Govt backs buyout of Dabhol foreign lenders Forms GoM to finalise fiscal incentives
THE Government has finally drawn up its strategy to tackle the Dabhol project imbroglio. On Thursday, the Cabinet decided to constitute an empowered group of ministers (GoM) to resolve the issue. The 2,184-MW project switched off supply and ...
RBI allows shifting of securities Breather for banks from hardening yields
THE Reserve Bank of India has given commercial banks some respite against the hardening yields in the domestic debt markets, by allowing them to transfer securities in excess of the prescribed 25 per cent limit, in the Held to Maturity category ...
Co-op banks get more time to meet norms
THE Reserve Bank of India Governor, Dr Y.V. Reddy, has assured the urban co-operative banks that they will be provided with reasonable opportunity and justifiable time to comply with regulatory prescriptions. The Governor, who met with ...
Reliance Info unveils post-paid plan Joy 499
RELIANCE Infocomm, which started the price war in mid-August with its new prepaid tariffs, has now announced new postpaid tariff plans, the notable feature of it being a call rate of 40 paise per minute from Reliance Indiamobile (RIM) to RIM or ...
DoT for retaining access deficit charges on incoming ISD calls
CONTRARY to the views of the telecom regulator, the Government is not in favour of reducing access deficit charges (ADC) on incoming international long-distance calls on the grounds that the move will increase tariffs for domestic telephone ...
File original wills, HC tells G.P. Birla Next hearing on September 8
MR Justice K.J. Sengupta of the Calcutta High Court today dismissed two petitions filed by Mr G.P. Birla, Mr K.N. Tapuria and Mr P.K. Khaitan seeking to file a notarised photocopy of the wills of M.P. Birla and his wife, Priyamvada Birla, ...
International telephony VSNL to seek compensation from Govt for early loss of monopoly
VIDESH Sanchar Nigam Ltd is chasing a lot of money that the company feels is due to it. For starters, it is still pursuing the issue of compensation (for early loss of monopoly in international telephony) - with the Government. "The ...
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