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Home -> Finance -> News

NATIONAL
Petroleum products may attract VAT from next fiscal
Petroleum products may attract VAT from next fiscal as is implicitly recommended by mid-term appraisal of the Tenth Five Year Plan, Empowered Committee Secretary Ramesh Chandra said today (May 22, 2005).

'FIIs net sellers in equities at Rs 446.6 crore'
Foreign Institutional Investors (FIIs) recorded net sales of Rs 446.6 crore ($ 102.4 million) in equities for the trading week ended May 20 while mutual funds (MFs) were net purchasers at Rs 1125.39 crore.

'CBT to discuss measures to bridge EPF shortfall'
A crucial meeting of the Central Board of Trustees (CBT) of the Employees Provident Fund (EPF) will be held in New Delhi on May 28 to discuss measures to bridge the shortfall of Rs 927 crore in view of Finance Minister P Chidambaram's announcement of 9.5 per cent interest for 2004-05.