The Hindu Business Line : Monday, October 27, 2003

Govt in talks with banks on pension delivery mechanism
THE Ministry of Finance has opened up yet another flank in its pension reforms offensive by initiating talks with the banking sector for creating the countrywide framework of points of presence (PoPs) for the proposed new system. The PoPs ... More

ENVIRONMENT

Pampa Action Plan remains a non-starter
The State Government is yet to submit a detailed project report to the NRCD for obtaining funds. More

PETROLEUM

ONGC to bear subsidy bill of Rs 2,000 cr
THE Government has recently decided that Oil and Natural Gas Corporation (ONGC) will bear a subsidy of around Rs 2,000-crore this fiscal on account of sale of kerosene and LPG by public sector petro-marketing companies. This is a follow up of ... More

POWER

Non-availability of counter guarantee and escrow — CLP Power pulls out of Mangalore project
CLP Power has conveyed its intention to pull out of the fast track Mangalore Power Company (MPC) and is on the verge of serving a formal termination notice after waiting for more than three years for a bankable payment security mechanism. ... More

Transco plans PR drive

TAXATION

Drive to curb evasion of entertainment tax
SOME exhibitors who live on the make-believe-world of films try to make the Commercial Taxes Department believe that some of the dubbed films screened in their theatres were real direct films, to avoid higher Entertainment Tax. Pilferages due ... More

Computer wing renovated

RADIO/TV

`No need for duty sops on STBs any more'
SET-TOP boxes (STBs) have certainly generated as much interest as any of the daily soaps being aired on television channels among its stakeholders — consumers and manufacturers alike. Faced with stiff competition from China, Korea, and ... More

TWO/THREE WHEELERS

Mobikes seen to zoom ahead of other 2-wheelers in growth
AS in the past, motorcycles are expected to grow at a rate higher than the average two-wheeler industry as a whole. According to a report on the Indian automotive industry by ICRA, the motorcycle segment is expected to report a CAGR ... More

INTERVIEW

`Efforts on to lower solar power plant costs'
Silicon, the main raw material of a solar cell, pushes up costs as a high degree of purity is required. Research is on to make solar cells using less silicon. More

INCOME TAX

I-T Dept puts 2 Chennai properties under hammer
THE Income-Tax Department has once again put on auction a 48-ground plot in the upmarket Bishop Garden area of Chennai. This is the fourth time that this property is coming up for auction. The reserve price this time is Rs 22.14 crore against the ... More

EXPORTS & IMPORTS

Chilli export turns cold on stiff competition — H1 spices shipments decrease in value, volume terms
LOW prices and high production in other producing countries have made the Indian chilli, fenugreek etc, non-competitive in the world market during April-September 2003-04, pushing the country's spices exports down both in volume and value. The ... More

`Strong rupee squeezing exporters' margins'
THE appreciation of the rupee against the US dollar is "a bit of concern to our exporters, though the situation is improving now," according to the Commerce Secretary, Mr Dipak Chatterjee. Mr Chatterjee, who is leaving Udyog Bhavan shortly to ... More