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Monday, March 6, 2000



Silicon Valley Saga Series


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Govt may go for 100% equity sale in PSUs
The department of disinvestment is considering going in for a 100% offloading of shares in non-strategic public sector undertakings (PSUs) and retaining just one "golden share."




Service tax -- Controversial rules quietly proposed
Goods transport operators, C&F agents and their clients have been quietly delivered a body blow by finance minister Yashwant Sinha via two sections relating to service tax that are buried in the fine print of the Finance Bill, 2000.




MFs luring investors with tax benefits
Mutual funds are now targeting high networth individuals and corporates in a last ditch attempt to attract money under sections 54EA and EB.




Other headlines

Dept of Posts to enter e-commerce
Textile industry in need of technology upgradation -- Minister
ONGC to offer 50% stake in oil block to IOC
Inflation rate falls to 2.08 pc
Day trader thrives on volatile US stock markets
Equity research firms bullish on Reliance
Sebi, CLB roles overlap in new Cos Bill
Duty-free veg oil from Nepal hits India refiners
Chelliah against higher FII limit
Strikes to greet bank privatisation moves
OEL staff seek govt, Indal help to run Balasore
Usha Beltron nod for demerger
SCI to exit from break bulk cargo


 
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