The Hindu Business Line : Saturday, March 30, 2002

Annuities market thrown open to private insurers -- LIC loses exclusive preserve
IN a move that would facilitate future reforms in the pension market, the Government has permitted private insurance companies to provide annuities to beneficiaries of approved superannuation funds run by corporates. Corporates which run such ... More

Plans likely to bring all ports under one regulator
IN a bid to check the emergence of private monopoly in port service, the Surface Transport Ministry is mulling the idea of bringing all the ports in the country — major, minor and intermediates — under one regulator. The move could ... More

Clearance for exports to Nepal, Bangladesh via land customs
THE Central Board of Excise and Customs (CBEC) has now decided to allow movement of export cargo from inland container depots (ICDs)/container freight stations (CFSs) to Nepal and Bangladesh through land customs stations (LCSs). The customs ... More

Ministry clears sops package for SEZ units
THE Finance Ministry has given its consent to extending a host of sops to special economic zones (SEZs) including service tax exemption and income-tax breaks. Any service rendered within the zone or to the developer will be exempt from the ... More

Ministry for review of licensing scheme for petro products
THE Finance Ministry has sought a review of the terms of the advance licensing scheme for petro-products in order to curtail the revenue outgo under this scheme which is estimated at a hefty Rs 1,000 crore for the current fiscal. A review of ... More

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