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Friday, March 25, 2005

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21 States agree to shift to VAT regime from April 1
THE transition to the State-level value-added tax (VAT) is on, with 21 States today firmly committing themselves to march into the new tax regime from April 1.The five BJP-ruled States — Gujarat, Rajasthan, Madhya Pradesh, Jharkhand and ... More

`Corporates not quite ready for VAT'
THOUGH stock markets are looking to successful implementation of VAT as a trigger, management consultants believe that implementation difficulties of the new tax will take 6-12 months to be ironed out. Investment managers, especially foreign ... More

Cabinet defers Bharat II diesel norms in 7 States till Oct 1
THE Union Cabinet on Thursday deferred implementing Bharat Stage II diesel fuel norm across seven States by six months. This means Uttar Pradesh, Rajasthan, Uttaranchal, Madhya Pradesh, Punjab, Himachal Pradesh and Jammu & Kashmir will ... More

Obscene clips: I&B Ministry issues show-cause notice to India TV
THE Information and Broadcasting Ministry has slapped a show-cause notice on India TV seeking an explanation on whether the episode featuring Bihar MPs allegedly caught in sexual antics violated the Programme Code or not. According to ... More

Tata Steel to hike prices for long-term contracts
TATA Steel would be increasing the price of steel for long-term contracts by 20 per cent from April, Mr B. Muthuraman, Managing Director, said on the sidelines of the company's EGM here today. This would translate into a price rise of roughly ... More

Going up the ladder after `hard' Indian stint
AN Indian posting is increasingly proving to be the global launch pad for executives in the senior and middle management of multinational companies. The recent months have seen a number of top moves by heads of MNCs operating in India across ... More

Mergers will create jobs: Chidambaram
THE Finance Minister, Mr P. Chidambaram, on Thursday urged bank employees to shun their fears over mergers and said consolidation among banks would create more jobs. "The fear of job loss is not justified. On the contrary, jobs will be ... More

Experts see more FDI inflows in realty sector
THE liberalised foreign direct investment (FDI) norms combined with rapid economic activity is expected to galvanise the realty sector, with leading global consultants such as KPMG and CB Richard Ellis foreseeing massive investments flowing in ... More

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