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Business Briefs

17% rise in tax collection

New Delhi, Oct. 9: Tax collections picked up in September to clock an overall 17 per cent growth at about Rs 88,000 crore in the first six months of this fiscal compared with Rs 75,000 crore in April-September 2001. While direct taxes grew by 21 per cent to about Rs 30,000 crore, indirect tax mop-up was up by 15 per cent at about Rs 58,000 crore in the first half of this fiscal.

Dabhol restart

New Delhi, Oct. 9: With the hope of restarting operations at the Dabhol Power plant within a year, the IDBI-led consortium of lenders has approached the government for mopping up Rs 5,000 crore through tax-saving bonds for repaying foreign loans and infusing additional funds in the entity.

Pepsodent plan

Mumbai, Oct. 9: Pepsodent has tied up with New India Assurance to offer consumers free dental insurance of Rs 1,000 on purchase of any pack of the toothpaste.

Nobel prize

Stockholm, Oct. 9: Americans Daniel Kahneman of Princeton University and Vernon L. Smith of George Mason University will share the 2002 Nobel prize in Economics for pioneering the use of psychological and experimental Economics in decision-making.


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