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28/02/2003 6:55PM

Reaction of Stephen Mathias, Resident Partner, Kochhar & Co. to the Union Budget 2003, with Reference to Information Technology Industry

The following are the key aspects of the tax proposals arising out of the Union Budget for the financial year 2003-04 in respect of the Information Technology Industry: 1. On the income tax front, the feared ...

28/02/2003 6:45PM

Reaction of Ravi Khanna, President and Managing Director Delphi India to the Union Budget 2003

The Finance Minister has presented a working plan not only to stimulate the economy but to offer sustenance to the aggregate demand. The automobile sector emerges as one of the key beneficiaries. The immediate boost ...

28/02/2003 5:40PM

Reaction of Arun Duggal, CFO, HCL Technologies to the Union Budget 2003

The restoration of tax holiday provisions under Sections 10 A, B is a positive move for the IT industry and reaffirms the government's commitment towards growing this sector. Tax neutrality for reorganization is ...

28/02/2003 5:10PM

Reaction of Srikant Illuri, CEO, Allied Domecq to the Union Budget 2003

The government is bound to reduce the customs duty on imported liquor as per the WTO regulations. Therefore, the reduction in customs duty from the prevailing 182 per cent to 166 per cent was expected. However, the ...

28/02/2003 4:40PM

Reaction of Vinnie Mehta, Executive Director, MAIT to the Union Budget 2003

1. The Union Budget 2003-04 is growth oriented. Focus on infrastructure spend, modernisation of ports, construction of new airports, simplification of procedures for exports and imports and reduction in transaction ...

28/02/2003 4:25PM

Reaction of K.V. Ramesh, Partner, Kochhar & Co. to the Union Budget 2003

The financial sector has much to cheer for in this budget. There is bound to be renewed interest on investment in shares, in light of the removal of long-term capital gains tax on shares held for more than a year as ...

28/02/2003 1:40PM

Orange, Telefonica Moviles, T-Mobile, and Vodafone Form a New Association to Drive Interoperable Mobile Payments

New Mobile Payment Services Association launched to drive m-commerce forward for customers, content providers, merchants and banks by creating an open, interoperable, commonly branded solution for payments by mobile ...

28/02/2003 12:40PM

ETS's Next Generation TOEFL to Premier in September 2005

Mari Pearlman, ETS vice president of Teaching and Learning, made the announcement during a presentation at the University of Texas in Austin. She also announced that in July 2004, TOEFL's 40th anniversary, ETS will ...


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