The Hindu Business Line : Wednesday, January 24, 2007

POLICY
Kalam gives assent to SLR Ordinance
The President, Mr A.P.J. Abdul Kalam, has given his assent to an Ordinance that would empower the Reserve Bank of India to lower the statutory liquidity ratio (SLR) below 25 per cent. An official spokesperson of the Government confirmed that ... More

Stamp duty on transfers from holding company
Transfer of property between parent company and subsidiary company is no longer exempted from stamp duty in Tamil Nadu. The exemption dates back to a notification dated June 17, 1964. Item 38 in that notification spoke about exempting from duty ... More

Move to scrap cement import duty may not impact retail price
`High logistics cost makes it unviable' More

Nil import duty hits cement shares
Stocks of cement companies plunged on the bourses following the Government scrapping import duty on cement. Analysts felt the decline in stock prices was a knee-jerk reaction to the announcement. Domestic cement companies will not be affected ... More

POLITICS
CPI(M) terms duty cuts improper
The move to cut customs duty on steel, cement, aluminium, zinc and others, as announced by the Government on Monday, will not help curb inflation while it would affect Government revenues, the CPI(M) said on Tuesday. The party also criticised ... More

Best legislator and the award goes to...
The Essel Group and Zee Kannada have selected Mr Shivanand Patil, Cong MLA from Basavana-Bagewadi, as Karnataka's Best Legislator. Mr Patil secured the highest number of votes of nearly 100 nominations received. Other finalists chosen ... More

STATES
Centre, States agree on CST compensation package
Asim Dasgupta meets Chidambaram More

AGRICULTURAL POLICY
Centre bans futures trading in tur, urad
The Centre on Tuesday night banned futures trading in tur and urad until further notice. When contacted, the Forward Markets Commission Chairman, Mr S. Sundareshan, told Business Line: "No comments". Commodity exchange sources said they ... More

Maharashtra Govt eases wheat storage limits
Taking note of a bumper rabi wheat crop, the Maharashtra Government on Tuesday eased storage limits on wholesalers imposed under the Essential Commodities Act early September. Wheat wholesalers can now store up to 300 tonnes in ... More

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Stamp duty on transfers from holding company

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Looking back
Jan. 14-Jan. 20
Rate cap on micro loans unlikely

CPI(M) for changes in SEZ Act