Financial Daily from THE HINDU group of publications
Wednesday, August 25, 2004

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PM to head infrastructure panel — Promises simpler tax compliance regime
THE Prime Minister, Dr Manmohan Singh, on Tuesday announced the setting up of a high-level committee on infrastructure to monitor the progress in all key projects. Inaugurating the JRD Tata Centenary Celebration organised by Assocham, the Prime ... More

`Bombay Plan still relevant'
THE Prime Minister, Dr Manmohan Singh, shared his thoughts on the relevance of the `Bombay Plan' in the current scenario while delivering the inaugural address at the JRD Tata centenary celebration on Tuesday. "As a student of economics in the ... More

Strike cripples banking operations
BANKING operations throughout the country were hit today as public sector bank employees struck work demanding a wage revision. Cheque clearing, forex transactions and trading in government securities were affected. According to an RBI ... More

Govt offers tax shift from booking agencies to consignors
IN a climb down to placate the striking transporters, the Finance Ministry has offered to shift the incidence of service taxation from goods booking agencies to consignors in the organised industry. The Finance Ministry has listed out seven ... More

Gestetner, Ricoh merger at 1:6 share swap ratio
IN a bid to improve operational efficiencies and profitability, and aim for a dominant position in the market, office automation companies Gestetner India and Ricoh India, both subsidiaries of Ricoh Japan, have decided to merge into a single ... More

Will farm loan delivery match the decibel level?
WHEN it comes to funding farmers, the co-operative banking system follows age-old limits termed in official parlance as Realistic Scale of Finance (SOF). A detailed note sent out by the National Bank for Agriculture and Rural Development ... More

States to decide on Kelkar tax package in a month
STATE Governments are likely to firm up over the next month their views on the acceptability of the tax reform package proposed by the Task Force on Implementation of the Fiscal Responsibility and Budget Management Act (FRBM). "The report of ... More

Airtel pre-paid tariffs slashed by 60 pc
THE battle for the pre-paid mobile market heated up today with Bharti Cellular announcing up to 60 per cent reduction in its tariffs. The move follows a similar tariff cut by Reliance Infocomm last week. As per the new tariffs, local call rates ... More

SC panel for closure of Hind Insecticides unit — Proposes Rs 2.5-cr fine for polluting river
A MONITORING Committee on Hazardous Waste set up by the Supreme Court has recommended that the public sector Hindustan Insecticides Ltd (HIL) at Eloor near here should be closed down in view of the environmental pollution it creates. The ... More

Smart planning leads to drop in car inventory levels
WHILE car makers in the US are doling out huge incentives to clear out bloated inventories, some smart thinking and an auto boom have have ensured that dealers in India carry less than half the inventory than they did a year ago. A year ago, ... More

Cement, steel stocks prop up indices
AFTER a weak start on Monday, the markets recouped most of the losses on Tuesday.. Commodity stocks in the cement, steel and oil sectors kept the market mood upbeat. A cut in the steel prices announced by domestic manufacturers is expected to ... More

TCS shares listing today
SHARES of Tata Consultancy Services (TCS) will be listed on stock exchanges tomorrow. Unlike most other IPOs, TCS has planned listing ceremonies at both the National Stock Exchange and the Bombay Stock Exchange. The Chairman of Tata Sons, Mr ... More

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