Cabinet may step in to resolve EPF stand-off
THE stand-off between the Labour and Finance Ministries over retaining the interest rate on Employees' Provident Fund (EPF) deposits for 2002-03 at 9.5 per cent may have to be resolved by the Union Cabinet. The issue will be referred to the ...
EPF cushion for laid-off members
THE Central Board of Trustees (CBT) of the Employees Provident Fund (EPF) Organisation has cleared the introduction of a multi-benefit employees insurance scheme for EPF members who have been laid off on account of companies `right-sizing' their ...
Bhave panel wants cos to bear part of demat cost
A COMMITTEE constituted by the Securities and Exchange Board of India (SEBI) to look into various aspects of reduction in the cost of dematerialisation to investors has recommended that companies be made to bear a substantial part of such ...
NTPC mulls 4-5% equity float
NATIONAL Thermal Power Corporation (NTPC) recently sought an in-principle nod from the Government for an initial public offering (IPO) amounting to around Rs 1,450 crore, according to Power Ministry officials. In a recent communication, the ...
`3 oil PSUs to get nod for public offers jointly'
THE Union Ministry of Petroleum and Natural Gas will seek the Cabinet approval for public offers of three oil PSUs - Indian Oil, Bharat Petroleum and Hindustan Petroleum - jointly, Mr Ram Naik, Union Minister of Petroleum and Natural Gas, ...
DCA studying breach of Cos Act by Reliance
DCA official confirmed that the department was examining the nitty-gritty and details of the 600-page report and, based on their findings, actions would be initiated.
Foreign co, NRIs allowed to open term deposit a/cs
THE Reserve bank of India (RBI) has permitted authorised dealers to open term deposit accounts in favour of foreign firms with branches or offices in India and also for NRIs for a period of six months. It has been receiving requests from ...
Discounts yes, but no flights of fancy
BEFORE you rush to the travel agent to snap up the "fantastic'' deals the domestic airlines are offering from August 1, it might be a good idea to read the fine print. For starters, these reduced fares cannot be combined with other discounts ...
S. Narayan to be new Finance Secretary
THE Government today announced a major reshuffle at the top positions of the Finance Ministry just a week after Mr Jaswant Singh took over as the new Finance Minister. Dr S. Narayan, the senior most IAS officer in the Ministry, will be the new ...
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