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Thursday, July 17 1997
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Disinvestment is on finance ministry's turf![[Details]](/icons/bullet.gif){kind=icon}
Reports state that the Union industry ministry wants the Disinvestment Commission to go to the Union finance ministry. The statement is quite true as investment and disinvestment are the concern and responsibility of the Union finance ministry.
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Central Excise Act: hard times
Adoption of ad valorem duties has become imperative in designing a stable and elastic tax structure. Section 1 of the Central Excise Act provides for the manner in which the value of goods chargeable to ad valorem rate of duty is to be determined.
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Transparency is the key
The Union finance ministry's reported move to have a comprehensive monitoring system and entry barriers for credit rating agencies is part of the strong guilt feelings haunting the regulators after the CRB episode.
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Making sense and profits amid Wall Street chaos
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The Group
