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Wednesday, February 02, 2005

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Funding of social, infrastructure sectors — Left favours deficit financing
MAKING out a case for deficit financing for increased expenditure on social and infrastructure sectors, the Left parties today urged the Finance Minister, Mr P. Chidambaram, to reintroduce the earlier structure of capital gains tax and to ... More

Nepal emergency: Indian cos to wait and watch
INDIAN companies that have invested in Nepal appear to have adopted a wait-and-watch policy after King Gyanendra declared a state of emergency earlier on Tuesday, after suspending the elected Government. Indian carriers including Indian ... More

Sharp spurt in FII inflows
THE foreign institutional investor (FII) inflows have again spurted in the last three trading sessions. The official figures released by the Securities and Exchange Board of India (SEBI) on FIIs transactions show huge net investment both in ... More

ITC excise case: India Inc urges Govt to review Ordinance
CRITICISING the Government's move of taking the ordinance route to recover Rs 450 crore from ITC, industry today urged the Government to review the Ordinance. Terming the event unfortunate, the CII President, Mr Sunil Kant Munjal, said that ... More

Subsidy: Urea units plan output cut
DOMESTIC urea manufacturers are contemplating reducing production. This is because of the Centre's apparent reluctance to take on additional burden in the form of fertiliser subsidy during the current financial year. In a communication to the ... More

Fiscal deficit drops in April-Dec
THERE seems to be some improvement in the Centre's finances, with the fiscal deficit during April-December 2004, at Rs 90,239 crore, being lower than the Rs 92,435-crore figure for the corresponding three quarters of 2003-04. According to the ... More

Corporates mull strategies to hedge forex risks
CORPORATE India seems to have started watching the changes in the forex market. Even though the panic buttons have not yet been pressed, companies have started looking at various strategies to keep their bottomlines intact. The dollar ... More

4-day Sensex rally halts
A FOUR-DAY rally was snapped on Tuesday's trading as the Sensex ended in negative territory, losing 3.47 points (or 0.05 per cent) to close at 6,552.47 points. The S&P CNX Nifty, however, ended with a gain of 2.25 points (or 0.11 per cent) to ... More

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