The Hindu Business Line : Sunday, March 02, 2003

Excise duty cuts not so cool
MR Jaswant Singh's Budget has proposed an 8 per cent cut in excise duties on a whole range of consumer goods, including soft drinks, air-conditioners, pressure cookers, biscuits, confectionery and scented supari. However, the net benefit to the ... More

Cos may rush to pay out interim dividends — To skip distribution tax
IN what could be a repeat of last year's post-Budget corporate moves, companies appear to be planning to avoid payment of dividend distribution tax of 12.5 per cent by coming out with interim dividend announcements before April 1, 2003, the day ... More

BG signs deal with ONGC, RIL on operatorship
AFTER a year-long tussle, BG Group Plc, Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd (RIL) have formally agreed to jointly operate the Panna-Mukta and Tapti oil and gas fields. The three equity partners have entered into ... More

Jaswant open to rethink on dividend taxation
THE Finance Minister, Mr Jaswant Singh, has said that he was open to `re-addressing' the Budget proposals relating to taxation of dividends distributed by companies and confining abolition of long-term capital gains tax to only listed shares ... More

Export growth in Jan dips
CONTINUING its high momentum, the country's exports during the first 10 months of the current fiscal registered a double-digit growth of 17.38 per cent, though in January 2003, the latest available trend, the growth has slowed down to a single ... More

Maruti, HM cut prices
MARUTI Udyog has reduced prices of its vehicles by Rs 10,000 to Rs 37,664, a day after the Finance Minister, Mr Jaswant Singh, slashed excise duty on passenger cars in the Union Budget 2003-04. Maruti 800 will be cheaper by Rs 10,884 to Rs ... More

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