Financial Daily from THE HINDU group of publications
Thursday, May 12, 2005

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SC allows Mumbai mills to go ahead with construction — `NTC mill land can be developed as per BIFR plan'
`The construction of buildings for residential purposes in the land would be at the risk of the owners and would be subject to the result of the writ petition pending in the High Court.' More

RBI working group calls for Warehouse Receipts Act
THE Reserve Bank of India's Working Group on Warehouse Receipts and Commodity Futures has recommended that a Warehouse Receipt Act be passed to make the instrument negotiable. A core group constituted by the Ministry of Consumer Affairs, Food ... More

CAG adopting double standards, says Shourie
FORMER Union Minister for Disinvestment Mr Arun Shourie has questioned the "standards" adopted by the Comptroller and Auditor-General while passing strictures. In an interview to The Hindu group of publications on Tuesday, Mr Shourie ... More

Chidambaram inaugurates e-payment facility for Central excise, service tax
THE Union Finance Minister, Mr P. Chidambaram, while inaugurating the e-payment facility for Central excise and service tax today, said the Government intends to hard sell the newly launched facility to get as many big corporate assessees on ... More

Bajaj Auto Q4 net rises 22 pc
BAJAJ Auto Ltd (BAL) on Wednesday reported a 22.30 per cent rise in net profit for the quarter ended March 31, 2005, to Rs 239.68 crore from the previous corresponding Rs 195.97 crore. Net sales/income from operations were up 28.31 per cent to Rs ... More

Cabinet clears Bill to amend labour laws
THE Union Cabinet today gave its nod for introduction of a Bill in Parliament for simplifying the forms of returns and registers prescribed under certain labour laws. The Bill would amend the Labour laws (exemption from furnishing returns and ... More

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