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Sunday, May 29, 2005

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EPF board recommends 9.5 pc interest for 2004-05 — To dip into special reserves to cover deficit
THE Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) on Saturday recommended 9.5 per cent final interest rate payable on provident fund accumulations for fiscal 2004-05. The final rate is one percentage point ... More

DEPB rates slashed for many product groups
THE Government has slashed the duty entitlement passbook rates on a host of items in groups such as engineering products, chemicals, plastics, electronic goods, leather and leather products, sports goods and fish and fish products. Official ... More

`Spice' trades refuse to fade
TRADERS jacked up the price of SPIcE, the exchange-traded fund floated by Prudential ICICI, by another 20 per cent on Friday too. If such trades confound you, then there is more. These seemingly irrational trades are not restricted to the ... More

RBI plans norms for outsourcing banking activities
THE Reserve Bank of India may issue regulatory guidelines for outsourcing of banking activities. The bank is now working with the Indian Banks' Association in this regard, said Ms Shyamala Gopinath, Deputy Governor, RBI, here on Saturday. Ms ... More

HPL promoters still to agree on Basell acquisition, stake sale to TCG
THE two principal promoters of Haldia Petrochemicals Ltd (HPL), the West Bengal Government and The Chatterjee Group (TCG), failed to agree on two important issues on Saturday. First, the board could not decide whether HPL should participate in ... More

BSE eyes commodities exchange business
THE Bombay Stock Exchange is planning a foray into commodities trading exchange business. The BSE, Asia's oldest stock exchange, has planned two options to venture into commodities trading exchange. "One of the options being weighed is to ... More


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