FM may offer tax breaks to salaried class
New Delhi: Finance minister Jaswant Singh may have delivered his first largesse to the retired and small savers in his first day in office. He made it clear that he was against the five per cent service tax on the risk premium portion of life insurance policies and is not averse to offer tax breaks to the salaried class.
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Simplification marks law ministry drive
New Delhi: In the government's first 1,000 days since taking charge in October 1999, the ministry of law, justice and company affairs has taken several steps including amending the Companies Act to evolve a productive, efficient and competitive corporate structure.
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EPF board meet today to discuss rate cut
New Delhi: The Central Board of Trustees of the Employees Provident Fund organisation will be meeting here on 9 July 2002 to take a final view on the finance ministry's persistent stance on effecting a 50-basis point cut in the interest rate.
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Auto companies go for a rural drive
New Delhi: Passenger cars may not remain an urban phenomenon. For faced with rising income levels in rural areas due to a recovery in commodity prices and prospects of a good monsoon, an increasing number of auto companies are aggressively making inroads into the rural area.
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Finance ministry may strengthen DCAs regulatory role
New Delhi: The finance ministry is planning to strengthen the regulatory role of the department of company affairs.
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Asian growth rate to rise to 6% in 2002: Jalan
Mumbai: The overall growth rate in Asia will increase to about 6 per cent in 2002 and slightly higher in 2003 on the back of an anticipated better economic performance of India and China, says Reserve Bank of India governor Bimal Jalan.
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Take US farm bill to WTO: Dairy body
New Delhi: The Indian Dairy Association has urged Agriculture Minister Ajit Singh and Food Processing Minister N T Shanmugam to protect the domestic industry from the likely onslaught of cheap and subsidised imports from the developed countries, particularly from the United States.
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