Financial Daily from THE HINDU group of publications
Wednesday, August 04, 2004

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Captive plants free to sell surplus power: MERC
THE Maharashtra Electricity Regulatory Commission today said that captive power plants are free to sell surplus power to any buyer provided they have dedicated transmission lines; marking the end of State Electricity Board's monopoly on power ... More

Govt sweetens Senior Citizen Savings Scheme
THE Government has added more sweeteners to the `Senior Citizen Savings Scheme,' which has now been notified with effect from August 2. The scheme has become available initially through designated post offices. Besides allowing a larger base ... More

Steel prices hiked by Rs 500-1,000 per tonne
A major reason for hiking prices was to keep pace with the surge in international prices of steel. More

Post office deposit scheme rates may continue: Panel
Retirement benefits eligible for investment : GPF balance outstanding; retirement gratuity; commuted value of pension; cash equivalent of leave `arrears'; savings element of insurance schemes; and retirement arrears . More

PM may unveil sugar package on I-Day — Loans to mills to be rescheduled
THE much-talked about `package' for the sugar industry is almost ready, with the Prime Minister, Dr Manmohan Singh, likely to announce it in his maiden Independence Day address. The main components of the package, official sources said, include ... More

HDFC fixed rate loan band at 7.75-8.5 %
CITING likely hardening of interest rates in the long-term, the Housing Development Finance Corporation (HDFC) has increased the interest band on its fixed rate loans to 7.75 per cent - - 8.5 per cent, from the earlier band of 7.5 per cent ... More

Use of interest-free deposit from tenant = rent
A COMMON practice for tenants is to leave in the hands of their landlords a sum of money, called advance or deposit. Usually, the property owner returns this when the tenant vacates the premises, so a cause of frequent rankling is delay in the ... More

Selling pressure grips Sensex in late hour
PROFIT booking among index heavyweights trimmed three successive days of uptrend in the BSE Sensex, with the Sensex closing 7.90 points lower at 5194.63 points on Tuesday. While the improvement in the market sentiment on receding monsoon fears ... More

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