Financial Daily from THE HINDU group of publications
Sunday, April 11, 2004

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PTC mulls stake in power generation projects
By taking an equity position, PTC can help secure a long-term arrangement for trade in power produced by the generation company. More

Investments in captive power on upswing
THE market for captive power plants is hotting up. Projects worth Rs 15,800 crore for a total capacity of 4,410 MW have been announced since the passage of the Electricity Bill. To put it in perspective, as per the Ministry of Power estimates, ... More

Forex reserves rise $1 b, top $112-billion mark
STRONG dollar flows, especially on March 31, from portfolio investors added another billion dollars to the burgeoning foreign exchange kitty of the Reserve Bank of India during the week ended April 2. A merchant banker said some foreign ... More

National Company Law Tribunal held unconstitutional
A DIVISION Bench of the Madras High Court has declared the constitution of the National Company Law Tribunal (Tribunal) and the National Company Law Appellate Tribunal (Appellate Tribunal) as provided for under provisions of the Companies ... More

Acer's `hard' bargain goes `soft'
AMONG evergreen questions in taxation are the endless debates of capital vs revenue, and business vs personal expenditure. To these one may add the current imbroglio about hardware and software. The Acer India Ltd case brought this tangle to ... More

Going round in a `circular'
THE 1996 decision in the PSI Data Systems Ltd case raised too many doubts in the minds of computer companies on the valuation of computer systems sold along with software. So, the Central Board of Excise & Customs thought it fit to issue a ... More

Will PCs become dearer?
IF excise duty (of 8 per cent) is to be levied on the price of all software that comes bundled with PC hardware, PCs would become marginally costlier. Industry sources indicate that in the case of the Microsoft XP operating system for home ... More

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