The Hindu Business Line : Saturday, May 12, 2007

POLICY
`Govt must rescind order treating pref shares as debt'
The Finance Ministry recently issued a press note specifying that redeemable preference shares issued to foreign investors on or after May 1, 2007 would be regarded as external commercial borrowing (ECB), with the exception of those that are ... More

AP to transfer 10 depts to panchayats
The State Government is all set to transfer additional power to the panchayats in accordance with the 73rd Constitutional Amendment Act. The preparation of the Government Orders has been completed and the State Cabinet will approve the transfer ... More

SECURITY
Awesome warhead
VISITORS WATCH the model of a torpedo at an exhibition organised by the Naval Science Technological Laboratory, Visakhapatnam, to mark the technology day on Friday. ... More

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`Govt must rescind order treating pref shares as debt'

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