The Hindu Business Line : Sunday, December 01, 2002

Term assurance policy: A plain cover
A COMPLAINT frequently voiced by the insurance industry is that people think of policies only when some tax planning has to be done. The industry may have to live with this phenomenon because few investment avenues match an insurance policy's tax ... More

Computation of bonuses
BONUSES form an integral part of all insurance policies. If one were to consider the possibility of investing in a savings-oriented policy, such as an endowment plan or a money-back plan — considered more as investment vehicles rather than ... More

HSBC Income Plan: Unattractive
INVESTORS need not participate in the initial offer from HSBC Income Fund for the following reasons: Firstly, government and corporate bonds have risen sharply since 2001. According to the JP Morgan India Government Bond Index, short-term bonds ... More

HSBC Equity Fund: Unattractive
HSBC Equity Fund is a plain vanilla product — an open end, diversified equity fund which plans to invest with a focus on large and mid-sized companies. The fund is charging an initial entry load of 2 per cent, which will be appropriated ... More

AUTOMOBILES

Automobile industry: Vrooming ahead
THE passenger car segment's growth expectation for this year has changed from one of resignation — a slow 3-4 per cent growth — to a more optimistic 9-10 per cent growth. The change in sentiment has come after the pre-festive season ... More

ECONOMY

Bank credit up Rs 1,364 cr
BANK credit increased by Rs 1,364 crore for the fortnight ended November 15, 2002 to touch Rs 6,81,248 crore. This is inclusive of both, food credit which declined by Rs 1,209 crore during the fortnight and non-food credit which increased by ... More

ENGINEERING

Case for DEPB continuance for entire Exim Policy period
THE Engineering Export Promotion Council (EEPC) has sought continuance of the Duty Entitlement Pass Book (DEPB) Scheme for the whole duration of the current policy, that is, 2002-07. A mid-term withdrawal of the scheme, according to the ... More

PETROLEUM

Petrol, diesel prices slashed
PETROL and diesel prices have been slashed by around 60 paise per litre, effective midnight November 30/December 1, 2002 across the four metros. According to oil marketing companies, the decrease in prices is the result of a fall in ... More

PHARMACEUTICALS

`Overseas markets will account for 30% turnover in 2 years'
Sun Pharmaceutical Industries has frequently used mergers and buy-outs to expand its presence in the domestic market. A few years ago, the company appeared to mimic the strategy being followed in the US market, by taking a large equity stake ... More

Pharmaceuticals — Health is not necessarily wealth
AN ANOMALOUS situation has emerged in the stock market valuation of pharmaceutical companies. Even as top Indian pharma companies have successfully built a structure that should significantly increase sales and profit, the stock market has ... More

Generics and contra-indications
THE global generic market is heterogeneous. Loosely, the market may be demarcated based on the way the patent laws are imposed. Many countries in Asia and Africa have weak patent laws and are, therefore, easy targets for a number of Indian ... More

POWER

`Almatti height may hit AP power generation'
RAISING of the Almatti reservoir level in Karnataka may reduce power generation at Srisailam and Nagarjunasagar power houses in Andhra Pradesh by 1,000 million units per year, according to SNC Lavalin, international consultants, which conducted ... More

INDUSTRY ASSOCIATIONS

UPASI wants Govt help to overcome plantation woes
THE United Planters' Association of Southern India (UPASI) has appealed for substantial relief measures in the forthcoming Union Budget to mitigate the adverse effect of a synchronous crisis plaguing all the major plantation crops in the southern ... More

FICCI seeks land for mega entertainment plaza in Bengal
THE Federation of Indian Chambers of Commerce & Industry (FICCI) has requested the West Bengal Government to provide land where an entertainment plaza - comprising multiplexes, a film studio and a film laboratory - would be set up. The ... More

INCOME TAX

Capital gains tax — Time limits for saving tax
I SOLD my house in Chennai in June. To avoid capital gains tax, I am planning to buy another one in Bangalore. Kindly let me know the following:

The time limit for purchasing a flat or house, which has already been constructed?

The ... More

Exemption on sale of house
I PROPOSE to sell my house, which was constructed by getting a loan from a financial institution. Out of the sale proceeds, I propose to pay back Rs 2 lakh. Can a tax exemption be claimed in respect of his repayment of housing loan? If I invest ... More

EXPORTS & IMPORTS

Govt to set up warehouses across the globe
TO promote the needs of exporters who do business in a small way, the Government of India is planning to set up warehouses across the globe. The countries that have been identified for the setting up of these warehouses include the US, some ... More

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