Financial Daily from THE HINDU group of publications
Friday, January 11, 2002
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Financial Daily from THE HINDU group of publications Friday, January 11, 2002 |
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INDUSTRY & ECONOMY BUDGET `Focus on revenue deficit' LEADING economists have said that the current recessionary trends in the economy should not be used as a pretext for deviating from the path of fiscal rectitude and structural reforms. At a pre-Budget meeting with the Finance Minister, Mr ... More CEMENT Zuari to buy out India Cements in Sri Vishnu ZUARI Cement Ltd today said it would be acquiring the entire equity holding of India Cements Ltd and its associates in Sri Vishnu Cement Ltd for an enterprise value of Rs 385 crore. India Cements and its associates hold 95 per cent stake in Sri ... More ECONOMY India must speed up reforms to tide over crisis: Smadja Stating that the picture of the global economic recovery during 2002 would be highly fragmented, Mr Smadja said that the `extremely demanding' environment after the attack on the World Trade Center was a possible indicator of the US taking a differen t view on demands from its allies. More PSU VRS optees in BBUNL group cross 9,900 A TOTAL of 9,926 persons have availed of the voluntary retirement scheme (VRS) offered by the seven subsidiaries of the engineering public sector unit, Bharat Bhari Udyog Nigam Ltd (BBUNL). A BBUNL source said that these people had left between ... More PETROLEUM Post-APM sword hangs over RPL-IOC deal AS the Indian Oil Corporation (IOC) and Reliance Petroleum Ltd (RPL) discuss the terms of the marketing agreement signed two years ago, it may be in order to focus on the core issue at stake now. What exactly is the core point of dispute between ... More
Sore over move to continue subsidies -- Oil MNCs' rethink on investment plans TAXATION `Ask banks to remit tax on term deposit interest' THE Institute of Chartered Accountants of India (ICAI) has urged the Government to shift the onus of payment of tax on interest credited on term deposits and recurring deposits to the banks from deposit holders. In its pre-Budget memorandum to ... More
Tax mop-up down 2.4 pc
Excise Ordinance promulgated
VAT is the best tool to tax services: Stern TEXTILES CII urges uniform excise for spinners THE Confederation of Indian Industry (CII) in its pre-Budget memorandum on indirect taxes for 2002-03 has suggested steps that would boost the performance of the textile industry. The chamber said that a uniform excise duty of 8 per cent on ... More RADIO/TV Blackout threat to ESPN /Star Sports THE recent hike in subscription rates by sports channel Star Sports/ESPN to Rs 24 per consumer per month has led to a blackout threat by certain sections of the cable industry in the Capital. Mr Vikki Choudhury, President of the National Cable ... More
Miditech planning TV soaps, family dramas CARS Toyota sales rise 29 pc in 2001 NEW DELHI: Toyota Kirloskar Motor Ltd on Thursday said it sold 28,022 Qualis utility vehicles in 2001, which marks a 29 per cent growth over 21,785 units sold a year earlier. The company intends to unveil the petrol version of the ... More MINERALS Goan iron ore exports facing rough weather Even as the current fiscal shipments are under pressure, courtesy global recession and the consequent market aggression of better-placed exporters, news of the Organisation for Economic Cooperation and Development (OECD) countries agreeing to ... More WTO Maran urges transparency in WTO talks THE Union Commence & Industry Minister, Mr Murasoli Maran, on Thursday called for fair and transparent consultations among all WTO member groups on the negotiations to be taken up next year in Mexico. He also warned the rich and powerful ... More
Next WTO chief spells out agenda EVENTS `Revamp finances for foreign capital' INDIAN companies would have to carry out major revamp of finances to attract international capital, both from non-resident Indian and global institutions. Speaking at the CII session on global finance here on Thursday, Dr Marti G. Subramanyam, ... More ENTERTAINMENT & LEISURE Special effects come to Bollywood IF you raved about Hollywood thrillers like Men In Black, Independence Day and Godzilla, just look out for similar special effects fare from Bollywood soon. Compudyne Winfosys, the Bangalore-based Internet and multimedia ... More IMPORTS & EXPORTS `Bar-coding, branding vital for exporters' THE Joint Director-General of Foreign Trade (DGFT), Mr A. Komu, on Thursday advised exporters to adopt branding approach and bar-coding to achieve greater acceptance in the global markets as these would become distinguishing ... More TOURISM `Tax reforms key to set tour sector on growth path' RATIONALISATION of the tax structure would go a long way towards providing a fillip to travel and tourism trade, Mr Jehangir Katgara, Director, Travel Corporation of India (TCI), said on Wednesday. Mr Katgara told Business Line that his ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Dec. 30-Jan. 5 IT Industry upbeat on 2002 3.29 pc export jump in Nov brings fiscal target closer Health drinks, shampoo to drive FMCG Move to boost TUFS funding in textile sector |
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