The Indian Express -- Business

Friday, July 4 1997

FOREX RATES INDICES STOCK

VDIS challenged

A writ petition challenging the Voluntary Disclosure of Income Scheme (VDIS) has been filed in the Bombay high court by the All India Federation of Tax Practitioners and V H Patil, a practising advocate, on the grounds that it is discriminatory against honest tax payers.

Forex release norms eased

In a significant move towards full convertibility of the Indian rupee, the Reserve Bank of India (RBI) today substantially relaxed rules for the release of foreign exchange for certain activities which include employment and basic travel quota (BTQ).

Bank strike today

The banking industry will come to a standstill today as over ten lakh bank employees will go on a nationwide strike to press for better service conditions. The strike call has been given by the apex level unions of bank employees and officers under the banner of United Forum of Bank Unions (UFBU).

IFCI targets Rs 10,000 cr loan during 1997-98

Finance firm dupes loan seekers

Bizbits -- Gold falls further

Rs 700 cr deal struck by Port Trust, NSCIT

ONGC may face cash crunch as dues mount

IMC against change in capital gains rules

DCW to hive off two divisions

Rumours mar sentiment

Ampersand Software targets Rs 86-crore sales by 2001

Customs overlooks norms in Italian marble import

First neem pesticide is ready to hit the market

Prudential Capital, three other NBFCs downgraded

RBI relaxes `at par' facility

Bloomberg Finance