Financial Daily from THE HINDU group of publications
Thursday, September 30, 2004

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Oil cos' subsidy burden may double in Q2 — ONGC, GAIL, OIL to bear Rs 2,300 cr
THE Petroleum Ministry is actively considering a proposal to nearly double the LPG and kerosene subsidy to be borne together by Oil and Natural Gas Corporation, GAIL (India) Ltd and Oil India Ltd during the second quarter of the current ... More

CCEA defers decision on investment panel — Kahalgaon transmission stage-2 project gets nod
THE Cabinet Committee on Economic Affairs on Wednesday approved the Rs 1,771.93-crore transmission system for the 1,000-MW Kahalgaon Stage II project in Bihar but deferred any decision on setting up an Investment Commission. The cost of the ... More

Cabinet approves changes in Competition Act
THE Competition Commission of India (CCI) may soon become a reality with the proposed amendments to the Competition Act, 2002 clearing one more hurdle. The Union Cabinet on Wednesday gave its nod to the amendments proposed by the Group of ... More

Group of Ministers to review print media policy
THE Cabinet on Wednesday decided to set up a Group of Ministers (GoM) to undertake a comprehensive review of the print media policy. Speaking to newspersons, the Information and Broadcasting (I&B) Minister, Mr Jaipal Reddy, said that the ... More

Govt eases FDI approval norms
FOREIGN investors' drive into India is set to get smoother. the Government on Wednesday divested some of its own powers of approving such investments that it exercised through the Foreign Investment Promotion Board (FIPB) and has handed them ... More

Want groceries? Go to the post office
POST offices in your neighbourhood may never be the same. In a complete revamp of its operations, the postal department is now looking at foraying into the retail sector through strategic tie-ups with large FMCG companies to sell anything from ... More

Centre says BCCI is a `state'
ZEE Telefilms, which has challenged the Board of Control for Cricket in India's (BCCI) decision to cancel the telecast rights tender, today found an ally in the Government. Supporting Zee Telefilms on the issue of maintainability of its petition, ... More

CLB vacates its order on BPL Communications
CALL it a family feud or a corporate war between the patriarch of a company and his prodigy, the case of BPL Communications Ltd in the Company Law Board (CLB) seems to have all the ingredients of a high tension court room drama. In a turn of ... More

World economy to witness strongest year of growth: IMF outlook
IN its World Economic Outlook (WEO), the International Monetary Fund has argued that unless the events take an "awful turn," the world economy will enjoy one of its strongest years of growth this year. "It is but natural then that the ... More

Indices bounce back sharply
ENDING the four-day losing streak, the key market indices bounced back sharply on Wednesday. Ignoring the firmness in international crude oil price, BSE Sensex and the S&P CNX Nifty registered sharp gains on Wednesday. The BSE Sensex closed at . More

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