THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, September 03, 2001

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Page One

DoT asks Bharti to clear dues in cash
THE Bharti group's plans of rolling out fresh telecom services -- national long distance, basic and cellular -- have run into rough weather, with the Department of Telecommunications (DoT) stipulating payment of all pending dues (amounting to over Rs 600 crore with interest) in cash, failing which further licences will not be issued.

Zee to take on Big Mac with idlis
MR Subhash Chandra of the Zee Group plans to take the field with idlis and sambhar to match McDonald's burgers through its family entertainment centres, to begin with.

A ray of hope for the urban poor, courtesy PM
TEN years through reforms and the Government is still unsure as to whether the benefits have percolated down to all sections of the society, especially the poor. Data on this score collated by various private organisations have time and again revealed th at, over the years, the ``trickle down'' effect has simply not worked.

PFs, trusts can hold G-secs in demat form
PROVIDENT funds, trusts and other retail investors can now hold Government securities in dematerialised form, following the Finance Ministry's decision to permit such a facility for non-Subsidiary General Ledger (SGL) account-holders.

`Convergence Bill passage by Aug next'
THE Communications Convergence Bill, 2001 is likely to be enacted by August 15, 2002 at the latest, according to the new Union Minister for Communications, Mr Pramod Mahajan.

 Air safety top priority
The new Civil Aviation Minister, Mr Syed Shanawaz Hussain, on assuming office on Sunday, said the Government would soon finalise the details of a new aviation policy. Mr Hussain said the thrust of the policy would be on air safety.


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