FM promises action against loan defaulters
Finance Minister Yashwant Sinha on Saturday said government will move `definitively and mercilessly' against wilful defaulters of bank loans which may result in imprisonment and attachment of property after October 1.



SC generally favours excise authorities
SC will not decide as to which of two entries in the Central Excise Tariff Act covers the product manufactured by an assessee. When such a problem arises it will simply adopt the view of the Tribunal in favour of the excise authorities.



Govt plans Rs 300 cr bail-out plan for sick HMT
Government is likely to provide a Rs 300 crore restructuring package for ailing public sector undertaking and manufacturing conglomerate HMT Ltd, ahead of putting it on the auction block.



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