The Hindu Business Line : Saturday, March 09, 2002

Rs 2,000-cr investment norm set -- Petro marketing thrown open to private sector
AFTER a span of 26 years, the Government has finally opened the gates for more players, including private sector companies, to market petrol and diesel across the country. The announcement of the opening up of marketing rights marks an end to ... More

LPG prices to be rolled back?
NEW DELHI: THE Government is reviewing the possibility of a roll back of the hike in the price of LPG to Rs 40 per cylinder. Mr Ram Naik said: "The Prime Minister is open to discussing such issues. He will certainly look into it. A final ... More

SBI kisan card turns FMCG golden goose
HERE is a "golden'' opportunity for white goods manufactures to tap the rural market. They can take a cue from State Bank of India, which has found to its surprise that most farmers are using its recently-launched Kisan Gold Card scheme for ... More

Urea policy for Group of Ministers
THE Centre has decided to refer the formulation of policy parameters and norms for determining the retention prices of individual urea plants for the Seventh and Eight Pricing periods to a Group of Ministers headed by the Deputy Chairman of the ... More

India Inc on backfoot
INDIA Inc continued its dividend cancellation spree on Friday, with major groups such as the Tatas, the Birlas, the Mahindras and the Bajajs announcing `revocation' of interim dividend for the current fiscal. Dr Reddy's Laboratories Ltd also ... More

Can board revoke payout decisions?
THE Finance Ministry may not be on such a safe wicket with regard to the contention that a board decision on interim dividend does not put a seal of finality to the company's obligation to its shareholders. The Supreme Court's decision in the ... More

Kerala to levy entry tax
THE Kerala Budget for 2002-03, presented today, does not contain any major tax proposals, except for a moderate dose of entry tax on an assortment of goods and changes in the tax structure for petroleum products. The Budget proposes an ... More

Buy Indian Act for steel sector on anvil
IN line with the Finance Minister's Budget announcement to help the Indian steel industry overcome the recession, the Ministry of Steel has decided to go ahead with the proposed `Buy Indian Act'. The proposed new Act is in line with an existing ... More