The Hindu Business Line : Monday, November 18, 2002

Revenue shortfall put at Rs 13,000 cr — Jaswant begins talks on Kelkar proposals
THE Revenue Department has assessed a shortfall of around Rs 13,000 crore in tax receipts vis-a-vis the Budget estimates for the current fiscal, based on the trends in collection so far. Of this, around Rs 11,000 crore is the projected ... More

VSNL row to cost BSNL Rs 1,100 cr
WITH the Department of Telecommunications (DoT) dragging its feet on diverting the international traffic of Bharat Sanchar Nigam Ltd (BSNL) away from Videsh Sanchar Nigam Ltd (VSNL), the public sector behemoth is expected to notch up a revenue ... More

Banks may shift from tax havens abroad to SEZs
SOME public sector banks are examining the possibility of shifting their branches from the so-called overseas tax havens to the new special economic zones (SEZs) being set up in India. Bank of India is thinking of moving its Cayman Island and ... More

Ministry okays guarantee to IFCI for $100-m notes
THE Finance Ministry has approved a proposal to extend a guarantee to IFCI to enable it redeem its floating rate notes aggregating $ 100 million due later this month. This is the second guarantee which the Ministry has extended to the troubled ... More

Investments in unlisted instruments — PSU non-life insurers seek changes in valuation norm
HISTORY is imposing a heavy burden on the four public sector non-life insurance companies. Unable to meet the regulatory requirement of valuing their entire investment portfolio in unlisted and thinly-traded instruments at their `historic cost' ... More

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