Pvt airlines allowed to fly to Colombo UAE carrier to operate flights from Abu Dhabi
AT long last, passengers flying to Colombo and Abu Dhabi will soon have more airlines to choose from. The Government has finally given its nod, allowing private sector domestic airlines to start operations abroad. Official sources told ...
Rural wealth yet to be tapped, says Jaswant
SECTIONS of financial intermediaries have not tapped rural India, the treasure house of wealth in the country, according to the Finance Minister, Mr Jaswant Singh. "About 70-80 per cent of rural Indians are much greater savers than the urban ...
IPCL issue oversubscribed on opening day
THE Government disinvestment process today kicked off on optimistic note with the issue of Indian Petrochemicals Corporation Ltd (IPCL) being oversubscribed on the day of opening. According to the data available with the stock exchanges, the ...
BSES told to stop offering rebates
THE Maharashtra Electricity Regulatory Commission (MERC) on Friday asked BSES Ltd (now Reliance Energy) to stop giving rebates to customers and recover the discounts it may have already given. The regulator gave the order after rival Tata ...
FIIs can issue PNs to entities supervised by regulatory bodies
THE Securities and Exchange Board of India today clarified that foreign institutional investors (FIIs) can issue Participatory Notes (PNs) to entities that are regulated by either a central bank, securities commission or a stock ...
Cabinet clears DA merger proposal for Govt staff
THE Cabinet on Friday cleared the proposal to merge 50 per cent of the dearness allowance (DA) and dearness relief (DR) of the Central Government employees and pensioners with their basic pay and pension respectively. At present, DA is being paid ...
`IFCI merger with PNB may miss deadline'
THE merger of IFCI with Punjab National Bank (PNB) is heading for time overrun. With several legal intricacies waiting to be sorted out right from the initiation till the completion of the process, the Ministry of Finance now feels that the April ...
Ford plans `religious tourism project' in Bengal Vedic planetarium in Mayapur on cards
MR Alfred Brush Ford, great grandson of Henry Ford and Senior Trustee of Ford Motor Company Fund, today said a "religious tourism project" would be set up at Mayapur in Nadia district, 140 km from Kolkata. Mayapur houses the world-famous ISKCON ...
ITES jobs to grow 45 pc: Nasscom
THE IT-enabled sector has continued on its growth path in 2003-04 and is likely to employ over 2.45 lakh employees by the end of the current financial year. The headcount is expected to go up by about 75,000 from 1.71 lakh last year. The ...
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