Govt may allow bidding for coal mining blocks
THE Centre is actively mulling the possibility of allotting captive coal mining blocks on a competitive basis after earmarking coal blocks for the public sector behemoth Coal India Ltd. The blocks will be awarded to the bidder quoting the highest ...
Settlement of 400 tax arrears cases to be expedited
THE Government has assured the Standing Committee on Finance that it would try to speed up settlement of those 400 cases in which 78 per cent of the accumulated direct tax arrears of Rs 88,000 crore are locked up. An analysis of the ...
Mixed response to strike AIMTC rebuts Govt claims
THE All India Motor Transport Congress (AIMTC) has rebutted the Government's claim that service tax is levied on transport booking agents alone. In a statement issued here on Saturday, the AIMTC said, "the Government's contention is not ...
Sun Pharma in patent infringement case
DESPITE the patent-challenge strategy for the US generic drugs market being fraught with litigation, Indian drug companies do not seem to have entirely given up this option. The most recent example is Mumbai-based Sun Pharma whose recent ...
The sum & substance of personal loans
THE number of personal loan accounts with scheduled commercial banks (SCBs) in India went up by almost 50 per cent between March 1997 and March 2002, as per CMIE data. Personal loans outstanding, however, went up by more than 130 per cent. The ...
Top priority to taming inflation, says PM
THE Congress-led UPA Government's "highest priority" was higher economic growth and enhanced investment with price stability, the Prime Minister, Dr Manmohan Singh, declared here on Saturday. Speaking at the day-long meeting of the All India ...
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