The Hindu Business Line : Tuesday, April 09, 2002

Govt set to distance itself from UTI, give up powers -- Act amendment on the cards
THE structural changes under way in Unit Trust of India (UTI) through proposed legislative changes encompass a proposal wherein the Government will give up its powers to appoint the Chairman of the Trust. This, coupled with the move, to convert ... More

Direct tax mop-up falls short of target
"Even a shortfall in the range of Rs 3,000-4,000 crore in direct tax collection vis-a-vis revised targets is not a cause for panic. This is because the final borrowings — the bottom line pointing to any possible slippage in fiscal deficit targe t & #151; are well within the revised estimates for 2001-02." More

Bharti makes an international call
AFTER being the first private telecom company to launch cellular, basic and national long distance services in India, the Bharti group has once again beaten the other telecom companies by its `soft-launch' of international long-distance services ... More

Group investment cos may sell stake in RIL -- Merger gets shareholders' nod
RELIANCE may sell the shares held by the group investment companies in Reliance Industries Ltd after the merger of Reliance Petroleum Ltd with it and use the proceeds for acquisitions in India or abroad, Mr Dhirubhai Ambani, Chairman, RIL, said ... More

Govt asks SCI to pay 30 pc interim
THE Union Government has asked Shipping Corporation of India (SCI) to pay an interim dividend of about 30 per cent by the end of May, well ahead of the proposed privatisation of the state-owned shipping line. SCI had skirted the Shipping ... More

Corporate `treasurers' wake up, get cracking
IT'S a treasurers' club. The members are large corporates including Reliance, Grasim, Telco, Gujarat Ambuja, L&T, HDFC, ACC, BSES, M&M, Asian Paints, RPG Enterprises, Piramal Enterprises, Cadbury, Castrol and Thomas Cook. They have come together ... More

Power games excite bureaucrats
IAS officials to whom Business Line spoke admit, on strict anonymity, that the appointment of outsiders is not being confined to the power sector alone. More

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