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Sunday, November 10, 2002

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INDUSTRY & ECONOMY

INVESTMENTS


Do's and don'ts for investors
STOCK exchanges enable investors who hold securities to adjust their holdings in response to changes in their assessment of risk and return, and also to meet their liquidity needs. An investor buys and/or sells securities to rebalance his ... More

ECONOMY


Bank credit up Rs 4,544 cr
BANK credit has increased by Rs 4,544 crore to touch Rs 6,74,156 crore for the fortnight ended October 25. This is inclusive of food credit, which grew by Rs 1,163 crore and non-food credit, which grew by Rs 3,380 crore. According to the Weekly ... More

INFRASTRUCTURE


Top firms keen on New Mumbai SEZ
THE Tatas, Reliance, Larsen & Toubro, Essar, Videocon and Insignia group of the US are among the 12 parties including four from overseas, who have submitted expressions of interest for setting up the New Mumbai Special Economic Zone. The first ... More

PETROLEUM


Major gas reserves in KG basin — GSPC may steal the thunder from Reliance
IF the announcement of huge gas reserves found by Reliance Industries Ltd (RIL) at the Krishna Godavari (KG) basin late last month electrified the nation, it may be time to brace up for more such experiences, but in larger doses. Gujarat State ... More

Myanmar signs gas supply deal with GAIL
MYANMAR will sell natural gas to India. An understanding to this effect has been arrived at between the authorities in that country and Gas Authority of India Ltd (GAIL), according to Mr Buddhadeb Bhattacharjee, Chief Minister of West ... More

TAXATION


Axing the tax incentive
THE recommendation regarding personal income-tax of the Task Force on Direct Taxes closely follows the recommendations of an earlier group headed by Mr Parthasarathy Shome. There is largely nothing new. However, compared to those of the Shome ... More

Kelkar's tax proposals — What's in it for shareholders?
IF you are a shareholder in any company that has paid taxes at more than 30 per cent of its book profits, there is much to cheer in the recommendations of the Kelkar Task Force on Direct Taxes. But if you are a shareholder in a company that falls ... More

Kelkar to discuss report with Commerce Ministry
THE Chairman of the task force on taxes, Dr Vijay Kelkar, will interact with the officials of the Ministry of Commerce and Industry at a meeting being convened by the Directorate-General of Foreign Trade (DGFT) on November 11 in a move to obtain ... More

Indirect taxes exemptions may stay for some items
THE Task Force on Indirect Taxes is unlikely to recommend lifting of exemptions on certain items such as textiles in its final report, but may suggest a budgetary provision for fertiliser and other sectors while phasing out incentives. ... More

TEXTILES


Textile industry `lagging behind'
INDIA remains unmatched in the textiles sector to the extent of around 15 per cent, when compared with Bangladesh, Sri Lanka, Indonesia, Pakistan and China, according to Mr T. Kannan, Chairman, Confederation of Indian Industry (CII), Southern ... More

EDUCATION


NIFT schools likely to be made deemed university
THE seven premier fashion schools of the National Institute of Fashion Technology, under the aegis of Union Ministry of Textiles, may be converted into a deemed university. According to Dr B.V. Somasekhar, Director of NIFT, Kolkata, a team from ... More

REAL ESTATE & CONSTRUCTION


Housing scheme for PF subscribers
The Centre is to launch a housing scheme for members of the Employees Provident Fund. To be launched on December 25 in Delhi, it will be taken to the 216 other centres depending upon the participation of the States. The funds would be made ... More

INDUSTRY ASSOCIATIONS


Chambers urged to seek consensus on pending Bills
MR N.K. Singh, Member of the Planning Commission, has urged all apex chambers of commerce to seek bi-partisan support in Parliament with a view to ensuring that major financial legislation, which are pending are passed within the next 6-8 ... More

SMALL SAVINGS


EPF rates to stay
For investors who are witnessing declining interest rates across most investment options, their provident fund investments may earn 9.5 per cent in 2002-03 as they did in 2001-02. Despite the Finance Ministry's preference to cut this to 9 per ... More

LABOUR REFORMS


Reform of labour laws must to compete globally: Rudy
REFORM of age-old labour laws is indispensable for making Indian industry cost competitive which in turn would make Indian exporters more competitive in the global market. This was stated by Mr Rajiv Pratap Rudy, Union Minister of State for ... More
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Nov. 3-Nov. 9
Use of anti-dumping measures declines — China `dumps' the most, while India probes the most

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CII pegs GDP growth rate at 5.4 per cent

319 medicinal plants of Indian origin endangered

Asia-Pacific CEOs see bleak year ahead for world economy

Bill Gates thrust this time is healthcare

Export drive helps reduce mounting foodgrain stocks

PSUs worried over funds in IFCI

Kelkar hits salaried class the hardest

Lanka may outstrip God's Own Country

Pension, social security cover for unorganised sector on the anvil

Pay thru the roof

Ethanol blended petrol to cost up to 75 p less


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