Jagmohan gives in, meets Vajpayee half way
The department of telecommunciation has extended the deadline for payment of 20% licence fee by private telecom operators to February 28.

Court verdict may prompt banks to return excess interest tax to Centre
The banking industry is likely to be forced to deposit the excess interest tax charged from its corporate borrowers since October 1991 with the Reserve Bank of India in favour of the central government.

Drug board clears patent-covered new molecules export with riders
The Drug Technical Advisory Board (DTAB) is believed to have cleared a proposal allowing domestic drug firms to export molecules covered under international patents, subject to 16 broad conditions.

  Court verdict may prompt banks to return excess interest tax to Centre
  India's first franchise association formed
  Executive briefing
  Hard budget is need of hour
  Myanmar seeks India's help in formulating IT plan
  Australia weighs bid by Iridium for a `gateway'
  Russia to stop steel exports to US
  Jagmohan gives in, meets Vajpayee half way
  Financial briefing
  Japan extends help to beef up local silk yield
  Ministry seeks rail freight rationalisation for iron ore
  Experts seek cut in indirect-taxes to check evasion
  Sugar sales via PDS to continue, says Barnala
  Economic forecasters slash estimates of U.S slowdown
  Profit-padding won't do, Taiwan bank needs reform to proser, says Moody's
  Economic survey may pitch for subsidy slash
  No proposal to withdraw sale of sugar through PDS
  Select committee to vote on IRA Bill
  Bank unions may call off proposed two-day strike
  Agents must have professional qualifications, says IRA chief
  Select committee to vote on IRA Bill
  New Zealand plans to link farm, industry
  Bank unions may call off proposed two-day strike
  New Zealand wants to link farm, industry at WTO
  Drug board okays export of molecules covered under global patent
  India's first franchise association formed
  Local capital goods firms seek deemed-exports status
  Court verdict may prompt banks to return excess interest tax
  Executive briefing
  Hard budget is need of hour
  Myanmar seeks India's help in formulating IT plan
  Australia weighs bid by Iridium for a `gateway'
  Russia to stop steel exports to US
  Financial briefing