The Financial Express -- Economy

Wednesday, December 17 1997

Chartered accountants' chamber moves High Court on VDIS

With barely a fortnight left for its closure, the Voluntary Disclosure of Income Scheme (VDIS) has hit another snag. The Chambers of Chartered Accountants (CCA) has moved the Delhi high court for a restraint on reviewing declarations. The Central Board of Direct Taxes (CBDT) had issued notices for re-examining declarations recently.

Trai notifies cut in "provisional" Internet tariffs

The Telecom Regulatory Authority of India (Trai) on Tuesday notified reduced `provisional' Internet tariffs which will be effective from January 1, 1998. Tariff will now be based on three time slabs - 100 hours for Rs 3,000, 250 hours for Rs 6,500 and 500 hours for Rs 10,000, for dial up internet services.

Freighters urged to exploit lag in cargo capacity shortfall

Exports through the air route from eastern states have suffered a setback due to scarcity of space in international freighters and cargo at the Caclutta's Netaji Subhas Chandra Bose International Airport. A spokesperson commented that the available air cargo capacity in freighters and passenger airlines from the city is not enough to meet the demand.

Diktat falls short of industry expectations

Old entrants included in auto policy MoU norms' ambit

AP power board, Hinduja talks on Vizag project pact seen delayed

Japan company plans to enter domestic multi-media

Three AP cooperative banks fear run on deposits

"More routes needed for foreign investment"

Financial Briefing -- IDBI signs $150 mn LoC with Japan Exim Bank

Beware of investing in high-rise avenues

Banks may be forced to hike PLR, says I-Sec

Corporate funding of polls not legal

Chartered accountants' chamber moves High Court on VDIS

Trai notifies cut in "provisional" Internet tariffs

Freighters urged to exploit lag in cargo capacity shortfall

Kochi port to be computerised next year-end

Trade Briefing -- Cargo handling by major ports up 12.7%

Private funds sought for aviation infrastructure

Diversion of income at source allowed on mutual consent