The Hindu Business Line : Friday, May 13, 2005

Govt says no link between granting rights, airline's IPO
THE Government on Thursday maintained in the Lok Sabha that there was no link between its decision to allow Indian scheduled carriers to operate on international routes and the initial public offering (IPO) issue of a particular airline. In a ... More

Nasscom shrugs off 112 anti-outsourcing US Bills
THE National Association of Software and Services Companies ( Nasscom) today said it is not "overly concerned" on the issue of introduction of more than 112 anti-outsourcing bills across 40 States in the US during the first three months of 2005, ... More

POLITICS

Banking reforms: Left parties take issue to PM
LEFT parties on Thursday expressed their opposition to the Government on the decision to introduce a Bill to lift the 10 per cent voting rights cap in private sector banks. At a meeting with the Prime Minister, Dr Manmohan Singh, senior Left ... More

Kerala: MLAs' team to tour the Gulf
THIRUVANANTHAPURAM: A team of MLAs from the State will visit the Gulf countries to seek ways to secure the release of Keralites who have been languishing in jails and labour camps there. The Chief Minister, Mr Oommen Chandy, conveyed ... More

FINANCIAL POLICY

Compulsory auditing for charitable educational bodies, hospitals likely — Taxation laws amendment Bill introduced in LS
THE Government proposes to tighten control over educational institutions and hospitals that are currently availing various income-tax exemptions for their charitable activities. Educational and medical institutions operating as not-for-profit ... More

Nod for 50% DA merger with basic pay to CPSE staff
NEW DELHI: The Union Cabinet has given its approval to the merger of 50 per cent of dearness allowance (DA) with basic pay for Central public sector enterprises (CPSE) employees following the Central Dearness Allowance (CDA) pattern ... More

AP: Bill to regulate money lending
HAVING determined that private lending is the prime source of distress in rural economy, the State Government has decided to bring a Bill to regulate the private money lending system. The draft Bill is being studied by a Group of Ministers ... More