The Hindu Business Line : Wednesday, January 16, 2002

Ministry to seek tax relief on imported LNG terminal
THE Power Ministry is set to seek tax incentives from the Finance Ministry on the imported liquefied natural gas (LNG) terminal besides benefits of deemed export, income-tax and inclusion in declared goods under Central Sales Tax (CST) for such ... More

POLICY

International long-distance for domestic cos -- DoT prescribes Rs 25-cr entry fee
THE Government has opened up international long-distance (ILD) services to Indian companies with a net worth of Rs 25 crore, following the end of Videsh Sanchar Nigam Ltd 's (VSNL) monopoly in April 2002, as recommended by the Telecom Regulatory ... More

70 paise kerosene price hike likely
THE Union Petroleum Minister, Mr Ram Naik, has hinted at the possibility of a hike in kerosene prices during the forthcoming Budget by around 70 paise to bring the subsidy at a level of 33 per cent of import parity price. This is in line with ... More

Plan panel urges steps to widen DD coverage
IN a bid to achieve 100 per cent coverage of DD National, the Working Group on the Tenth Five Year Plan on Information and Broadcasting has suggested that a bouquet of 20 DD channels in free-to-air mode in the Ku-band be provided through the ... More

STATES

Bengal's offer to Chatterjee on HPL marks a new chapter
THE West Bengal Government's latest decision to allow Mr Purnendu Chatterjee, an NRI partner of the Soros-Chatterjee combine, a controlling stake of 51 per cent in Haldia Petrochemicals Ltd marks the most crucial step to save the company from the ... More

States urged to usher in VAT regime early
THE Associated Chambers of Commerce and Industry (Assocham) has said that any deferment in the introduction of the value-added tax (VAT) regime to replace the sales tax system would only delay the formation of common Indian market. The chamber ... More

Bank of Bengal in the offing
EFFORTS are on to set up a Bank of Bengal, subject to the Centre's approval, Mr Somnath Chatterjee, Chairman of the West Bengal Industrial Development Corporation (WBIDC), said. The bank would pool the capital contributed by NRI venture ... More

TAXATION

Rakesh Mohan panel report -- Shipping cos may be allowed to choose tax regime
THE Rakesh Mohan Committee on introducing a new tonnage-based tax system for the domestic shipping industry is set to recommend that the option of switching over to the new tax system or staying within the existing corporate tax structure be left ... More

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Moser Baer posts Rs 62-cr net in Q3, expects revenues to double

RBI wants to counter slowdown by boosting aggregate demand

Tatas, Hughes call off talks for basic merger

International long-distance for domestic cos -- DoT prescribes Rs 25-cr entry fee

Modest hike in rail fares likely

Rakesh Mohan panel report -- Shipping cos may be allowed to choose tax regime

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 6-Jan. 12
Ordinance to give Govt blank cheque on excise -- Cap on commodities to go

Cos can have foreign currency a/c abroad

Kerala unveils harsh steps to overcome financial crisis

90% excise duty on petrol, 24% on diesel -- Prices for consumers cut marginally