Excise to impact petro products -- Retail buyers may escape
THE Government is set to raise excise duties on mass consumption petro products to mop up revenues up to Rs 2,000 crore in the remaining three months of the current fiscal. However, retail consumer prices will not be raised, according to official ...
`Scrap I-T sops on small savings'
THE high-level committee on tax policy chaired by Mr N.K. Singh, Member, Planning Commission, has recommended scrapping of income-tax incentives on small savings. The recommendations of the Panel, which has scrutinised the entire gamut of ...
Govt against bailing out weak banks, FIs often
THE Finance Minister, Mr Yashwant Sinha, on Wednesday reiterated the Government's unwillingness to repeatedly bail out unhealthy banks and financial institutions (FIs). Addressing a pre-Budget meeting with representatives of banks, FIs and ...
PSU banks may sport a younger look
AFTER successfully trimming down during 2001 through the voluntary retirement scheme (VRS), the public sector banks may sport a younger look in 2002. The Government, in consultation with the Indian Banks' Association (IBA), is considering a ...
PSBs incentive to staff for farm credit
BANKS, finding it difficult to meet the agricultural credit targets, are offering special incentives to employees in rural branches to better their performance. Besides pay hike and promotions, the special offer to the staff includes study ...
Dabon CEO Gupta puts in papers
THE Chief Executive Officer & Director of Dabon International Ltd, Mr P.K. Gupta, has quit the company with immediate effect. According to well-placed industry sources, Mr Gupta's decision to step down as the CEO and Director of Dabon had been on ...
TRAI may change inter-circle mobile terms -- Operators can bypass BSNL in routing calls
IN what could be a deviation from the cellular licence terms, the Telecom Regulatory Authority of India (TRAI) proposes to treat all mobile calls between Maharashtra and Mumbai, Tamil Nadu and Chennai and West Bengal and Kolkata as intra-circle ...
RPL, IOC mull status quo
RELIANCE Petroleum Ltd (RPL) and Indian Oil Corporation (IOC) are actively considering settling for a lower take-or-pay offtake of around 12-13 million tonnes annually from the former's refinery in the post-Administered Pricing Mechanism (APM) ...
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