nigam Ltd. (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) from competing with each other in basic and national long-dis tance services.

 Naval band performance at India Gate
Members of the Naval band performing at India Gate in the Capital on Sunday.


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