Financial Daily from THE HINDU group of publications
Sunday, December 22, 2002

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EYE ON THE MARKET


Uninteresting year for savers
THE year 2002 will be marked out as one in which savers were placed in a tighter spot than ever before. It will also be a watershed for the massive sums of money coughed up by the Government to bail-out the Unit Trust of India — a burden ... More

TAKING COUNT


Small savings: Cut on the anvil
Administered interest rates will now be benchmarked to the average annual yields of government securities of equivalent maturities in the secondary market... Such adjustments will henceforth be made annually on a non-discretionary automatic ... More

SIMPLE ECONOMICS


Why derivatives are cash-settled
THE SEBI Advisory Committee recently recommended that derivatives be delivery-based. At present, these contracts are cash-settled. The reason SEBI opted for cash-settlement in the first place is that price manipulation could be higher in a ... More

TAX TALK


Housing loans/salary — Deduction for loan interest
AN employee has taken a loan from certain individuals for constructing his house. If the employee gives the particulars of the interest he pays for the loans, can the employer take cognisance of the same in arriving at the tax that needs to be ... More

Taxing fares and honorarium
I WAS a visiting professor to an American university for three months, and was paid an honorarium for my lectures. In India, I work as a professor and receive a salary for the same. I wish to know whether the amount I received in the US is ... More

IN FOCUS


Why Indigo's success is vital for Tata
DOES the Indigo sedan, launched by Tata Engineering last week, herald the arrival of the company as a mature player in the passenger car industry? It may be too early to take a call on that; two models do not a mature car company make. But what ... More

FD WATCH


M&M Financial Services: An attractive deal
THE interest rates offered on the fixed deposit programme of Mahindra and Mahindra Financial Services are attractive, given the current decline in the interest rate levels. The company's financial performance in the past has been encouraging. ... More

FUND WATCH


Bonus units in ULIP 1971
THE Unit Trust of India (UTI) has announced a bonus in the ratio of 1:10 (One unit for every ten units held) on the Unit Linked Insurance Plan (ULIP 1971). The record date for this was December 19. A bonus of 1:10 had earlier been announced in ... More

COMMENT


Why IPOs attract
DESPITE several bitter experiences dating back to Morgan Stanley Growth Fund's debut in the Indian market, investors appear to have an irrational preference for investing in IPOs from mutual funds. Recent IPOs from mutual funds have collected ... More
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