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Wednesday, February 09, 2005

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Legislation on special economic zones — Commerce Ministry optimistic GoM will resolve differences
The 20-year I-T benefit on SEZs by way of legislation would not allow the revenue department to tinker with this in later years, sources said. More

Govt studying SBI Act change for takeovers, mergers
THE Government is considering amending the SBI Act and the SBI (Subsidiary Banks) Act to allow the State Bank group take over public sector banks, other banking companies and regional rural banks (RRBs). The amendments under consideration would ... More

Licence violation claims baseless: Reliance Info
RELIANCE Infocomm on Tuesday said that the Government's security concerns arising out of improper caller line identification (CLI) was a `bogey" since more than 40 per cent of international long distance calls do not have the correct CLI. ... More

TRAI will intervene to cut leased line costs: Baijal
THE Telecom Regulatory Authority of India can intervene to bring down domestic and international leased circuit prices in the country, said Mr Pradip Baijal, Chairman, TRAI. "We are in the process of intervening and will bring out an order in ... More

DoT plans to impose penalty on operators for routing illegal calls
THE Department of Telecom (DoT) is mulling imposition of a penalty on service providers, including Bharti Tele-Ventures, whose network was found to be used for carrying traffic through illegal channels. The vigilance department is examining the ... More

`Salaried Indians get up to 14.3 pc hike'
INDIANS working in multinational companies, joint ventures and locally-owned companies have received salary hikes of up to 14.3 per cent between July 2004 and January this year. As usual, employees working for IT companies were the biggest ... More

VAT: Proposed tax rate on tea will be 4%
THE proposed tax rate on tea in the value added tax (VAT) regime, which is expected to take effect from April 1, will be only 4 per cent and not 12.5 per cent as decided earlier, said Dr Asim Dasgupta, West Bengal Finance Minister. He was ... More

US graduates India out of aid budget
THE Bush administration has said that India has been "graduated out" of American economic assistance but only with the "understanding and agreement" of New Delhi. "We are graduating India. That is with the understanding and agreement of the ... More

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