The Hindu Business Line : Sunday, November 03, 2002

Market-linked insurance plans: Premium option
BESIDES ICICI Prudential's Life Time policy, the other market-linked insurance plans available are Life Link, also offered by ICICI Prudential, and LIC's Bima Plus. Life Link is aimed at those who wish to opt for a single premium. In terms of ... More

REC capital gains bonds: Powerful, but...
REC's capital gains bonds, which eligible for tax benefits under Section 54EC, are on tap now. Apart from REC, SIDBI, Nabard, NHAI and NHB have also issued such bonds, and are open for investment now. As for the interest rates, they differ by 25 ... More

ANTI-DUMPING

Use of anti-dumping measures declines — China `dumps' the most, while India probes the most
THE World Trade Organisation (WTO), in its semi-annual report, has noted a decline in anti-dumping investigations in the first half of the current calendar. The WTO Secretariat has reported that in the January 1 to June 30 period, 17 members ... More

ECONOMY

Bank credit up Rs 422 crore
BANK credit has risen by Rs 422 crore to touch Rs 6,73,533 crore for the fortnight ended October 18. This is inclusive of food credit, which declined by Rs 521 crore and non-food credit, which went up by Rs 943 crore. Total accommodation ... More

ENVIRONMENT

Climate change meet merely a sniffle
"HOW may more COP (Conference of Parties) meetings would it take for some action?" implored the Maldivian Minister, at the wrap-up session of the UN's conference on climate change, chaired by Union Environment Minister, Mr T.R. Baalu. A ... More

PETROLEUM

Reliance gas and Indian energy
THE discovery by Reliance Industries of a huge gas field in the deep-waters of the Krishna-Godavari basin opens up tremendous possibilities for natural gas as a fuel in India. To be sure, it is early days yet. What we have now is just the ... More

Norms for setting up petro product pipelines to be eased
THE Government is set to deregulate the business of setting up petro-product pipelines. The only major caveat would be that the company, which is setting up the pipeline should set aside 25 per cent spare capacity for potential users in the ... More

STEEL

Signs of revival in domestic refractory industry
THERE are signs of revival in the the domestic refractory industry that had been going through difficult times for the past three to four years. This is partly due to an easing of the cash flow problems of the steel industry, which accounts ... More

PAINTS

Paints: Shades of pink
THE punchline of Jenson and Nicholson's advertisement is: "Whenever you see colour, think of us." While one might not see all pink looking at the overall health of the industry, the performance of the leading players does suggest that the ... More

Getting FMCG hues
THE shade card is passé. A few years ago, if one decided to get the house painted and was confused about the shade that would adorn the walls, the only recourse was the ubiquitous painter, who would promptly pull out a shade card of one of the ... More

`Premium exterior paints growing at 20-25%' — Mr H. M. Bharuka, Managing Director, Goodlass Nerolac
Goodlass Nerolac is the market leader in industrial paints and the second largest player in the industry. In an interview to Business Line, Mr. H. M. Bharuka, Managing Director, Goodlass Nerolac, talks about the current state of the paints ... More

Foreign strokes
A LOOK at the value of import and export of paints over the past six years reveals that they constitute a minuscule proportion of the total domestic market. In 1996, for instance, imports, as a percentage of market size (that includes exports) ... More

Knowing their colours
A LOOK at the performance of the stocks of paints majors reveals that all of them, barring one, have posted returns in excess of 25 per cent for the investor. In the same time frame, the BSE Sensex rose a marginal 1.7 per cent. Trading is ... More

SMALL SAVINGS

NSS 1992 discontinued
THE choice of tax savings instruments has further reduced with the Central Government discontinuing the National Savings Scheme 1992 with effect from November 1. The scheme offered a 20 per cent income-tax rebate and an annual interest of 8.5 per ... More

EVENTS

Dubai trade centre to host Fund-Bank meet
THE Dubai World Trade Centre (DWTC), which has hosted many successful global exhibitions for over two decades, is now getting all set to host the ensuing meet of the International Monetary Fund (IMF) and the World Bank scheduled for September ... More

INCOME TAX

Kelkar banishes exemption raj — Moots 2-slab I-T for individuals, lower rate for companies
DR Vijay Kelkar's much-awaited big-bang direct tax reforms package delivers a mixed bag for the country's two-crore tax-payers and India Inc and a body blow to tax professionals. In its report submitted on Diwali eve, the Task Force on Direct ... More

Dividend income/PF/Set-off: Treated as `business income'
IF an employee dies, and his nominees receive the accumulated balance in the PF account, will the same be exempt in the hands of such nominees? Also, an employee after retirement is engaged as a retainer by his former employer. If the employer ... More

Set-off, carry forward, asset status
FOR the assessment years 2002-2003 and 2003-04, kindly explain the provisions relating to set-off and carry forward, and set-off of losses under the head `capital gains'? Where on the death of the father, the assessee gets the shares under a ... More

Kelkar panel wants all tax support services outsourced
The network will facilitate transactions, akin to the securities market and establish secure logistics of tax collection through integration of primary information, record keeping, dissemination and retrieval. More

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