Financial Daily from THE HINDU group of publications
Monday, June 21, 2004

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Open-ended tax exemptions to go — All waivers to have specified sunset clause
THE Finance Ministry has decided to put an end to the regime of `open-ended' tax exemptions. The Ministry has already initiated, as a part of the 2004-05 Budget exercise, a process of putting all direct and indirect tax exemptions under the ... More

Banks relying less on term deposits to raise funds
BANKERS refusing to lend may be commonplace. But a bank turning away deposits is an unusual occurrence. Something of this order appears to have happened last fiscal if one goes by the deposit figures of four banks - Punjab & Sind Bank, Andhra More

Aviation policy to stay grounded for some more time
THE long-awaited civil aviation policy is likely to be sent to the Union Cabinet for its nod only after the Budget session of Parliament gets over in early September. Official sources told Business Line that with the weight of ... More

Singapore zeroes in on India to sell quality healthcare
YELLOW postcards pinned up at the entrance of Tan Tock Seng Hospital speak silently of SARS, a recent challenge faced by Singapore's healthcare institutions. But for the city-state's public and private hospitals, getting a grip on the ... More

Banks to study raising credit to farm sector
BANKERS under the auspices of IBA will be meeting on Tuesday to work out the modalities of implementing the Finance Ministry's latest proposal to enhance credit flow to the farm sector. The managing committee of Indian Banks' Association (IBA) ... More

Tax exemptions — Ailing cement units on acquisition radar
AILING cement companies are in vogue. In a bid to take advantage of the tax shelter accorded to loss-making units, bigger manufacturers are increasingly eyeing them as prime takeover targets. Over the past few years, there have been several ... More

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