The Hindu Business Line : Sunday, January 26, 2003

Pension plans — For security after retirement
ACCESS to better facilities and improved healthcare has increased the average lifespan in India, and as a result more people feel the need to prepare for a comfortable old age. This need has been further magnified by the escalating healthcare ... More

Tata AIG's 21 Money Saver Plan
THIS week we will look at Tata AIG's 21 Money Saver Plan — a money back policy, which is a savings instrument that also allows the policyholder to periodically withdraw cash. The policyholder also gets life ... More

PNB Housing: A safe dwelling
THE fixed deposit programme of PNB Housing Finance is a good investment option. Interest rates on one-year deposits are higher than that offered by other leading housing finance companies such as HDFC, Sundaram Home and Can Fin Homes. Investment ... More

Nabard Capital Gains Bonds rate drops

ECONOMY

Banks, steel `steal' show
A SHARP spurt in the earnings performance of banks, steel companies and select auto sector companies have led to a 59 per cent rise in post-tax earnings for India Inc in the October-December 2002 quarter. This covers 500 major companies, which ... More

Bank credit up by Rs 2,706 cr
BANK credit has increased by Rs 2,706 crore to touch Rs 6,91,640 crore for the fortnight ended January 10, 2003. This is inclusive of food credit that went down by Rs 1,805 crore and non-food credit that went up by Rs 4,510 crore. Loans and ... More

Slowdown has not impacted IT sector: Kalam
THE President, Dr A.P.J. Abdul Kalam, today said that Indian IT industry has not been impacted "drastically" by the economic slowdown in the West and its healthy growth is a good sign. Addressing the nation on the eve of the 53rd Republic Day, ... More

FOREIGN TRADE

Duty sops offered for Bangladesh goodies
AFTER Nepal, Bangladesh could emerge as the next manufacturing haven for Indian corporates with the Government offering import duty concessions on a range of FMCG items sourced from that country under the SAARC Preferential Trading Arrangement ... More

STEEL

Revival package for steel industry — The catch is in the interest rate
THE much-awaited revival package for the domestic steel industry is finally taking shape. Much to the relief of the beleaguered steel manufacturers, the recently announced package offers companies a reduced interest rate structure, in addition to ... More

TEXTILES

Sisspa unhappy
THE South India Small Spinners Association (Sisspa) is aggrieved that the reduction in the hank yarn packing obligation (HYPO) level announced by the Textile Ministry was below their expectation. As against the demand to bring down by half the ... More

INCOME TAX

Home Loans/Superannuation/LTC — Interest related benefits
A PART of a house as per the approved plan was constructed and completed with the help of a loan. An enhancement of loan has now been obtained and the incomplete portion of the house, as per the approved plan, has now been completed. The house is ... More

Handling capital gains and losses
IN the years 2000-01 and 2001-02 there are short-term capital losses to be carried forward to the subsequent years. In the previous year 2002-03 if there is a short-term capital gain, can the brought forward capital loss be set off and no tax be ... More

EXPORTS & IMPORTS

Work with State Govts, Shourie tells exporters
THE Commerce and Industry Minister, Mr Arun Shourie, today called upon the exporters to "work with your State Governments" in the export effort. At an open house meeting with exporters, organised here by the Federation of Indian Export ... More

Export targets may be raised: DGFT
WITH signs of resurgence in Indian exports, the Centre would be compelled to revise the export target upwards for the current fiscal, said Mr Lalit Mansingh, Director-General of Foreign Trade. Under the 2002-07 Exim Policy, the goal was to ... More

States want duty rationalisation
THE southern States have urged the Union Commerce and Industry Minister, Mr Arun Shourie, to consider rationalisation of taxes and duties in a bid to improve their export performance. The requests ranged from service exports to be considered ... More

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