The Hindu Business Line : Monday, January 21, 2002

`EU nations must speak in one voice'
In an article published the latest issue of OECD Observer, Mr Patrick Lenain, a senior official of the OECD, said that it was not clear how to make the euro internationally more attractive, though making Europe a more attractive place to inves t would be a helpful start. More

POLICY

Realty may get access to overseas borrowings
THE Government is considering a proposal to lift the ban on use of proceeds from `external commercial borrowings' (ECBs) for investment in real estate and property development, signalling a major policy shift. The Finance Ministry has flagged ... More

Railways shelves variable tariff plan for petro-products
"The Railway Ministry's plans have come to naught following the decision amongst state-owned oil companies to maintain the status quo on the distribution arrangements for two years after the dismantling of the administered pricing mechanism (A PM) from March 31, 2002,'' said official sources. More

Will SEBI Chairman's powers be defined?
CLOSE to 8 months after work first started on amendments to the SEBI Act, a revised note for Cabinet approval is now in the process of being finalised. A month ago, after the Cabinet Secretariat returned the draft Cabinet note on amendment in ... More

`Coal sector reforms may not hit CMRI functioning'
IT is commonly surmised that the Council of Scientific and Industrial Research (CSIR) laboratories such as the Central Mining Research Institute (CMRI) located in Dhanbad in Jharkhand, are likely to face an uphill task in view of the progress of ... More

Subsidy for private shipyards too
THE Shipping Ministry has decided to extend the existing 30 per cent shipbuilding subsidy to private yards too. At present, the subsidy, introduced on August 14,1997, for five years, is available only to public sector shipbuilding units. The ... More

Stamp Act in for changes
THE Finance Ministry is set to seek the Union Cabinet's nod for a new Stamp Act which will focus, among other things, on fully defining the scope of instruments and prescribing more stringent penalties for offences against stamp law. Officials ... More

Unions against corporatisation -- Neither wise nor happy
The government decision to corporatise the country's major ports is aimed at improving their working. The objective is to convert port trusts into corporates. It is not anti-labour. On the contrary, it will make employees more responsible. It is ti me the unions recognised this reality. More

STATES

TN to target specific IT sectors in new policy
THE Tamil Nadu Government will frame the proposed Information Technology (IT) policy segmenting each sector within IT such as hardware, software, IT-enabled services and IT education. This exercise would be done, apart from taking up the entire ... More

Karnataka to privatise power sector after forming DisCos
THE Karnataka Government has decided to kick off privatisation in the power sector next fiscal once the four distribution companies (DisCos) are set up. These DisCos will comprise Bangalore, Mangalore, Hubli and Gulbarga centres All these ... More

Kerala medical institute to be operational from Jan 23
KERALA Institute of Medical Sciences (KIMS), the first venture of Great India Health Care Management Ltd, will become operational from January 23. The hospital is promoted by Air Travel Enterprise Group. The Kerala State Industrial Development ... More

Capexil to set up new Chapter in N-E
CAPEXIL, as part of a comprehensive strategy to beat slowdown in exports in the short-term, has decided set up a new Chapter in the North-East, and also create a modern trade facilitation centre here, where its headquarter office will be shifted. ... More

Farm products' marketing -- Karnataka bid to streamline activities
CLOSE on the heels of arecanut traders accusing harassment by the Government agencies for moving to a centralised marketing yard, the Agricultural Produce Marketing Committee (APMC) has now accused the traders of trying to prevent any attempt to ... More

INCOME TAX

Aviation Ministry for restoring tax exemption on ECBs
THE Ministry of Civil Aviation is set to seek restoration of income-tax exemption on withholding tax for foreign currency borrowings in its pre-Budget meeting with the Finance Ministry. The proposal to seek restoration of the tax exemption on ... More

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Kakinada port: A difficult transition

Foodgrains offtake surges by 55 per cent

Realty may get access to overseas borrowings

Railways shelves variable tariff plan for petro-products

TN to target specific IT sectors in new policy

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 13-Jan. 19
State Govt cos can undertake coal mining