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Sunday, March 06, 2005

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Chidambaram allays fears over new depreciation rates
THE Finance Minister, Mr P. Chidambaram, has rejected industry's demand for a re-look at the proposed depreciation rates, stating that the new rates would not be to its detriment. "There is nothing to fear about depreciation. We are satisfied ... More

Forex reserves up $2.7 b
THE country's foreign exchange reserves moved up by $2.699 billion during the week ended February 25, taking the total reserves to an all-time high of $135.658 billion from $132.959 billion in the previous week, as per the latest RBI ... More

Pension plan limit stays at Rs 10,000
IT may not yet be time to uncork the bubbly for prospective pension plan investors and insurance companies that offer such plans. The Budget fine print reveals that the investment limit in pension plans offered by insurance companies is ... More

Go by rule book while crediting funds from abroad, RBI tells banks
THE Reserve Bank of India has advised banks to strictly adhere to the guidelines under the Foreign Contribution (Regulation) Act while crediting funds from abroad by way of contributions to their account holders. The RBI has issued a master ... More

Cabinet clears Rs 22,000 cr for NHDP project
THE Cabinet on Saturday approved the 4,000-kilometre-long National Highways Development Project (NHDP) Phase-III A. The project will cost Rs 22,000 crore and is to be built under the build, operate and transfer scheme. The Union Road and ... More

TRAI tells operators to stop offering mobility on fixed WLL
THE mobility on your fixed wireless phones may now be restricted to within your house. The Telecom Regulatory Authority of India (TRAI) has sent a notice to all basic operators to immediately stop offering mobility on fixed wireless terminals or ... More

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