PSU stocks skyrocket; VSNL, CMC spurt 16%
It was the day of government stocks on the markets. The govt's decision to bring its stake down in public sector undertakings VSNL and CMC to 26 per cent saw the PSU stocks zooming to new peaks.



Sinha mum over tax steps for quake relief
Union finance minister Yashwant Sinha on Friday refused to comment on fresh tax measures to mobilise resources for reconstruction work in the earthquake-hit areas of Gujarat.



Capital outflows for all individuals mooted
Former deputy governor of the Reserve Bank of India Dr SS Tarapore on Friday called for permission to allow capital outflows for all individuals and prescribed modest but reasonable annual ceilings.



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