NATIONAL '5% investment in equity not mandatory for PFs' The Government said today (Jan 29, 2005) it was not mandatory for non-Government provident funds, superannuation and gratuity funds to invest five per cent of their assets in equity of blue-chip companies.
VSNL files suit against Govt; seeks Rs 2,560 cr Internet gateway and service provider Videsh Sanchar Nigam Ltd (VSNL) has filed a suit against the Government of India (GoI) with the Bombay High Court seeking a compensation of Rs 2,560.72 crore for premature termination of its International Long Distance (ILD) monopoly.
Bourses turn strong, soar by 3.81 pc in the week The bourses witnessed a strong price rally after initial weakness and soared by 3.81 per cent in the week under review, bolstered by announcements of excellent third quarter performance by blue chip corporates as well as high expectations from forthcoming union budget.
Commission to expedite bureaucracy reforms: Govt Government is considering setting up an Administrative Reforms Commission to expedite reforms in the bureaucracy for which the forthcoming Budget is likely to provide Rs 8 crore.
