Banking and Finance
Probe body mooted for bank, financial frauds
AN RBI-appointed expert committee has suggested setting up of a separate investigation bureau and a special court to investigate and try bank and financial frauds.
Corporate
`Family-run business houses here to stay'
FAMILY businesses will continue to grow as one of the dominating form of business enterprises in spite of the increasing number of start-up companies. This was the consensus among leading captains of business enterprises at the seminar on `Family busines
s in India: The way ahead' organised by the CII and SP Jain Institute of Management & Research here.
R.S. Lodha to be next FICCI chief
MR Rajendra S. Lodha has become the President-elect of the Federation of Indian Chambers of Commerce and Industry (FICCI). He will be assuming office at the conclusion of the chamber's 74th annual session later this year.
Hotels
TN hotel industry seeks reduction in luxury tax
THE hotel industry is not fully satisfied with Tamil Nadu's move on luxury tax. It described as `half measure' the recent announcement that the State will levy luxury tax on the actual tariff and not on the published rate, which will benefit groups of a
minimum of 10 persons. It hoped that the Government would accede to its demand for a reduction in luxury tax and the tax to be levied on actuals for all.
Meet soon on coastal regulation zone
SUSTAINABLE development and social responsibility were the two issues the hospitality industry needs to focus on, according to Mr M.P. Bezbaruah, Secretary Tourism, Government of India.
PSU
Govt mulls alternative plan on MUL `rights'
THE Government is considering putting in place an alternative plan of action to offset a possible last-minute back-out by domestic financial institutions (FIs) from the proposed Maruti Udyog Ltd (MUL) disinvestment plan.
Petroleum
Ram Naik to head high-level team to China
The Union Minister for Petroleum & Natural Gas, Mr Ram Naik, is leading a high-level delegation to participate in the first Regional Meeting of World Petroleum Congress to be held in Shanghai in China from September 17-20.
Radio/TV
Cable TV eats into AIR's pie
ALL-INDIA Radio (AIR), the oldest entertainer, is losing out to the new generation satellite channels. And this is evident in its the declining revenues.
States
Hunger and death amidst plenty
THE world's bourses might be shuddering from impending US retaliation for the acts of terror on its soil. The rupee might be under pressure amidst prophesies of doom for the Indian economy in general, and the stock markets, in particular. But in the vill
ages of Kashipur block in Rayagada district of Orissa, the poorest of poor tribals and Harijans have no clue about the latest preoccupation of the rest of the world.
New Bill to replace AP infrastructure ordinance
THE Andhra Pradesh Infrastructure Development Enabling Bill, 2001 (IDEA), which will pave the way for the replacement of the AP Infrastructure Ordinance, 2001 and creation of a Infrastructure Authority was introduced in the State Assembly.
Rs 40-cr Central fund for handloom weavers in Assam
THE Centre will provide Rs 40 crore to handloom weavers in Assam under the Deen Dayal Hathkargha Protsahan Yojana (DDHPY).
Bus reservation through e-Seva
HYDERABAD: The Andhra Pradesh State Road Transport Corporation has extended the facility of reserving tickets through the Twin Cities Intelligent Network Services (TWINS), also called e-Seva, at no additional cost.
ST waiver for shopping mall
HYDERABAD: The Chief Minister, Mr N. Chandrababu Naidu, has announced sales tax exemption for one month for the international shopping mall coming up in Hyderabad.
Rs 321-cr drought relief package
HYDERABAD: The Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has announced a Rs 321-crore relief package to tackle the severe widespread drought aimed at creating additional employment as well as taking up rescue operations.
Stocks
`Uncertainty in markets, but no cause for alarm'
THE dampening effect of the uncertainty that looms large on the global markets is expected to continue on the Indian markets, but there is no cause for undue alarm, say analysts and bankers.
SEBI may bring in changes on stock options
THE Securities and Exchange Board of India (SEBI) is likely to plug the gap in the derivatives segment by introducing certain changes in the way the stock options are settled. SEBI is likely to ask the National Stock Exchange (NSE) to make available the
cash market closing prices before conducting the options exercise session.
Share buys against takeover norms -- SEBI report points to violations by 2 OCBs
TWO overseas corporate bodies (OCBs) connected with the Mumbai-based broker, Mr Ketan Parekh, accused in the Rs 137-crore Bank of India pay-order scandal, have violated the Securities and Exchange Board of India's (SEBI) takeover regulations.
Technology
Connect 2001 concludes
CURTAINS were drawn on Connect 2001 -- an international exhibition and conference on IT, communication technologies and bio-informatics organised by the Confederation of Indian Industry -- here on Sunday.
Telecommunications
Failure to provide village phones -- DoT may scrap licences of private operators
THE Government is threatening to terminate the basic services licences of the six private operators - Bharti Telenet, Hughes Tele.com, Tata Teleservices, Reliance Telecom, Shyam Telecom and HFCL Infotel - if they fail to fulfil their commitments regardin
g village public telephones (VPT).
Transport
Railways must be open to change: Nitish
THE Railway Minister, Mr Nitish Kumar, today virtually made out a case for reforms in the Railways, even as Railwaymen rejected some of the key recommendations of the Rakesh Mohan Committee on corporatisation, organisational restructuring and hiving off
of core activities.
