Software parks, export units can take up trading
THE Finance Ministry has permitted units set up in software technology parks, electronic hardware technology parks (EHTP), export-oriented units (EOU) and export processing zones (EPZ) to undertake trading activities.

3 UTI schemes to be SEBI-compliant
THREE of Unit Trust of India's (UTI) old schemes will soon take on a new avatar. The schemes, which were launched before the Securities and Exchange Board of India and its mutual funds regulations were framed, are being converted to bring them in conform ity to the SEBI regulations.

Insurance body allows pvt cos' registration
THE Insurance Regulatory and Development Authority (IRDA) has permitted the Registrar of Companies (RoCs) to register names of private sector companies wishing to enter the insurance sector.

Commerce, steel, power get new secretaries
CLOSE on the heels of a minor reshuffle of the Union Cabinet on Saturday, the Government tonight announced a major reshuffle of bureaucrats involving changes in several departments including commerce, steel, coal and power.

Sinha decries `smear bid by vested interests'
THE pressures being mounted against the BJP-led Government for the economic policies pursued by it and manifest partly in the allegations against the Finance Minister on the issue of tax treatment to Mauritius-based foreign institutional investors (FIIs) has forced Mr. Yashwant Sinha to go public to hit out against his detractors.

Govt move to block inflow of `seconds' steel
THE Government has decided to tighten the screws on imports of `seconds' and defective hot rolled (HR) steel products, tinplates and electrical sheets.

Ministry for steps against rigging
THE Finance Ministry has taken up with the Securities and Exchange Board of India (SEBI) the issue of preventing rampant rigging of stock prices.

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