The Hindu Business Line : Sunday, March 20, 2005

BJP-ruled States say no to VAT from April, insist on uniformity
CREATING a major roadblock to the introduction of value-added tax (VAT) system in the country from April 1, the Bharatiya Janata Party (BJP) today said that the States ruled by it would not implement VAT unless the new tax system was "uniformly ... More

Forex surge continues; reserves top $ 140 b
SWEPT up by a torrent of dollar inflows and a revaluation in the RBI's currency basket, the country's foreign exchange reserves surged by $2.87 billion in a single week. India's forex kitty was augmented to an all-time high of $140.429 billion ... More

Holcim offer for ACC may open on March 23
HOLCIM'S open offer for Associated Cement Companies will be rescheduled to commence mid-week next, most likely on March 23. The offer has received clearance from the Securities and Exchange Board of India, sources close to the deal said. The ... More

`Euro III norms will be met by deadline'
THE petroleum industry will meet the April 1 deadline for supply of Euro III quality petrol and diesel in 11 designated cities of the country, according to Mr M.S. Srinivasan, Additional Secretary, Ministry of Petroleum and Natural Gas. ... More

Corporates yet to taste big success in movie biz
THEY are big names in the corporate world. But when it comes to making an impact on the box office — corporate groups such as the Tatas, Raymonds and Oswals — have registered a string of flop shows. Barring the AV Birla ... More

IMF pegs Indian economic growth rate at 6.7 pc
THE International Monetary Fund (IMF) has pegged the Indian economy's growth rate at 6.7 per cent for fiscal 2005-'06 and predicted a growth rate of 7.5-8 per cent in the medium term. "Our view is that the Indian economy would grow by 6.7 per ... More