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Thursday, November 18, 2004

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States told to cut ST on petro products — Chidambaram's call to contain crude oil-induced inflationary pressures
THE Finance Minister, Mr P. Chidambaram, today backed the Petroleum Minister, Mr Mani Shankar Aiyar's view that State Governments should lend a helping hand in controlling inflation by lowering sales tax on petroleum products. "States must take ... More

'No decision yet on using forex kitty to develop infrastructure'
STEERING clear of the debate over the proposal to use the rising foreign exchange reserves for infrastructure development, the Finance Minister, said that he was "carefully watching" the debate before firming up his views. "I am carefully ... More

Sensex ends over 6,000-mark on sustained buying
AFTER several days of flirting with the sentimental 6,000-level, the Sensex closed strong on Wednesday at 6016.58. This is the first time since February 2004 that the benchmark index has closed above the 6000-level. Analysts say the bourses ... More

CMP comes in for praise from Wolfensohn
WHEN one thinks of globalisation, the thought of India and China comes to the mind first, according to the President of the World Bank Group, Mr James D. Wolfensohn. Talking to newspersons here on Wednesday, Mr Wolfensohn said that the Common ... More

Export growth slows in October
THE country's exports have crossed the $40- billion mark during the first seven months (April-October) of current financial year, even as the export growth in October was pegged at 9.49 per cent, as against the annual target of 16 per cent. ... More

Mutual funds feel interest rate tremors — Fall in assets under management
MUTUAL fund houses are feeling the pinch of the rising interest rates with money moving out of fund houses to more lucrative bank deposits and for credit repayments. The Association of Mutual Funds in India reported total assets under ... More

TNEB dues: PPN's 2 US partners go for arbitration
Majority shareholders vote against the decision

TWO US power companies with a joint 46 per cent equity in PPN Power Generating Co Ltd have gone to an international arbitrator over non-payment of dues and arrears by the Tamil Nadu Electricity Board, a decision which has not found favour with ... More




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