THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Wednesday, April 25, 2001

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Page One

Sinha proposes changes in Finance Bill -- VRS amortisation for banks from 2000-01
IN a move that would provide relief to public sector banks, the Finance Minister, Mr Yashwant Sinha, is set to move an amendment to the Finance Bill, 2001, allowing them to amortise the expenditure incurred on the voluntary retirement scheme (VRS) from f iscal 2000-01 itself, thereby enabling the banks to avail themselves of the consequent deduction for income-tax purposes a year ahead of the earlier proposal.

SEBI makes case for barring Rathi firms
THE Securities and Exchange Board of India (SEBI) has argued for continuation of ban on trading by broking firms owned by Mr Anand Rathi, former BSE President.

Ashok Leyland net up 16.8 pc
ASHOK Leyland Ltd has reported a 16.8 per cent increase in net profit and a marginal increase in income for the year ending March 31, 2001 compared to the previous year.

Sterlite PAT up 52 pc in Q3
STERLITE Industries (India) Ltd has ended the third quarter of January-March 2001 with a 52 per cent increase in profit after tax at Rs 32.11 crores against Rs 21.13 crores in the corresponding period of the previous year.

Homing in to jobsville
TILL December last, headhunters here were flooded with requests from Indians for placements in the US. It is the opposite now.


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