The Hindu Business Line : Monday, March 11, 2002

Centre to set up leather complex in AP -- Tannery upgrade fund investment cap to be raised
THE Union Commerce Ministry has selected Andhra Pradesh for setting up its first leather complex, according to the Ministry sources. Sources told Business Line that at least 10-15 overseas tanneries had evinced interest in setting up ... More

`Kerala Budget lacks in thrust to industrial sector'
The Kerala Finance Minister, Mr K Sankaranarayanan, has embarrassed the laymen and the learned alike by presenting a largely populist Budget 2002-03, offering a variety of new welfare programmes and without taxing anybody much. Probably the ... More

Asim Dasgupta critical of reform-funds linkage
IS the Centre over-stepping its limits in linking States' access to certain development funds with the initiation of reforms by the latter? Yes, thinks Dr Asim Dasgupta, West Bengal's Finance Minister, who has been handling the State's ... More

TAXATION

Foreign cos face tough action on tax defaults -- Assets abroad targeted for recovery of dues
THE Finance Ministry is set to adopt a carrot and stick policy on foreign companies operating here. Close on the heels of proposing a cut in the corporate tax rate on foreign companies from 48 per cent to 40 per cent, the Ministry has also firmed ... More

`Industry must perform to expected levels'
THAT a change of heart has taken place in the Government is evident from the recent Union Budget which has turned the Central Excise and Customs apparatus industry-driven with a number of tax relaxations and it is for the industry to perform at ... More

FINANCIAL POLICY

Fiscal responsibility Bill -- Deficit limits to stay, but with changes
THE Finance Ministry is set to retain numerical ceilings on deficits in the proposed amendments to Fiscal Responsibility and Budget Management Bill (FRBM), adhering to its commitment of undertaking fiscal restructuring. The ceilings on fiscal ... More

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IOC monopoly over import ends -- BPCL makes first spot crude buy

Foreign cos face tough action on tax defaults -- Assets abroad targeted for recovery of dues

Foodgrains output to miss target again

The Budget and its fineprint

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Mar. 3-Mar. 9
Jayalalithaa sworn in; to focus on economy

Bleeding Gujarat losing Rs 500-cr business daily

`Taxation policy must be consistent'

Regression rams resurgence in Gujarat

Auto policy may set norms for fresh investments

100 pc FDI in auto sector under automatic route -- No minimum investment norms

Rs 2,000-cr investment norm set -- Petro marketing thrown open to private sector