« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Slabs FY 2023-24 & AY 2024-25 (New & Old Regime Tax Rates)  How can Form 15G & Form 15H save TDS on interest income?  How are e-filing and e-payment of taxes different? Know details here  Income Tax return (ITR) filing 2024: What is Form 16, when is issue date and why is it crucial? Explained  Step-by-Step Guide To File Income Tax Return FY 2023-24  Income-tax filing: Should you file your returns in April or wait until July 31?  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues «  PAN deadline prompts demat closures... Now, industrial parks to provide I-T holiday... » North Block for selloff in Hind Zinc September, 20th 2006 To avoid a Balco-like situation, the finance ministry has mooted a proposal to sell the government's remaining shares in Hindustan Zinc to the public. A Cabinet note to this effect had been circulated and the Cabinet Committee on Economic Affairs was likely to take up the matter at its next meeting, official sources said. The government wants to sell its stake in the company before April, since after that, Sterlite, the strategic partner in Hindustan Zinc, can buy the stake through a call option. In the case of Balco, Sterlites use of the call option landed the government in a legal wrangle. The matter is now being heard by the Delhi High Court and the government has set up a secretarial panel to look into it. The government has a 29.53 per cent stake in Hindustan Zinc and going by the current price of about Rs 584 per share, it could mop up over Rs 7,200 crore.