The Hindu Business Line : Friday, March 07, 2003

Pension plan to offer 3 options
THE new pension structure promised in the Union Budget would be kicked off by the licensing of six pension fund managers (PFMs) who would be permitted to offer a limited bouquet of three schemes each to subscribers, with a maximum cap of equity ... More

EPS members can join new system
THE new pension system proposed in the Budget will be open to subscribers of the existing Employees Pension Scheme-1995 (EPS), which is managed by the public sector Employees' Provident Fund Organisation (EPFO). "The EPS subscribers can opt for ... More

Too much cash bogs down IT firms
IF you get the feeling that IT firms nowadays look like mutual funds that also run software businesses rather than like software companies with a lot of cash, it's okay. Cash does seem to be piling up in their balance sheets. And that may not ... More

Shipping lines summoned for security meet
DOMESTIC shipping lines were surprised to get a call from the office of the Directorate-General of Shipping (DGS) today asking them to attend an urgent meeting on national security on Friday. What baffled them was the subject of the meeting: ... More

No change in sugar release mechanism — Decontrol of industry shelved
THE much-hyped plan to decontrol the sugar industry has been effectively shelved, with the Government deciding not to dismantle the existing `release mechanism' — which regulates the quantum of sugar that mills are allowed to sell in the ... More

IOC to spend Rs 500 cr in retail infrastructure
INDIAN Oil Corporation plans to invest around Rs 500 crore in the financial year 2003-04 to improve its retail infrastructure alone. "We plan to add another 500 retail outlets in the coming year, apart from revamping some of our existing ... More

Quick'n easy Chinese way
It took all of two days for Sundram Fasteners to get the approvals needed for setting up a manufacturing plant in China. "It was done through a single window. All we had to do was to sign the necessary forms and our requirements — land, ... More

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