Financial Daily from THE HINDU group of publications
Thursday, July 07, 2005

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Advance tax payment of top taxpayers to be `monitored'
Sources said the idea behind "monitoring" was not to "harass" the taxpayers. More

No stake for foreign airlines in domestic carriers: Govt
Policy to specify norms for ground handling

DESPITE pressures for a re-think, the Government is firm in its resolve of not allowing foreign airlines to pick up a stake in domestic airlines. Official sources told Business Line that the new civil aviation policy, to be announced by ... More

Pvt bank stocks shine; Sensex soars
PRIVATE bank stocks had a field day at the bourses on Wednesday with strong speculation that big investors are seeking to invest in them. Share price of Karnataka Bank was locked at the upper circuit on Wednesday, while those of South Indian ... More

IA launches `Easy Fares' scheme
THE days of booking in advance to fly at lower fares on Indian Airlines are over. Now, a passenger can walk into the airport and fly with the State-owned airline on the `Easy Fares' scheme that offer discounts of up to 60 per cent on 85 sectors ... More

`Private oil cos may be asked to bear part of subsidy burden'
THE Petroleum Ministry is likely to ask private oil companies and standalone refineries to bear a portion of the burden on subsidised retail fuel prices. The Ministry proposes to ask private and other oil companies to pay about Rs 1,500 crore, ... More

RBI sets up dept to track financial markets
THE Reserve Bank of India has decided to closely track the financial markets. Towards this, the RBI today set up a separate department called Financial Markets Department (FMD). The FMD will be under Dr Rakesh Mohan, who took over as Deputy ... More

Infosys places Rs 4,600-cr cover with NIC
The plan comprises a business interruption cover and a group medical cover for an estimated 24,000 families. More

AGM & `problem' shareholders — CESC's way of keeping them at safe distance
HOW to avoid facing `problem shareholders' during AGMs? CESC Ltd, the flagship company of the Rs 8,460-crore RPG Group, has found a way to keep them at a distance. The company is holding its 37th annual general meeting on the same day that ITC ... More

Govt opens up lignite blocks for captive power production
IN A major policy shift, the Government has decided to allot lignite blocks to private sector companies for captive power production. Till now, only coal blocks were allotted to private parties for captive power production. Lignite blocks would ... More

IMD stands by normal monsoon forecast, sees 97 pc rainfall in July
Various models suggest that the monsoon trough is in tact and in its normal position. More

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