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Saturday, January 10, 2004

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PM lifts cap on investment abroad — Corporates can undertake overseas farm activities
THE Government's pre-election largesse to the corporate sector continues. After a slew of duty cuts announced by the Finance Ministry on Thursday, the Prime Minister, Mr Atal Bihari Vajpayee, on Friday allowed Indian corporates to make overseas ... More

Jaswant unveils another package — Targets infrastructure, farm, rural housing, SME sectors
TRUST the unpredictable Finance Minister, Mr Jaswant Singh, to break away from tradition in more ways than one. If Thursday's "unexpected" package of various duty sops through a detailed circular — which he himself referred to as a ... More

Infosys net profit up 28 pc in third quarter
INFOSYS Technologies Ltd today reported a 28 per cent rise in its net profits for the third quarter ending December 31, 2003, while its revenues grew by 28.9 per cent over the corresponding period last year, beating street expectations. ... More

Sensex hits new high intra-day, ends flat
EGGED on by what may be described as `flash budget' proposals, ebullient investors went on a buying spree on Friday, lifting the 30-share BSE Sensitive Index to its life-high level. The BSE benchmark opened at a record 6211.06 and rose to ... More

IFCI merger with PSU bank by April 1
THE country's oldest development financial institution, IFCI Ltd, may cease to exist after April 1. The Finance Minister, Mr Jaswant Singh, today announced April 1 as the target date for the institution's merger into a public sector bank. "IFCI ... More

Dada-Dadi bonds for senior citizens
AFTER the Varistha Pension Bima Yojana, the Government today announced another old-age income avenue for senior citizens - the Dada-Dadi bonds. The new bonds would be open for subscription from April 1 only for persons above the age of 60 ... More

'Rich reap more than poor from healthcare sops'
IT'S not the poor who are benefiting from Government subsidies in healthcare, but the rich indicated the World Bank report on Health Policy Research in South Asia. The findings indicate that there are large inequalities in health outcomes and ... More

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