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Thursday, July 01, 2004

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GDP surges 8.2 pc on all-round growth
IF there is one thing the ruling United Progressive Alliance (UPA) Government cannot complain about unlike most previous regimes, it is with regard to having inherited an economy on a low growth trajectory. According to the `revised ... More

Centre clears IDBI's conversion to bank
The new entity would be the only scheduled bank in the country that would be required to maintain its DFI characterestic. More

Decision on EPF interest rate deferred
THE Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) chaired by the Union Labour Minister, Mr Sis Ram Ola, has deferred its decision on the interest rate payable to three crore subscribers of employees ... More

Dabhol lenders nearing accord
INDIAN lenders to the Dabhol Power Company are likely to buy out foreign loans of about $310 million at a discount of about 35 per cent. DPC's lenders met here on Tuesday to negotiate a settlement that may ultimately help restart the 2184 MW, ... More

Flaunt your ticket with pride, says Railways — Steep hike in penalties
AFTER the coercive campaigns to check ticket-less travel did not produce the desired result, the Railways has realised that showing a man in handcuffs may not be the best way to ensure that people buy a proper ticket when they board the ... More

Mallya, Chhabria close to ending legal battle
THE UB group Chairman, Mr Vijay Mallya, and the Jumbo group Chairperson, Ms Vidya Manohar Chhabria, are engaged in direct talks to settle the longest-running corporate rivalry in the Indian liquor industry that pertains to the acquisition of Shaw ... More

Left parties warn Govt on Budget
THE Left parties on Wednesday warned the Government that the lack of "pro-poor and pro-farmer" policies in the forthcoming Union Budget would erode the support base of the Congress-led United Progressive Alliance (UPA) Government. Cautioning ... More

DoT favours licence fee reduction
THE Department of Telecom is in favour of reducing the licence fee for telecom services providers from an average of 10 per cent to a level that would cover only the administrative and regulatory costs. The proposal, made to the Finance ... More

SCI net rides wave of freight boom — Touches all-time high of Rs 626 crore
DOMESTIC shipping companies have reaped the maximum benefits from the the freight market boom last fiscal, but what state-owned Shipping Corporation of India (SCI) achieved could well be a landmark in the company's history. Notching up a 128 ... More




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