The Hindu Business Line : Monday, May 20, 2002

Money laundering through ECBs?
AFTER the end of each financial year in March, it has been a customary practice for the Finance Ministry to review its External Commercial Borrowings (ECBs) policy. At the peak of the demand for overseas borrowings in 1996-97 and 1997-98, the ... More

ECONOMY

`Slowdown dogs capital goods'
THE latest Ascon industry survey conducted by the Confederation of Indian Industry (CII) for the period April 2001-March 2002 over the same period the previous year has indicated that while there were some early signs of pick up in certain ... More

Govt averse to two-tier pension proposal
THE Government is considering dropping the proposal of the Bhattacharya Panel on government pensions for a two-tier system of pensions for new recruits based on a combination of defined benefit and defined contribution due to its financial ... More

AP Govt to fine-tune strategy group recommendations
The Minister for Major Industries, Mr K. Vidhyadher Rao, said that the effort was on to bring in a single-window clearance system for entrepreneurs so that they would not have to tackle multiple administrative layers for clearances. More

HEALTH

Breakthrough in cardiac procedure

PHARMACEUTICALS

IPA becomes IGPA member
MUMBAI: The Indian Pharmaceutical Alliance (IPA) has said that it has been accepted as a member of the International Generic Pharmaceutical Alliance (IGPA). According to a press release, the membership would add significant value to ... More

POWER

TNEB gains from switch to new meters
THE Tamil Nadu Electricity Board is benefiting from the investment it is making in installing electronic meters for high-tension consumers and high-precision meters for domestic connections. While the electronic meters help TNEB read various ... More

EDUCATION

Teresa varsity to offer specialised MBA programme
THE Mother Teresa Women's University at Kodaikanal has launched a specialised MBA programme for women from the current academic year. According to a press note from the University Vice-Chancellor, Dr Anandavalli Mahadevan, the programme is ... More

INDUSTRY ASSOCIATIONS

TN: Plea on resale tax collection

DISINVESTMENT

Reliance to make open offer for IPCL at Rs 231
RELIANCE Industries Ltd will have to make an open offer for buying 20 per cent of IPCL's shares held by the public at Rs 231 per share as per the takeover code stipulated by SEBI. In line with the SEBI norms, the acquirer would have to make ... More

IPCL well into `Reliance family'
RELIANCE Industries Ltd (RIL) today formally welcomed the employees of Indian Petrochemicals Corporation Ltd (IPCL), to its fold. "Reliance will endeavour to provide new and improved opportunities to IPCL's 14,000 workers and employees as members ... More

Reliance makes it big with IPCL
THE acquisition of 26 per cent equity stake in Indian Petrochemicals Corporation Ltd (IPCL) by Reliance Industries from the Government is a watershed event, both for the privatisation process and for the domestic petrochemicals industry. The ... More

TRADE & LABOUR UNIONS

Kerala: Ire against contingency manual

Freeze on promotions opposed

Kerala: Union protests KSRTC moves

ENTERTAINMENT & LEISURE

AP: Celebrity city centre

INCOME TAX

Salaried employees can perk up: Easier norms likely for cars, cards, club expenses
THERE could be some good news in the offing for salaried employees on the taxation of perquisites. The Finance Ministry is set to propose relaxations in the documentation requirements for assessing the perquisite value of cars, club expenses and ... More

EXPORTS & IMPORTS

Export documents can be sent direct to consignee
TO further simplify the procedures on exports, the Reserve Bank of India has decided to extend some additional facilities to exporters with proven track record — that is, those who have been certified as `Status Holder Exporter', in terms ... More

ALTERNATIVE MEDICINES

Central support for Ayurveda meet in Kochi
THE Union Ministry of Health and Family Welfare has extended support to the successful conduct of the World Ayurveda Congress 2002, scheduled to be held at the Jawaharlal Nehru International Stadium at Kaloor in Kochi from November 1 to 4 this ... More

PEOPLE

Karnataka: Janaagraha identifies more projects in city
IF what had done in the first five months of Janaagraha is any indication of the way things are going to shape up in this city, then civic responsibility has truly dawned upon Bangaloreans. On Friday, the citizen participation campaign, ... More

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Salaried employees can perk up: Easier norms likely for cars, cards, club expenses

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
May. 12-May. 18
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Gond used wife's cos to launder kickbacks