Financial Daily from THE HINDU group of publications
Tuesday, Mar 01, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Budget
Info-Tech - Telecommunications


The right ring

THE telecom sector continues to enjoy sunrise status. A flurry of proposals such as

  • Continuation of the tax holiday benefits under Section 80IA.

  • Exemption from customs duty for specified telecom equipment (which includes base stations), when imported by telecom service providers, has been continued without any time limit.

  • Import tariffs on mobile handsets to be lower by 1 per cent (subject to the latest additional customs duty levy of 4 per cent).

  • Removal of mobile phones from the one-in-six criterion for income-tax.

    These proposals are likely to augur well for companies such as Bharti Tele-Ventures, Mahanagar Telephone Nigam and Tata Teleservices (Maharashtra).

    Krishnan Thiagarajan

    Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


  • Stories in this Section
    Auto sector disappointed


    Indirect momentum
    Stimulus for economy, hopes for the poor
    Law soon to allow banks to issue pref shares
    Tax savings: Choices galore
    FIIs can submit collateral for derivatives
    Equity-linked schemes to lose lustre
    `No concrete step to hike FDI limit' — Insurers welcome I-T changes
    Bankers welcome nod for preference shares, seek clarity
    Outlay up 29 pc
    Fuel cess for road development up by 50 paise per litre
    Centre's market borrowings may rise 68 pc next fiscal
    The big picture: Social sector thrust
    Corporate income-tax — A mix of lower tax shelters & rates
    Petro-products and services — Rates cut, coverage expanded
    Domestic airlines flying abroad need not pay ATF tax
    The right ring
    Alignment of tariffs welcome
    More workload for taxman
    AMCs gearing up for gold funds
    108 SSI items likely to be dereserved
    A level playing field for MFs
    Gold funds: A new investment avenue
    Good for housing sector, says Mistry
    Emphasis on infrastructure projects
    Budget estimates for 2005-06
    Demand-led growth: End of incentive mindset
    Service tax net widens — Small players exempt
    Backward Regions Grant Fund
    Bloom time for floriculture sector
    A few things to cheer for plantations
    21% tax revenue growth target not unrealistic: Chidambaram
    Businesslike, he had them all ears
    Good news on the whole
    Reprieve for domestic aviation
    A survival guide to PC-speak
    Local PC makers fear CVD burden
    Telecom: Customs relief diluted
    Gain for cos with lower depreciation charges
    Time to rejoice for insurance sector
    Moods swing for B-day brokers
    Govt borrowings may hit bonds
    I commend...
    Experts see red over banking cash transaction tax
    While bosses fail to see the big idea, bourses take off
    Budget favourable to NCMP: Montek
    `A progressive Budget'
    No effort to bring down deficit: S&P
    Solid, for now
    Mixed reaction from cement cos
    Duty on clinker goes up
    Slew of positives
    Excise duty: Cess on petrol & cigarettes
    Customs tariff: Lower peak rate
    Duty on molasses to cost mills extra Rs 200 crore
    Excise duty on molasses `retrograde'
    Excise duty on refined oils, vanaspati goes
    Fertiliser subsidy hiked to Rs 16,254 cr
    Mumbai set for makeover, to become financial hub
    Shot in arm for infrastructure
    Cracked down the middle
    Customs duty on petrochem products cut
    ... but product prices to stay flat
    A mixed measure
    Customs, excise duty on crude, petro products cut
    Customs duty cut on pharma equipment
    Little to spur pharma industry
    No shot in the arm
    Not a strong enough dose
    Rural electrification gets a boost
    `Rural power demand will go up'
    Import duty on stainless steel, alloy cut; excise duty raised
    Making the right noises
    Sops for textiles and sugar
    Special focus on textile sector
    Intricately woven
    On a bounce
    Cut in excise duty to give fillip to tyre industry
    `Tyres will be more affordable'
    Paying more for the pint
    Cess for health
    On fast track
    Consumer goods prices may stay put
    Excise cut on ACs may not really soothe
    Branded baubles to be dearer
    Excise levy angers jewellery makers
    Real estate sector cries foul
    Stealing the show
    Positive charge
    `No impact on prices of non-ferrous metals'
    Cautious optimism among industry captains
    Cess on pan, tobacco products to fund rural health mission
    Coat of cheer
    Disinvestment — going off at a tangent
    A case for more FDI
    At the heart of a tax on the `fringe'
    A recast of personal taxation
    Fringe Benefit Tax
    More in your purse for the nonce
    Personal income-tax structure overhauled — Advantage lower, middle income groups
    Cash withdrawals will leave a trail
    `Tax on cash withdrawals an anti-evasion step'
    Budget and you


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

    Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line