The Hindu Business Line : Wednesday, March 20, 2002

PDS grain prices to be cut further
The issue prices were last revised on July 12, 2001, with APL rates being reduced from Rs 1,130 per quintal to Rs 830 for rice and from Rs 830 per quintal to Rs 610 per quintal for wheat. More

FII investment in pvt banks outside 49 pc FDI limit
THE Minister of State for Finance, Mr Balasaheb Vikhe Patil, told the Rajya Sabha on Tuesday that the portfolio investment by foreign institutional investors (FIIs) in the private sector banks would be outside the foreign direct investment (FDI) ... More

Mobile prices slashed
MOBILE handset manufacturers Nokia, Motorola, Samsung, Alcatel, Mitsubishi, Siemens, Sony Ericsson, Philips and Panasonic have slashed prices by between 6.6 per cent and 47 per cent. Passing on the benefits of the abolition of 16 per cent ... More

AI gets a good deal on risk premium payout
DESPITE a close to 50 per cent increase in its annual insurance payment around $13 million for fiscal 2002-03, Air India has managed to get a much sharper rate than those negotiated by other aviation and insurance companies across the ... More

More sops for domestic area suppliers likely
THE Finance Ministry is set to extend more sops, including tax breaks to suppliers sending goods from the domestic tariff area (DTA) to the special economic zone (SEZ) in the forthcoming Exim Policy. According to official sources, the Finance ... More

Diesel consumption takes a dip in Feb
PETROLEUM products consumption has shown a 0.7 per cent decline in the April-February period, with diesel, considered the indicator of economic health, reporting a negative growth of 3.5 per cent during the last eleven months. In February, ... More

Here's a surprise: Pay sites are paying off!
IT was perhaps their biggest gamble for survival, but the few dotcoms in India that dared to become paid sites say their strategy is starting to pay off. When online ad revenues failed to grow, three free sites - a news portal, an e-mail and ... More