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Wednesday, April 21, 2004

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CalPERS to enter Indian equity market
THE California Public Employees' Retirement System (CalPERS), one of the biggest pension funds in the US with assets of $166 billion, has decided to invest in the Indian equity market. The CalPERS Board of Administration decided this on ... More

Tax collections cross Budget estimates — On target nearly after a decade, says Finance Secretary
THE Centre on Tuesday reported that revenue collections for fiscal 2003-04 have exceeded Budget estimates for the first time since 1995-96. The provisional figures for the fiscal ended March 31, 2004, have put total collections at Rs 2,52,162 ... More

Inflation to remain `below 5 per cent'
INFLATION should remain below 5 per cent during 2004-05, the Chief Economic Advisor, Ministry of Finance, Dr Ashok Lahiri, has said. "India is a very inflation-averse economy. I will be surprised if inflation is above 5 per cent in 2004-05. It ... More

ISO plans quality norms for call centres
FOLLOWING the US backlash on outsourcing of services to developing countries like India, the International Organisation for Standardisation (ISO) is planning to come up with quality standard norms for call centres. Speaking at the Bureau of ... More

Open sky offer to close on April 30
AFTER two successive extensions, the Government has now decided that the open sky offer, which allows airlines to operate additional flights into the country, will come to an end on April 30 when its current term runs out. Official sources told ... More

IDFC sets up search panel for new MD
THE board of Infrastructure Development Finance Company Ltd (IDFC), which met here on Tuesday, has decided to set up a `search' committee of its members to look for a new managing director. The top post at IDFC has been lying vacant after Mr ... More

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