Financial Daily from THE HINDU group of publications
Wednesday, July 17, 2002
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Financial Daily from THE HINDU group of publications Wednesday, July 17, 2002 |
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INDUSTRY & ECONOMY COURTS/LEGAL ISSUES Attention, standard ease WELL, by now this has become the talking point for accountants: That banks have been exempt from mandatory compliance with four Accounting Standards (AS) issued by the Institute of Chartered Accountants of India. The sop came from Reserve Bank ... More ECONOMY Karnataka: In-principle nod for coastal SEZ plan All the three are expected to function as a `SEZ corridor' — a joint coastal special economic zone — of sorts since the three areas are already linked by rail with a bulk of their activity being in the non-manufacturing sector. More
India pleads for poor nations FOREIGN TRADE Kenya keen on more Indian investments KENYA, a key member of the East African Cooperation grouping, has sought fresh investments from Indian entrepreneurs in sectors such as fertilisers and pesticides, pharmaceuticals (specifically for the manufacture of anti-malarials), dairy ... More PETROLEUM Petro product sales down during June SALES of petroleum products suffered a setback in June 2002 with consumption sliding to -1.7 per cent. Most fuels saw negative sales, with diesel falling to -4.4 per cent. Bulk sales of both diesel and petrol, which account for one fourth of ... More POWER MERC fixes non-fossil power tariff THE Maharashtra Electricity Regulatory Commission (MERC) has fixed the tariff for power produced by non-fossil fuel-based co-generation projects at Rs 3.05 per kWh for the first year of operation. The regulator's order would provide a fillip ... More TAXATION TDS exemption for 14 entities THE Central Board of Direct Taxes (CBDT) has exempted income received by 14 entities - which enjoy the benefit of unconditional tax exemption and are not mandatorily required to file returns - from the requirement of tax deduction at source ... More
Jaswant keen on further simplification of tax rules WATER MANAGEMENT Nabard support for Neeru-Meeru project IN order to supplement finances of the State's ambitious Neeru-Meeru programme, the Andhra Pradesh Government has mobilised an amount of Rs 201.60 crore under RIDF-VIII of Nabard and the food-for-work programme to address water-related works in ... More
All-party meet to discuss Cauvery water issue today RADIO/TV Broadcast panel wants communal amity campaigns THE content committee of the Indian Broadcasting Foundation (IBF) has decided to ask all the broadcasters to air public service campaigns on communal harmony free of cost. Sources said that the first set of campaigns would feature Amitabh ... More DISINVESTMENT Venkateswara mill gets highest number of bids VENKATESWARA Co-operative Sugars Ltd, Renigunta, with six bids has emerged as the most sought after among the seven co-operative sugar mills up for sale in the State. NVR Co-operative Sugars in Jampani in Guntur district attracted five out of a ... More
PSUs' market cap up `due to divestment' SMALL SAVINGS Labour Ministry told to cut EPF rates THE Finance Ministry today dashed the hopes of the Central Board of Trustees (CBT) on a higher rate of return on the Employees Provident Fund balances by saying that it had advised the Labour Ministry to fix the interest at 9 per cent for ... More FOREIGN DIRECT INVESTMENT 
Govt to review FIPB functioning to attract FDITHE Government will review the functioning of the Foreign Investment Promotion Board (FIPB) in a bid to boost annual foreign direct investment (FDI) inflows to $10 billion. "As far as the FIPB is concerned, we are reconsidering this issue," the ... More EVENTS EXCON 2002 in Dec BANGALORE: The Confederation of Indian Industry is to organise EXCON 2002, the second international exhibition- cum-conference on `Construction Equipment and Technologies' between December 16 and 19, at Palace Grounds, Bangalore. The ... More
INCOME TAX BJP MPs to plead for tax sops NEW DELHI: BJP MPs will meet the Finance Minister, Mr Jaswant Singh, shortly to discuss the possible fiscal incentives, including tax sops to be provided to salaried middle class and pensioners, before the next 2003-04 Union Budget, ... More EXPORTS & IMPORTS `Focus LAC' sees 50 pc rise in exports to Latam markets THE Commerce Ministry's `Focus LAC', has led to greater awareness of the export potential in the Latin American markets for Indian merchandise. The additional thrust provided by the Government of India through `Focus LAC' had resulted in 50 ... More TOURISM ECONOMIC OFFENCES DCA issues notice to Xerox Modi THE Department of Company Affairs (DCA) has issued a notice to Xerox Modicorp, the Indian subsidiary of the US multinational, Xerox Corporation, to inspect its books of accounts. The department is planning to inspect the Indian subsidiary's ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back Jul. 7-Jul. 13 Nalco divestment: Strategic sale first, says Baijal Lockouts overtake strikes in West Bengal Selling blue-chip PSU stake — Ministry may opt for public offer route `Alarming' drop in leather garment exports CCD nod to offload PSU blue-chip stakes into AMC FDI inflows hit record high of $4.06 b: Maran |
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