The Hindu Business Line : Sunday, March 10, 2002

Dividend tax stays: Sinha
AFTER having acted tough against the attempts of corporates to pay interim dividends before March 31, the Government has made it clear that there will not be any relaxation of the law on this front. Speaking on the sidelines of a conference on ... More

To consult PM on LPG
MR Yashwant Sinha said he would discuss the issue of rollback of LPG and kerosene price hike with the Prime Minister, Mr Atal Bihari Vajpayee. When asked specifically whether a rollback was being considered, Mr Sinha said, "I am neither ruling ... More

Run on AP co-op bank
THOUSANDS of depositors of Prudential Bank, the Hyderabad-based co-operative bank, thronged all the 20 branches of the bank — 19 in the city and one in Cuddapah — on Saturday seeking premature withdrawal of their deposits. Following ... More

$299-m rise in forex reserves
COUNTRY'S forex reserves have increased by another $299 million to touch $50.744 billion for the week ended March 1 as compared to $50.445 billion in the previous week, according to the weekly statistical supplement of the RBI. Reserves have ... More

10 pc Nalco equity to be sold in domestic market -- 20 per cent ADR issue to follow
THE Union Government will sell 10 per cent of its equity in National Aluminium Company Ltd (Nalco) in the domestic market, followed by a 20 per cent American depository receipt (ADR) offering through a two-stage disinvestment plan. The domestic ... More

BPCL to phase out unviable outlets; plans 150 new ones
SIGNS of a post-APM struggle for market share are emerging in the oil sector. One of the majors, BPCL, has decided to phase out over 400 `unviable' retail outlets. It is simultaneously drawing up plans to set up 150 new outlets in promising ... More

Bankers awaiting Credit Policy to cut PLRs
BANKS were waiting for the Budget proposals to take a view on interest rates. Now, it appears, they may wait until the Monetary and Credit Policy in April to decide whether to reduce prime lending rates (PLR). Banks do not seem to be in any ... More

Kerala employees withdraw strike
THE Kerala Government employees and teachers have withdrawn their indefinite strike with the Government agreeing to marginally restore a couple of benefits. The decision by the employees followed talks between the leaders of various unions and ... More

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