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Thursday, January 13, 2005

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Reddy moots capping FII inflows — But not in favour of the move at this stage
DR Y.V. REDDY, Governor, Reserve Bank of India, today called upon the Government to have an option to impose a ceiling on FII inflows or even taxing them. However, he later clarified that the RBI was not in favour of imposing such a ceiling at ... More

The surge and participatory notes
THE RBI Governor's concerns on foreign institutional investment (FII) flows have to be viewed in the context of recent gyrations in the country's equity markets. Two facets of FII flows in recent times stand out. One, there has been a surge in ... More

`No plan to tax inflows'
THE Union Finance Minister, Mr P. Chidambaram, on Wednesday said that there was no proposal to tax foreign institutional inflows, setting at rest fears over such a possibility in the wake of the comments made by the Reserve Bank of India ... More

What they say
THE RBI Governor, Dr Y.V. Reddy, suggested monitoring quality and quantity of FII inflows and selective ceilings for the same, probably through the taxation route. ``The announcement by the RBI Governor would play a part in determining future ... More

Sensex still in correction mode; sheds 120 points
THE bourses continued their trend of corrections for the third day this week. The day's trading, characterised by extreme intra-day volatility, ended with the indices closing at their lowest level since November 25, 2004. The Sensex shed over ... More

Restrictive clauses of Press Note 18 go
THE Government has done away with the restrictive provisions of Press Note 18 for all future joint ventures with foreign partners. In the new dispensation, effective from today, while existing joint ventures will continue to be protected by a ... More

New guidelines to facilitate increased FDI thru jt ventures
WITHIN a few hours of the Prime Minister, Dr Manmohan Singh, announcing the scrapping of the Press Note 18 provisions for all future joint ventures, the Government on Wednesday came out with a set of fresh guidelines for foreign collaborations. ... More

Press Note 18: A scorecard
THE high profile case of ICI of UK's attempt to acquire a 9.2 per cent stake in Asian Paints and press note no.18 may be interminably linked. Asian Paints refused to give a board resolution approving the share acquisition by ICI and the deal ... More

Infosys net climbs 51 pc in third quarter
INFOSYS Technologies reported a 51 per cent growth in its profits for the third quarter at Rs 497.34 crore, and a 49 per cent rise in revenues to Rs 1,875.61 crore, over the corresponding period in the previous year. With a strong interest in ... More

Govt to create knowledge commission: PM
THE Prime Minister, Dr Manmohan Singh on Wednesday declared the Government's decision to create a `knowledge commission', to "strengthen the roots and sinews of our capacity and capability-building, so that we are better prepared for the ... More

Levying MRP-based excise — Pharma industry warns of increase in prices
AN increase in the price of medicines is around the corner, if the Government goes through with its recent notification on levying excise duty on maximum retail price (MRP), caution pharma industry officials. Reacting to the recent note on ... More

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