The Hindu Business Line : Tuesday, May 06, 2003

Karnataka not keen on Reliance gas deal
THE Government of Karnataka is reported to be having reservations over any direct long-term purchase contracts for sourcing gas from Reliance Industries Ltd, say sources in State Government. The sources said here that RIL had sought a firm ... More

IBM chief meets Krishna; focus on expansion
THIS was one low profile visit of a high profile CEO. The IBM Chairman and the CEO, Mr Samuel J. Palmisano's meeting with the Karnataka Chief Minister, Mr S.M. Krishna, today was behind closed doors but talks were positive, said Government ... More

TRAI may direct Reliance, Tatas to rework tariffs
THE Telecom Regulatory Authority of India (TRAI) is likely to issue a directive to Reliance Infocomm and Tata Teleservcies Ltd (TTSL) to rework their limited mobility (WLL) tariff plans and to drop the subsidised STD call charges that they are ... More

RBI asks banks, FIs to adopt `fair practices code' by Aug
THE Reserve Bank of India has asked banks and financial institutions to put in place by August 1, 2003, a `fair practices code' to be followed in respect of all future advances. The code should be based on the guidelines issued by the RBI today. ... More

Congress lends hand to push Electricity Bill
THE Congress's majority in the Rajya Sabha ensured passage of the Electricity Bill 2001 on Monday in a charged atmosphere as a Left party member, Mr Jibon Ray, insisted on amendments to the Bill. The Opposition, the Congress as well as the ... More

RBI seeks SEBI probe into G-sec dealing by JM Mutual, 2 firms
THE Reserve Bank of India has asked the Securities and Exchange Board of India to probe certain transactions by JM Mutual Fund and two private investment companies in thinly-traded Government bonds sourced from urban co-operative banks (UCBs). ... More

VAT panel may meet Jaswant today
THE Chairman of the Empowered Committee of State Finance Ministers on Value-Added Tax (VAT), Dr Asim Dasgupta, is likely to meet the Finance Minister, Mr Jaswant Singh, on Tuesday to sort out certain contentious issues that may well derail the ... More

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