The Hindu : Saturday, December 29, 2001

Financial Daily from THE HINDU group of publications
Saturday, December 29, 2001

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GOVERNMENT

FOREIGN PORTFOLIO INVESTMENT

Gujarat plans mega meet to lure investors
The Gujarat Minister for Industry and Tourism,Mr Suresh Chandra Mehta, said that during the current year, investment proposals worth around Rs 1000 crore have reached the implementation stage in the State. More

GOVT BONDS

Coimbatore Corpn to float bonds for drainage scheme
THE Coimbatore Corporation has decided to float bonds to raise funds to implement the underground drainage scheme (UDS) in three zones in the city. The decision was reached at an all-party meeting of the Council here. The proposal is to be ... More

POLICY

CENTRAL SALES TAX RATE TO BE RETAINED AT 4 PC
Common norms on VAT planned
THE Finance Ministry has decided to prepare common guidelines for a value-added tax (VAT) legislation that can be replicated by States. It will also move the Cabinet for promulgating an Ordinance to amend the Central Sales Tax (CST) Act. The ... More

New pricing formula soon for urea
THE remaining Government control on the domestic fertiliser industry and trade will be withdrawn soon, facilitating availability of all varieties of fertilisers to the farm sector at market-driven prices. This was indicated by Mr S.B. Mukherjee, ... More

More time for private FM operators likely
THE Cabinet, in its meeting tomorrow, is likely to extend the December 29 deadline set for private FM operators to commence operations. Sources in the Information and Broadcasting Ministry said that since the private operators have not been ... More

President okays Companies Bill
THE President has given his assent to the Companies (Third Amendment) Bill, 2001. With this, the Bill has been notified in the Gazette of India as Act No. 57 of 2001. The Companies (Amendment) Act, 2001, seeks to replace the Companies ... More

New DD, AIR chiefs
NEW DELHI: The Prasar Bharati Corporation has appointed Dr S.Y. Qureshi and Mr T.R. Malakar as Director-General of Doordarshan and AIR respectively. Dr Qureshi, a Haryana cadre IAS officer is currently Principal Secretary to the Chief ... More

Govt nod for VSNL special interim
VIDESH Sanchar Nigam Ltd (VSNL) has obtained Government approval for its special interim dividend of 750 per cent for this year. The dividend was recommended by the company's board of directors on December 14. The recommendation was subject to ... More

POWER

Maharashtra hikes power tariff by 4 pc
THE Maharashtra Electricity Regulatory Commission (MERC) today increased power tariff by four per cent for consumers effective January 1. The Rs 452-crore tariff hike announced by the commission is lower than the 11 per cent sought by the ... More

STATES

Naidu's help sought to revive sick mills
THE Andhra Pradesh Government has been requested to intervene in the Azam Jahi Mills case, located in Warangal district, to ensure that it comes out of the provisions of the Sick Industrial Companies Act (SICA). In a memorandum to the State ... More

Dhirubhai's gesture to Municipal schools in Mumbai
IT was a birthday gift from Mr Dhirubhai Ambani to the children of Mumbai's Municipal schools. Mr Ambani who turns 69 on Friday presented them with a project that would provide free computer education to 68,000 students in 51 schools. The ... More

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