Financial Daily from THE HINDU group of publications
Thursday, October 03, 2002

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Facts on sell-off issue being distorted: PM
EVEN as a final decision on the strategic sale of HPCL and BPCL has been put off for three months since early September, the pro and anti groups on the disinvestment policy today raked up the controversy yet again to take it to its logical ... More

Govt to push for clean-up of PSU insurers' balance sheets
AFTER public sector banks, it's cleaning-up time for the public sector general insurance companies. The Ministry of Finance has decided to stress that state-owned insurers should make adequate provisioning in future balance sheets to cover up ... More

Creeping acquisition in full flow
Brokers said many promoters and large investors took advantage of the depressed stock market to increase their stake over the last one year. More

Tangible assets — Accelerated depreciation norms may be reviewed
THE Government is examining whether the existing rates of depreciation for tangible assets in the income-tax legislation could be brought down. According to senior officials, the I-T provisions on this currently provide for write-off of asset ... More

Govt likely to bail out Seamen's PF
A PROPOSAL to bail out the troubled Seamen's Provident Fund (SPF), which suffered a loss of nearly Rs 100 crore in the securities scam, is expected to be placed before the Union Cabinet shortly. A Government official said this was decided at a ... More

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