NATIONAL Infocomm shares issue: Mahajan denies charges Stating that he had never held any shares of any corporate, Bharatiya Janata Party (BJP) general secretary Pramod Mahajan today (April 1, 2005) denied he had extended undue favours to the Reliance Infocomm as Union Communications Minister in the National Democratic Alliance (NDA) Government.
RBI approves merger of IDBI bank with IDBI The merger of IDBI bank Ltd with Industrial Development Bank of India (IDBI) comes into effect from tomorrow (April 2, 2005).
Sensex soars by 112 pts spurred by all-round buying Spurred by across-the-board buying support, the stock market today (April 1, 2005) rallied sharply for third day in a row lifting the Sensex by 112 points at close even as the first day of new financial year attracted brisk activity.
VAT will make India globally competitive: Chelliah India can be globally competitive as a fully integrated market if all States adopt the Value Added Tax (VAT) regime, Raja Chelliah, the architect of the VAT system said today (April 1, 2005).
Cheap primary items push inflation down to 5.11 pc Cheaper primary articles, including food and non-food items, and cooking gas pushed inflation further down to 5.11 per cent during the week ended March 19.
Sensex opens up, turns volatile in morning trading The Sensex today (April 1, 2005) opened moderately up and later witnessed volatile movements in a range of about 45 points during morning trading on the Bombay Stock Exchange (BSE) on alternate bouts of buying and selling.
Trade bandh enters 3rd day as States switch to VAT The trade bandh continued for the third day today (April 1, 2005) even as a majority of States switched over to pro-reforms Value Added Tax (VAT) in place of Sales Tax.
INTERNATIONAL Paul Wolfowitz chosen as new World Bank president The World Bank's board yesterday (Mar 31, 2005) appointed US Deputy Defence Secretary Paul Wolfowitz as the 10th president of the 184-nation development bank.
US slams India, China for protecting telecom market Slamming India, China and Japan for "excessively protecting" their telecom markets, the United States yesterday (Mar 31, 2005) threatened to vigorously enforce American "trade rights" in these countries.
