The Hindu Business Line : Monday, February 11, 2002

Govt tapping overseas market to retire dollar loan
THE Government is on course to carrying out its first overseas market borrowing aggregating over $100 million in the form of refinancing of a clutch of foreign currency bilateral loans. State Bank of India has been mandated to carry out the ... More

ECONOMY

Ballooning deficits

POLICY

Fiscal drama at Brussels
Germany's fiscal deficit being close to the prescribed target of 3 per cent, the EU has issued the defaulting country an official warning, and a fine may be imposed on it. Thus, ironically, the straitjacket that Germany had itself devised is proving tight in the current global crisis. Germany's experience should make India consider carefully before it accepts too tight a straitjacket in an otherwise inflexible Fiscal Responsibility and Management Act, which should be refined to take into accou nt the stage of the economic cycle. More

Panel likely to review nidhi norms
THE Government is actively considering constituting an expert committee to examine the issues raised on the prescribed norms notified by the Department of Company Affairs (DCA) for the nidhis or mutual benefit societies (MBS). In August last ... More

Delicensing dilemmas
THE POLICY-MAKERS' ATTITUDE to sugar decontrol is best summed up thus: "Willing to strike, but afraid to wound". How else does one interpret the Government's hesitation to proceed in the matter of decontrolling the sector? True to its ... More

Not in aid of India?

Export strategy disappointing

Spare the middle-class

STATES

TN to invite private sector to set up cold-storage facilities
THE Tamil Nadu Government will upgrade facilities at the agriculture marketing yards and shortly invite the private sector to set up cold-storage facilities in major horticulture production centres, according to Mr K. Ganesan, Commissioner, ... More

States told to speed up mining sector reforms
THE Union Minister of State for Coal and Mines, Mr Ravishankar Prasad, on Sunday called upon the State Governments to change their mindsets and expedite the implementation of reforms process in the mining sector. Speaking at the valedictory ... More

TAXATION

Changes in tax regime for life insurers likely
CHANGES in the taxation structure on the profits of the life insurance business are on the cards. The Finance Ministry is planning to incorporate some of the recommendations of the Eradi Committee on the taxation of the life insurance sector in ... More

AGRICULTURAL POLICY

Kerala rubber subsidy scheme may not boost exports
THE Kerala Government's recent Rs 40-crore subsidy scheme for rubber export is unlikely to attract more exports. For, the newly-announced scheme is applicable only to trading organisations in the co-operative sector as the Rubbermark, Rubco, ... More

INCOME TAX

Ministry irked at slippage in I-T collection
THE Ministry of Finance has expressed concern over the slippages in income tax collections from the regions of Karnataka and Kerala. Income tax which included corporation tax collections was Rs 2,906.7 crore for the first 10 months of the ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in

Top Stories
PSU insurers trim third-party cover

Ministry irked at slippage in I-T collection

Nabard proposes credit scheme for Tiruchi units

Wipro enters laptop segment

ChrysCapital buys 5 pc stake in NIIT -- Seeks FIPB nod for 10 pc more

Delicensing dilemmas

Trade missions on coal to visit UK next week

Jetex all set to speed up

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Feb. 3-Feb. 9
PSU loan pre-payments come as boon to Govt

Power Ministry draws up 6-level strategy

Grain curbs off, sugar freed, new policy for drug sector

Tanners face uncertainty as relocation deadline nears