Financial Daily from THE HINDU group of publications
Friday, December 17, 2004

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States' share in divisible tax pool may be hiked to 30.5 pc — 12th Finance Commission to submit report today
STATES may receive a higher share of the Centre's tax revenue kitty for the five-year period starting from April 1, 2005. The 12th Finance Commission is set to recommend an increase in the States' share in the divisible pool of taxes from the ... More

Primary market to see robust times
THE country's primary equity market is headed for busy times. Domestic companies, state-owned as well as private, are expected to raise more than Rs 7,000 crore through equity market offerings during 2005. The amount to be raised could go up ... More

We will look into issue of raising interest rate on PF funds: PM
THE Prime Minister, Dr Manmohan Singh, on Thursday said the Government would look into the issue of raising the interest rate payable on provident fund deposits. Dr Singh told reporters , "We have always said we will look into the matter but ... More

UTI Bank to split CMD post
THE board of UTI Bank has decided to split the post of Chairman and Managing Director into two non-executive Chairman and Managing Director. In a notice to the stock exchanges, the bank said the board took the decision at its meeting on ... More

`Indian IT pros heading back on home attraction'
IT is homecoming of sorts. The growing trend of offshoring combined with rising employment opportunities in India is drawing Indian IT professionals settled abroad, back to the country. According to the National Association of Software and ... More

Will generic drugs from India dry up?
The concern peaked last night, with the increasing likelihood of the Government bringing in product patents through an Ordinance. More

Disinvestment Dept `divested' of full-time Secretary — Sisodia to hold additional charge
ONLY last year, it was the most happening Ministry, headed by the most high profile of Ministers and bureaucrats and also the most sought after reporting beat. Now it has been reduced to a mere Department that no one apparently wants to head. ... More

Tech, pharma stocks make gains
AFTER seeming to cool off in the morning session, the stock markets continued their upward journey in Thursday's trading. The BSE sensitive index closed at 6420.4 points, up by 18 points. The S&P CNX Nifty climbed by 0.2 per cent to 2033.2 ... More

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