The Hindu Business Line : Saturday, June 19, 2004

Relief package for farmers announced — Debt to be recast; credit flow being enhanced
IN its first major pro-farm initiative, the United Progressive Alliance today announced a comprehensive debt-restructuring package for the country's agricultural community, involving a rescheduling of loans (as opposed to write-off) extended by ... More

States agree to implement VAT from April `05 — Force review of draft service tax Bill
BROAD consensus has emerged among most of the States to implement a value added tax (VAT) regime that would replace sales tax from April 1, 2005. The phase out of the central sales tax (CST) would now be "co-terminus" with the implementation ... More

Global Trust Bank awaits RBI nod for fresh capital infusion
A DEAL for fresh infusion of capital into the cash-starved Global Trust Bank (GTB) is expected to be finalised before the end of the month along with the announcement of its annual results. According to sources, the bank has approved a ... More

IIM-C to stick to old fee structure
THE governing board of the Indian Institute of Management, Calcutta (IIM-C) has decided to continue with the old course fee structure for the academic year beginning this month. The board, which met here on Friday at ITC Sonar Bangla, also ... More

MERC for 8.5 pc cut in REL tariff
THE Maharashtra Electricity Regulatory Commission (MERC) today sought an 8.5 per cent cut in the average tariff charged by Reliance Energy Ltd. Average tariff for the first 100 units used by households will include Rs 25 per month fixed charge ... More

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