Financial Daily from THE HINDU group of publications
Wednesday, April 09, 2003
Markets (April 8)
BL 2501073.93 (+9.29)
BSE Sensex3174.86 (-40.38)
S&P CNX Nifty1018.10 (-13.40)
Dollar (Buy/Sell)47.38/47.51
Gold Std (10 gm)5080 (+20)

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16 States may adopt VAT from June
THE West Bengal Finance Minister, Dr Asim Dasgupta, on Tuesday expressed hope that at least 16 States and two Union Territories will be in a position to fully implement Value-Added Tax (VAT) from June 1, the new deadline agreed on by these ... More

Tribunal asks DoT to submit WLL confidential files
THE Telecom Dispute Settlement Appellate Tribunal (TDSAT) has asked the Department of Telecommunications to submit all confidential files and documents pertaining to its decision to allow basic service operators to offer limited mobility (WLL) ... More

Singapore proposes $1-b fund to invest in India
CAUTIONING India against slackening the pace of reforms, the Singapore Prime Minister, Mr Goh Chok Tong, on Tuesday announced that his Government was prepared to set up a $1-billion fund to invest in Indian businesses and infrastructure after ... More

Mumbai HC orders report on Dabhol
THE Mumbai High Court on Tuesday directed its appointed receiver to prepare a detailed report on the technical, commercial and financial feasibility of the 2184 MW Dabhol power project, with help from Indian lenders, within three months. The ... More

Basic tier fee for CAS at Rs 71.33
THE Government today took yet another step in assisting the implementation of a Conditional Access System (CAS) by fixing the price of the basic tier comprising free-to-air channels at Rs 71.33 (exclusive of entertainment and service ... More

At this rate, one will lose interest in bank deposits
MILLIONS of savers in the country are losing value of their deposits, thanks to the "easy interest rate" regime. In the week ended March 22, the rate of inflation inched up to a shade under 6 per cent, at least 25 basis points more than the ... More

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