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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