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TRAI to limit number of tariff plans
New Delhi:
The Telecom Regulatory Authority of India has decided to limit the number of tariff plans announced by service providers in order to help the subscribers make a more meaningful choice.
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Costing standards set for footwear sector
New Delhi: The Institute of Cost and Works Accountants of India has come out with Cost Accounting Standard on Classification of Cost, guidelines on Transfer Pricing and Cost Accounting Rules relating to footwear industry here today.
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Spinners body gets stay on inspection fee hike
Chennai: The Dindigul Spinners Association has obtained a conditional stay of operation of the Tamil Nadu government order enhancing the inspection fee levied on power installations in the high tension power consuming textile units.
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Company secretaries appointment norms eased
New Delhi: The Department of Company Affairs has relaxed the norms for appointment of company secretaries by raising the paid-up capital limit prescribed under the Companies Act.
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India industry against imposition of cess
New Delhi: India Inc is not in favour of the imposition of a cess on companies to build a fund to rehabilitate or protect the assets of sick companies as proposed under the Companies (Amendment) Bill, 2001.
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Kerala to sign MoU for Trayons revival
Thiruvananthapuram:
The Kerala government is to sign an MoU with the Coimbatore-based promoters probably next week for reviving the sick Travancore Rayons Ltd (Trayons). The state cabinet has already given its nod for signing the MoU.
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Coastal, land-locked states slug it out over VAT
New Delhi:
An intense wrangle is hotting up between coastal and land-locked states over imposition of value added tax on imports. The contentious issue has the potential of destabilising the proposed implementation of VAT regime by states from April 2003.
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FM sets up core group to interact with exporters
New Delhi:
In a bid to give a much-needed boost to the export sector, Finance Minister Yashwant Sinha has announced the setting up of a core group to interact with exporters every month to sort out micro-level issues.
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Govt considers strategy for self-sufficiency in auto fuels
New Delhi:
The government is contemplating a novel approach to reduce dependence on fossil oil imports and make the country self-sufficient in automotive fuel within 20 years. This exercise involves development of wastelands for massive non-edible oil producing plantations.
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No headway on risk element in life policies
New Delhi:
With the finance ministry failing so far to seek out the Insurance Regulatory and Development Authoritys views on the risk element in a life insurance policy for purposes of service tax, the matter is expected to generate some heat at the two-day deliberations of the life insurance council here from Friday.
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Identity proof norm for prepaid cards hits subscription
New Delhi:
The recent decision of the union government to make the proof of identity mandatory for buyers of pre-paid cards has dealt a severe blow to the growth of the cellular subscription.
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domain - B : Indian business : News Review : 14 June 2002 : general