The Hindu Business Line : Tuesday, March 05, 2002

Violation of SCRA -- Interim dividend rush kicks up row
THE race among corporates to outwit the Government by declaring interim dividends before the end of fiscal 2001-02 has kicked off a major controversy of sorts. For, the strategy adopted by the corporates violates the provisions of the listing ... More

Govt to get cracking
THE Government has set in motion an exercise to explore the prospect of putting a check on corporates declaring interim dividends in apparent violation of the listing agreement entered into with stock exchanges. Within a day of the announcement ... More

Sinha rules out excise rate cuts
THE Finance Minister, Mr Yashwant Sinha, today virtually ruled out any reduction in excise duty rates, saying that there was no evidence to show that such cuts would lead to higher domestic demand and enable the industry to emerge from the ... More

Intangible assets: CBDT for 15 pc depreciation
THE Central Board of Direct Taxes has proposed a lower rate of depreciation of 15 per cent on intangible assets against the existing rate of 25 per cent. It has also proposed doing away with the 40 per cent depreciation rate on buildings given ... More

RBI allowed to buy, sell euro
THE Reserve Bank of India (RBI) can use the euro as an additional currency for market intervention. This follows a Government notification providing the apex bank the option of using the euro as an additional currency for operational purposes, ... More

RBI cuts repo rate to 6 per cent
THE Reserve Bank of India on Monday effectively reduced the repo rate by 50 basis points, signalling a further lowering of interest rates. The RBI has announced a one-day fixed rate repos in Government securities on March 5, at 6 per cent per ... More

AstraZeneca open offer for 43.5 pc stake
THE Swedish company, Astra Pharmaceuticals AB, has made a public offer for acquiring all the 43.5 per cent of the shares in its subsidiary, AstraZeneca Pharma India (AZPI). The open offer would be at Rs 375 per share payable in cash, DSP ... More

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