The Hindu Business Line : Friday, May 06, 2005

Giving people a right to information
FIFTY years after the country gained Independence, India's citizens can confidently hope to secure access to information under the domain of public administration. The United Progressive Alliance Government took this first significant step by ... More

AI decision based on techno-economic study, says Patel
THE Minister for Civil Aviation, Mr Praful Patel, said that the decision of Air India (AI) to acquire new aircraft was based on the techno-economic parameters and not on geo-political considerations. "The Ministry gave no directives to the ... More

SEZ Bill proposes extended I-T sops
UNITS in the special economic zones (SEZs) are likely to gain financial benefit through an extended income tax concession proposed in the Special Economic Zones Bill 2005, which was approved by the Union Cabinet on Wednesday. Under the ... More

POLITICS

Left parties oppose lifting of voting rights cap
THE Left parties are all set to oppose the proposed Bill to lift the 10 per cent voting rights cap in private banks. "The move is not in the interest of the economy. We will oppose it in Parliament," senior CPI Leader Mr D. Raja said. He ... More

FINANCIAL POLICY

Govt to allow proportionate voting rights in banks
THE Union Cabinet on Thursday approved the introduction of a Bill to lift the 10 per cent voting rights cap in private sector banks. The Bill to amend the Banking Regulation Act, 1949, would make voting rights commensurate with economic ... More

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