The Hindu Business Line : Saturday, August 27, 2005

SEBI to end discretionary share allotment to QIBs
THE Securities and Exchange Board of India has decided to amend the share allotment norms for institutional investors in public issues. According to the decisions taken at the SEBI board meeting today, the allotment of shares to qualified ... More

Wife's engagement as special counsel — Chidambaram's resignation demanded; CBDT clarifies
THE Bharatiya Janata Partyhas demanded the resignation of the Finance Minister, Mr P. Chidambaram, in a sequel to the Central Board of Direct Taxes (CBDT) engaging his wife, Ms Nalini Chidambaram, as `special counsel' to represent the Income-Tax ... More

The case in question
THE case that has brought Ms Nalini Chidambaram into the spotlight relates to an income-tax dispute on treatment of a certain expenditure as capital or a revenue expenditure. Informed sources said the question of law that was to be settled ... More

Fixed wireless subscribers will have to shell out more
SIX million fixed wireless terminal subscribers across the country may have to pay a higher tariff with the Department of Telecom categorising the service at par with mobile services. This would mean that operators like Tata Teleservices and ... More

CDMA cos seek PM's intervention — `Market forces must determine tariffs'
TELECOM operators using CDMA technology have written to the Prime Minister, Dr Manmohan Singh, seeking intervention in policy matters relating to spectrum allocation, access deficit charge, and interconnection. The operators have also asked ... More

`PSUs first' for iron ore mining leases, says panel
PUBLIC sector companies should be given first priority for allocation of iron ore mining leases. This has been recommended by the R.K. Dang committee set up by the Ministry of Steel to frame guidelines for allocation of iron ore mining ... More

RBI nod must for gifting securities to residents outside India
THOSE who transfer by way of gifts, securities including shares or debentures to residents outside India will have to obtain prior approval from the Reserve Bank of India. The value of the gift or security is not to exceed the rupee equivalent ... More