The Hindu Business Line : Friday, April 19, 2002

Madras HC restrains CBDT on treatment of NBFC income
IN a far-reaching ruling which brings relief to non-banking finance companies, the Madras High Court has ordered an interim injunction restraining the Central Board of Direct Taxes from assessing receivables as "income'' where such amounts had ... More

FOREX

Re firms up; gilts range-bound
Mumbai: THE rupee closed on Thursday at 48.9050/9150 against the dollar as compared to the previous close of 48.92/9250 in a lacklustre forex market. Forex dealers said, the market is witnessing good dollar supplies but absence of significant ... More

INSURANCE

Policyholders' protection regulation in the offing
THE Insurance Regulatory and Development Authority (IRDA) is considering bringing in a `policyholders' protection regulation', which could include a mandatory `free look' period for all policies and interest to the insured, in case of delayed ... More

PRIVATE BANKS

IDBI Bank net up in Q4; capital plans delayed
IDBI Bank has reported a marginal rise in net profit for the fourth quarter ended March 2002 at Rs 10.54 crore as compared to Rs 10.14 crore in the corresponding period in the previous year. Total income rose to Rs 69.10 crore (Rs 55.19 crore). ... More

INTEREST RATES

Interest rate adharma
The Finance Ministry should review the situation and point out to banks that it is adharma to raise the lending rate if the deposit rate goes up, in view of the benefits derived from the changes in CRR. More

Kerala: Co-operative sector interest rates revised
THE Registrar, Co-operatives, Kerala, has revised the maximum permissible interest rates that are applicable on deposits with various financial institutions in the co-operative sector. The new interest rates are applicable with effect from ... More

GOVT BONDS

AP State development loan

EVENTS

Fund-Bank annual meet opens today
THE role of the International Monetary Fund (IMF) in crisis management, combating money laundering and financing of terrorism are some of the major issues for discussion at the annual spring meetings of the World Bank and IMF beginning in ... More

NEW PRODUCTS & SERVICES

IDBI-Principal AMC launches monthly income series
IDBI-Principal Asset Management Company Ltd on Thursday launched the monthly income plan series. The open-ended income fund, `IDBI-Principal Monthly Income Plan Series' will initially have three investment plans namely a Dividend plan, Auto ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Farmers ready, but where are Bt cotton seeds?

Cabinet okays Bill for petroleum regulator

Policyholders' protection regulation in the offing

Interest rate adharma

Delaying VAT is no taxing issue

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Apr. 7-Apr. 13
Third party cover can't be denied, says IRDA -- Allows 100 pc hiking of motor insurance tariff

Morgan Stanley leads in investment banking: Study

Madras HC stays cut in tax on perks

Insurance VRS may be on offer shortly