Financial Daily from THE HINDU group of publications
Saturday, November 22, 2003
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Govt committed to 74 pc FDI in pvt sector banks — PSU banks advised to pay interim dividend
REITERATING its commitment to allow minimum 74 per cent foreign direct investment (FDI) in private banks, the Ministry of Finance on Friday said that it would soon come out with a notification that would remove the clouds over the overall ... More

Payments in foreign exchange — Tax exemption on travel-related services restored
THE Centre has restored service tax exemption on certain services for which payments are received in India in convertible foreign exchange. Services such as those provided by a tour operator to anyone in relation to a tour, or to a customer by ... More

Oct infrastructure industries growth drops to 3 pc
THE six `core' infrastructure industries have registered an overall growth rate of 3.9 per cent in the first seven months of the current fiscal, as against 6.5 per cent in the same period the previous fiscal. According to official data ... More

Govt agrees to amend Competition Act
DEFENDING the provisions of the Competition Law, the Centre on Friday submitted before the Supreme Court that it would amend the Competition Act so that High Courts do not execute the awards given by the Competition Commission of India (CCI). ... More

Bids for JNPT box: Battle lines drawn
THE race for the Rs 900-crore third container terminal project at Jawaharlal Nehru Port (JNPT) is hotting up, with the three new joint ventures that entered the fray following a realignment of the existing bidders having begun campaigning against ... More

DD News makes private channels sit up, rejig ad revenue plans
THE heat seems to be on the private news channels after the national broadcaster launched its full-fledged news channel and garnered substantial viewership numbers in the first week itself. Star News, for one, is anxious about its final ... More


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