Households turn conservative Equity investments stagnate in 2003-04
OFFICIAL Government statistics belie popular perceptions that retail investors swarmed back to the stock markets in the year 2003-04. Such perceptions were reinforced by the boom in the number of dematerialised (demat) accounts opened and the ...
No more excise relief on petro goods supplied to EOUs
THE Finance Ministry has turned down an industry request to remove or clear petroleum products from the refineries to export oriented units (EOUs) without payment of excise duty. This request has been made consequent to the withdrawal of ...
BPCL ready for forward trading
BHARAT Petroleum Corporation Ltd plans to begin forward trading in crude oil and petroleum products next month. According to a senior official, BPCL has received approval from the RBI for hedging risks in the international crude and petroleum ...
Draft rules soon on transfer pricing under Cos Act
THE Ministry of Company Affairs is working on a set of draft rules on transfer pricing in the context of related party transactions under the Companies Act. "The income tax, customs and excise laws already prescribe transfer pricing guidelines. ...
Textiles outsourcing, US' new bugbear
THERE could be a new twist to the outsourcing debate in the US, with the textiles sector now taking over from the ITES (IT-enabled services) sector as the bugbear of the American industry. With a host of large US textile companies, including ...
New power policy awaits Cabinet nod
THE Union Power Ministry is awaiting Cabinet approval to announce the new power policy that would outline the country's power sector strategy. At a press conference here on Sunday, the Union Power Minister, Mr P.M. Sayeed, and the Union Power ...
Sensex may see further decline
The phenomenon of negative divergence between an index and the advance-decline line caused sudden and sharp decline in the past in three out of four times.
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