NATIONAL Left's 'Red' signals may slow down FM's tax reforms Finance Minister P Chidambaram may belief expectations in Union Budget 2005-06 as he has to balance tax and expenditure reforms with increasing pressures from Left parties, which could see imposition of new cess to raise resources for health and infrastructure development.
Budget likely to provide sops for bank mergers In a bid to push banking reforms, the Budget is likely to lay the foundation for "hassle-free mergers" of banks by bringing in necessary changes in the tax laws.
MTNL for mega GSM expansion; to invest Rs 2,000 cr Within three months of adding to mobile phone capacity by eight lakh in two metros (Delhi and Mumbai), the state owned MTNL (Mahanagar Telephone Nigam Limited) today (Feb 20, 2005) announced another round of expansion in GSM mobile phones and said up to Rs 2,000 crore would be invested in the next financial year.
