The Hindu Business Line : Wednesday, January 09, 2002

Lok Adalats to get more teeth
THE Union Cabinet on Tuesday gave Lok Adalats greater powers to handle disputes relating to all public utility services - barring Railways and banks. All public utility services including insurance, air transport, road or water transport, ... More

POLICY

Cos can have foreign currency a/c abroad
INDIAN companies and firms can now open, hold and maintain with a bank outside India, a foreign currency account, by making remittances from India for the purpose of normal business operations of the office/branch set up outside India or ... More

Ordinance to give Govt blank cheque on excise -- Cap on commodities to go
THE Cabinet today authorised the Finance Ministry to fix any rate of excise duty on commodities under emergency powers, scrapping the existing provisions that limited hikes to a maximum of 100 per cent. Accordingly, the Cabinet has decided to ... More

Cabinet okays proposals on auto emission norms
FISCAL incentives for the auto sector and the oil industry are on the anvil, with the Union Cabinet giving its approval to implement the recommendations on vehicular emission norms and auto fuel quality made in the interim report of the Expert ... More

STATES

Maithon to float SPV for captive coal mining
MAITHON Power Ltd (MPL), the joint venture between Damodar Valley Corporation (DVC) and the Mumbai-based BSES Ltd, is planning to float a special purpose vehicle (SPV) for ensuring coal supplies to the 1,000-MW thermal power plant that MPL is ... More

Maharashtra, Gujarat `best' for investors
COMPANIES covered by a World Bank-CII survey have voted Maharashtra and Gujarat as States with best investment climate (IC) in the country. However, the two industrial giants cannot be complacent any more as they are being challenged by ... More

Gujarat plans reforms to bring in investments
Mr Modi said that in order to upgrade the quality of products and modernise technology in the industry, his Government is going to assist the small-scale industry by way of subsidies for upgradation to ISO 9000 standards. More

AP to launch new integrated network
IN Andhra Pradesh, the total cost of e-governance is estimated around $400 million and a generic office management product, .gov, would be launched in March. It would be an integration of technologies to deliver an electronic workplace, according ... More

ITDC signs MoU with Rajasthan Tourism
THE India Tourism Development Corporation (ITDC) and the Rajasthan Tourism Development Corporation (RTDC) have signed a memorandum of understanding (MoU) for promoting tourism and hotel management related services. The MoU offers ITDC's ... More

Coimbatore airport under CISF cover
THE Central Industrial Security Force (CISF) will take over the security operations at the Coimbatore airport at Peelamedu from this month. About 130 men and officers drawn from various CISF units in the country would be deployed for airport ... More

Vizag export zone to have new online facility
IN line with the Ministry of Commerce's desire to facilitate online filing and approval of applications required by nearly 10,000 exporters comprising 100 per cent EoUs and EPZ units, the Visakhapatnam Export Processing Zone (VEPZ) will launch on ... More

Training for Kochi BSNL officers

TAXATION

Customs duty on raw cotton doubled
THE Government has doubled the basic customs duty on raw cotton to 10 per cent. The move follows a recovery in domestic production from last year's 12-year-low of 93.9 lakh bales (of 170 kg each) to an estimated 123 million bales in ... More

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Defence canteen supply -- McDowell's Signature takes on Royal Challenge whisky

DSE clean-up drive opens pandora's box

ICAI urges tax on farm income

Ordinance to give Govt blank cheque on excise -- Cap on commodities to go

Cos can have foreign currency a/c abroad

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Dec. 30-Jan. 5
Spices exports drop by Rs 172 cr

Multilateral agencies to be roped in -- Asset reconstruction co equity to private sector

$10-m norm for FDI in realty

Quantitative cap goes on cotton yarn export

Defence production thrown open to private sector, FDI