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Business Briefs

More export sops

New Delhi, Dec. 25: The government may extend further relief to exchange rate-hit exporters and come out with another package after receiving recommendations of the Rangarajan Committee, which is looking into the problems relating to an incessant appreciation of the rupee.

STT collection

New Delhi, Dec. 25: The government is likely to earn about Rs 7,500 crore this fiscal from the Security Transaction Tax as the average daily trade has gone up substantially.

ance ministry officials said the STT collection till the middle of December has risen nearly 75 per cent to Rs 5,895 crore.

SBI merger

Mumbai, Dec. 25: The board of the State Bank of India will meet on January 25 to consider the merger of its six associate banks with the parent. The boards of associate banks are expected to give an in-principle nod to the merger, sources said.

Telecom row

New Delhi, Dec. 25: Some new applicants are planning to approach communications minister A. Raja over the delay in receiving letters of intent for a telecom licence.

ts are agitated that although neither Delhi High Court nor the TDSAT had stayed the process, the department of telecom has held up the letters.

Siemens boss

Calcutta, Dec. 25: The picture accompanying the story ‘Siemens MD to step down’ in Business Telegraph on December 25 is not that of Juergen Schubert. The error is regretted.

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