The Hindu Business Line : Sunday, June 02, 2002

Gond suspended
THE Union Government has suspended Mr A.K. Gond, Commissioner of the beleaguered Seamen's Provident Fund Organisation, to facilitate a "free and fair" probe into the gilts scam. The order for suspending Mr Gond was cleared by the Union Shipping ... More

Duty drawback rates cut for 450-500 items
THE Government on Saturday revised duty drawback rates for close to 850 items following changes in tariffs made in this year's Budget. Duty drawback is an incentive to compensate exporters for customs and excise duties borne on inputs used in the ... More

Cos will be able to pay dividend to pref shares from capital -- Act change in wake of telecom row
THE Government has decided to amend the provisions of the Companies Act to allow companies to pay dividend to preference shareholders out of their capital. This will be permitted only in the case of those companies who are unable to fulfil ... More

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Cos will be able to pay dividend to pref shares from capital -- Act change in wake of telecom row

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