5% PSUs equity for employees
The Government has ordered public sector enterprises to offer up to five per cent of their paid-up capital to their employees. The order dated March 17 is applicable to those PSUs which disinvested in 1992-93. The total offer of shares should not exceed five per cent of the paid up capital of the company as on April 1,1992. The offer holds good only for the regular employees who were on the company’s rolls as on that date and on the date of issue of this order.
SE chiefs to write to SEBI
The presidents of the various stock exchanges have asked the Executive Director of the Bombay Stock Exchange to formally communicate to the Securities and Exchange Board of India the difficulties in the implementation of the revised carry-forward as proposed by it. Although SEBI has not favoured the twintrack trading system, brokers have once again insisted that they be allowed to execute the system at least temporarily till the stock exchange is in a position to implement the revised carry-forward system.
Farewell, the labour stable
A society which idolises white collar work, it is the ultimate profession. The software industry relishes the popular image of a programmer as a bespectacled nerd in arcane communication with his computer terminal. But these nerds aren’t the ivory tower kind. Last year they earned the software exports industry Rs. 675 crores making them everyone's favourite example of what an Indian professional ought to be. Expected revenue from exports for this fiscal year is Rs. 1,100 crores. Everybody expects the good times to roll on. The software industry makes money in four ways. Bodyshopping is the simplest.