Stiff `Bill' for finance cos
THE Finance Minister, Mr Yashwant Sinha, today introduced the Financial Companies Regulation Bill, 2000, seeking to usher in legislation to regulate financial companies and provide stringent measures to protect the interests of depositors.

US-64 does well, sales at Rs 4,594 cr -- MIPs' mobilisation declines sharply
THE Unit Scheme-1964 (US-64), the biggest scheme of Unit Trust of India (UTI), recorded a turnaround with positive net sales during the year ended June 2000 when sales under its popular schemes -- the monthly income plans (MIPs) declined.

1 pc hike in calamity surcharge on companies
DOMESTIC companies will have to cough up a surcharge of 11 per cent on income-tax from the assessment year 2001-2 as against 10 per cent in the current fiscal.

Return from tech funds negative in June-Nov
THE average return on investment in technology funds has been a negative 15.16 per cent in the last six months (June-November 2000), an analysis conducted by Value Research, a New Delhi-based mutual funds research agency, shows.

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