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Monday, February 25, 2002

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CII plea to widen tax net
THE Confederation of Indian Industry (CII) has urged the Centre to do away with most of the taxes introduced in the last few years under the head of direct taxes. It favoured further rationalisation of both corporate and personal income-tax ... More

FICCI calls for growth-oriented Budget
EVEN as the countdown begins to the fifth Budget by the Finance Minister, Mr Yashwant Sinha, the Federation of Indian Chambers of Commerce & Industry feels that the mantra for the Budget 2002-03 should be ``growth, growth and growth only,'' since ... More

`Housing and tourism can spur growth'
THE Confederation of Indian Industry has stated that housing and tourism sector have the potential to bring back growth in the economy. The chamber has urged the Government to provide a boost these sectors in the forthcoming Budget. Both these ... More


Truckers' hopes punctured by recession, old vehicles
MOHAN, based in the truck town of Namakkal in Tamil Nadu, carries cargo at rock bottom price. With intense competition in the trucking business, the freight Mohan earns is enough to maintain his vehicle; profits are negligible. For truckers, not ... More


`Jet fuel price freeze will help industry'
A FREEZE on jet fuel price till the airline industry recovers would be a most appropriate step under the current depressed circumstances for the aviation sector, according to Mr R. Appadoo, Assistant Director (Fuel Services), International Air ... More


`Coal import will hit Rly freight revenue'
THE Coal Consumers' Association of India fears that the domestic coal industry's vulnerability to imported coal will increase in the long run and, in turn, tell on the railways' volume of coal traffic unless the railway freight structure is ... More


`Mid-course changes likely in medium-term export plan'
MID-COURSE changes, if any, in the medium-term export strategy (MTES) due to the fast-changing global trade scenario, would be incorporated, based on the recommendations of the action committee set up for implementing the export strategy, says Dr ... More


Liquor industry split on duty issue
THE alcoholic beverages industry is headed for a storm in its goblet, with both the domestic industry and the foreign liquor companies leaving no stone unturned to project themselves as aggrieved. The domestic industry is pleading with the Union ... More


Chamber moots 8-point plan for asset revamp cos
THE Associated Chambers of Commerce and Industry has recommended an eight-point strategy for successful operation of the Asset Reconstruction Companies (ARC) which is expected to have a thrust structure and a capital base of Rs 350 crore. The ... More


Juhu Centaur: The drama before a breather
A BIT of arm-twisting and sabre-rattling on the part of the Government may just ensure that the disinvestment of the Juhu Centaur Hotel of the Hotel Corporation of India stays on track. At least for now. Official sources confirmed to ... More

Disinvestment, Budget moves to set the tone for next rally
AFTER rising sharply in the first two weeks of the month, stock markets seem to be taking a breather ahead of the Union Budget. In addition, the assembly elections are also restricting market players in taking fresh positions. However, one ... More

Due diligence for HPCL, BPCL at same time
THE Government plans to simultaneously initiate the due diligence process in Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) in a bid to reduce the time involved in privatising the two companies, according ... More


Kerala expats urged to invest productively
GULF NRIs, particularly those belonging to the low and middle income category, are being urged to inculcate the savings habit and invest their earnings effectively to safeguard their future, following an increase in the number of Gulf returnees ... More


`Consumer service holds the key for survival'
CONSUMER service has come to occupy centre-stage in today's competitive environment and the survival of the industries would depend on how effectively they adapt themselves to the changing scenario, according to Mr N. Rangachary, Chairman, ... More
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