The Hindu Business Line : Saturday, May 03, 2003

Govt set on buyback to trim debt burden
THE Government proposes to buy back 24 securities with a face value of Rs 82,623 crore from banks and FIs in a `switch deal' under the debt - buy back scheme announced in the Union Budget. The Finance Secretary, Dr S. Narayan, on Friday said ... More

Action against suspended pilots to continue — Normal services soon: Air India
THE stand-off between the Air India management and the Indian Pilots Guild (IPG) resolved late on Thursday after the guild withdrew unconditionally its directive on flying to SARS-affected countries. Normal services will resume in a few days' ... More

Overseas corporate bodies barred from Maruti IPO
EVEN as the Ministry of Disinvestment (MoD) has placed Maruti Udyog Ltd on the block, the Foreign Investment Promotion Board (FIPB) has banned overseas corporate bodies (OCBs) from participating in the company's forthcoming initial public offer ... More

Banking services hit by strike
BANKING service was paralysed across the country with over 2 lakh bank officers in public sector and old private sector banks struck work on Friday for revision of wages and other demands. Several bank branches across the country however, were ... More

Compensation for revenue loss due to VAT — States for more items on concurrent list
The shift to VAT would lead to deterioration in the fiscal situation of most of the States, pushing up their fiscal deficit to State Domestic Product (SDP) ratios in excess of 8 per cent. More

Cash in on SARS-free status, says FICCI
"In the human capital related areas and the industries which require human touch, Indian companies can be called upon to fill the gap because of SARS in some East-Asian countries. The challenge before those who benefit because of gap filling is how t o translate this into trade diversion," Dr. Mitra said. More

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