The Hindu Business Line : Thursday, March 03, 2005

Anomalies in fringe benefit tax will be removed: Govt
THE Finance Minister, Mr P. Chidambaram, today assured that the Government had no intention to levy the proposed Fringe Benefit Tax (FBT) for any legitimate business expenses such as business communication, knowledge enhancement, and sales ... More

`Rules on fringe benefit to leave little room for discretion'
THE Finance Ministry on Wednesday said that the guidelines for the implementation of the proposed fringe benefit tax would be "practicable" so as to leave little room for discretion at the hands of the income-tax assessing officers. The ... More

AI Express may also fly on domestic routes
AIR India Express, the low-cost arm of Air India, could also start operating in the domestic skies. The AI management is looking at the option of AI Express doing the domestic leg of its operations that are at present carried out by Indian ... More

European textile majors gung-ho on India
EVEN as the US remains the top destination for Indian textile exports, European investors — led by the Italians and the Germans — are emerging as big investors in India's booming textiles sector. While Italian fashion garment ... More

Big block deal in ONGC shares valued at Rs 745 cr
A BLOCK deal of around 86 lakh shares of ONGC valued at around Rs 745 crore was struck on the BSE today. According to sources, a group company of Reliance Communications India Ltd, Smart Solutions, was the seller, and the buyers were several ... More

.in domain latest victim of cybersquatting
THE domain name rbi.in belongs to registrant Caliberplus Inc in the US, while nse.in has been registered by one Nadir Sen Emarad, also in the US. Even indian.in has not been spared! A search on the .in domain name registry site (More

What's so BAD about the cash withdrawal tax?
CAUGHT between a mandate "to introduce special schemes to unearth black money and assets" and the fear of "giving undeserved relief or an amnesty", Chidambaram has brought in a tax on cash withdrawal. News reports suggest that the Minister is ... More