The Hindu Business Line : Sunday, July 11, 2004

TUs to press for 9.5 pc PF rate — Inflation indexed formula to be proposed
THE labour leaders, who are members of the Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO), are getting ready to press for at least 9.5 per cent rate of interest on PF deposits for the current fiscal in its ... More

Transaction tax - who all will be hurt?
WHO will bear the brunt of the transaction tax in the Indian debt markets in case it gets imposed? Market players, brokers, corporates and the Government itself, say experts. The ripples spread far and wide; this is how it will work. The ... More

With lowering of short-term capital gains tax — Illiquid stocks in for price manipulation?
Last year, when there was sudden spurt in large number of illiquid stocks, stock exchanges in consultation with SEBI had to move several scrips to trade-to-trade segment to avoid manipulation. More

11 power projects to lose naphtha duty exemption from next year
FROM the middle of next year, 11 power generation projects aggregating 3,700 MW will no longer enjoy duty-free import of naphtha to fuel their plants, according to the recently presented Union Budget. Naphtha attracts a duty of 10 per cent ... More

Curbs on access to salary details of IT cos' overseas staff
IN a major relief to information technology sector, the Ministry of Company Affairs (MCA) has said that the access to information furnished by such companies to the Registrar of Companies (RoCs) on onsite staff salaries would be restricted to ... More

Be ready, banks may charge you more
NEXT time you want to make a demand draft, get a bank guarantee or even just apply for a new cheque-book, be prepared to dig deeper into your pockets to pay a heftier commission to your friendly neighbourhood bank! And while you are at it, better ... More

Forex reserves rise by $671 m
AFTER a drop of over $500 million in the previous week, the forex reserves of the country moved northwards by $671 million to touch $120.078 billion, up from $119.407 billion for the week ended July 2. According to experts, the reserves, which ... More

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