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VAT regime from April 1, asserts Chidambaram
CHENNAI, DEC. 30.Rejecting an "all or nothing'' or "feast or famine'' approach, the Union Finance Minister, P. Chidambaram, today asserted that the State-level value added tax (VAT) regime will come into force on April 1, 2005, with no change in ...

Anil fails to convince RIL board on bonus issue
NEW DELHI, DEC. 30.Details of the crucial Reliance Industries' board meeting in Mumbai on Monday available today indicate that Anil Ambani had made a diversionary move to stall the proposal for buyback of shares, but found himself up against the ...

FLAG Telecom to initiate action against VSNL
MUMBAI, DEC. 30.The global telecom carrier FLAG Telecom, a Reliance group entity, will initiate arbitration proceedings against Videsh Sanchar Nigam Ltd. (VSNL), alleging that the Tata group company was blocking access to FLAG Europe Asia (FEA) ...

India moving towards open skies policy
MUMBAI, DEC. 30.The Union Government's announcement allowing private domestic airlines with over five years experience and fleet of 20 aircraft to fly to all international destinations barring the Persian Gulf is a welcome move and an extension ...

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