INDUSTRY & ECONOMY
PENSION PLANS
`Reinventing EPFO'
THIRUVANANTHAPURAM: The Central Provident Fund Commissioner, Mr Ajai Singh, will inaugurate the `Reinventing Employees Provident Fund Organisation (EPFO) India' at a function here at the EPFO Regional Office on Monday. An official said ...
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BUDGET
Open-ended tax exemptions to go — All waivers to have specified sunset clause
THE Finance Ministry has decided to put an end to the regime of `open-ended' tax exemptions. The Ministry has already initiated, as a part of the 2004-05 Budget exercise, a process of putting all direct and indirect tax exemptions under the ...
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Pre-Budget meeting — MF captains suggest 401K-type option for salaried class
THE mutual fund industry is seeking to expand its product base by introducing schemes where investors can choose to divert part of their salaries for investments in mutual funds. This was one of the suggestions made to the Finance Minister, Mr P. ...
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Hindustan Chamber of Commerce moots proposals to boost core investment
THE Hindustan Chamber of Commerce has suggested a wide range of macro- and micro-level changes in its pre-budget memorandum. To encourage investments in infrastructure, it has made a plea for 50 per cent of the investments to be allowed as ...
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CEMENT
Tax exemptions — Ailing cement units on acquisition radar
AILING cement companies are in vogue. In a bid to take advantage of the tax shelter accorded to loss-making units, bigger manufacturers are increasingly eyeing them as prime takeover targets. Over the past few years, there have been several ...
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ECONOMY
Kerala memorandum to Centre lists steps for fiscal revival
THE State Government has submitted a memorandum to the Centre with a list of demands for the economic revival of the State. The memorandum seeks the Union Government's support for improving the overall financial health of the State and also ...
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AP Govt should take up `quality borrowing'
THE newly appointed Advisor to the Andhra Pradesh Government and Chairman of the Visu Group of Companies, Mr C.C. Reddy, suggested the new government take `quality borrowing' as cornerstone in policies towards foreign funds. The advisor on ...
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HEALTH
Singapore zeroes in on India to sell quality healthcare
YELLOW postcards pinned up at the entrance of Tan Tock Seng Hospital speak silently of SARS, a recent challenge faced by Singapore's healthcare institutions. But for the city-state's public and private hospitals, getting a grip on the ...
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Health education drive in Alappuzha dt
THIRUVANANTHAPURAM: A multimedia health education campaign will be launched in Panavally grama panchayat in Alappuzha district on Monday. An official spokesman said here that the five-day campaign would be held under the joint auspices ...
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POWER
AP Govt to get Rs 1,234-cr aid for rural electrification
IMPRESSED with the significant steps initiated by the Andhra Pradesh Government in emphasising and energising the rural areas by rapid electrification for improving the economic conditions, the Rural Electrification Corporation (REC) has agreed ...
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Plan panel opposes `back-door' guarantees to pvt power projects
THE Planning Commission has strongly opposed the Power Ministry's proposal to secure payment for power sold by new private power generation projects to bankrupt State electricity boards (SEB). The commission has written to the Power Ministry ...
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Indo-Pak talks on J&K power project
A DELEGATION led by Mr Ashfaq Mehmood, Secretary, Water and Power, Government of Pakistan, is arriving here on Monday to hold secretary-level talks on the Baglihar Hydro-Electric Project in Jammu & Kashmir. The talks will be held on June 21 ...
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TAXATION
FIEO seeks exemptions in VAT regime
WHILE welcoming the Government's move to introduce a value-added tax (VAT) regime, the Federation of Indian Export Organisations (FIEO) has sought exemptions for those merchants and manufacturers who are primarily exporters. The Confederation ...
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TEXTILES
Powerlooms: Move to scrap Cenvat duty may put Govt in a spot
RAISING revenue through the Central excise duty out of the textile sector may continue to bristle with problems irrespective of whether the `unbroken' Cenvat duty chain for the sector is in place or not. This is because the issue before those ...
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RADIO/TV
TRAI promises action on overcharging by Mumbai cable operators
DESPITE the Telecom Regulatory Authority of India (TRAI) order to freeze cable rates at December 26, 2003 level irrespective of the implementation of conditional access system (CAS), consumer organisations on Saturday appealed for the need to ...
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REAL ESTATE & CONSTRUCTION
Real estate activity spurts in Chennai
ASTRON BPO, a large UK-based business processing outsourcing firm and part of the Astron Group, is expanding its operations in India. Adding to the spate of real estate activity in the city, Astron has taken up 57,000 sq ft of office space at ...
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INDUSTRY ASSOCIATIONS
Chamber plea to relax ESOP norms for IT cos
INDIA Inc has urged the Government to adopt a more liberalised policy for the information technology (IT) companies for issuing Employees Stock Options (ESOPs). As per Finance Ministry guidelines, an Indian company cannot issue American ...
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EVENTS
Training on public speech at Musheerabad
HYDERABAD: The training division of MediaJunction, a city based news tracking and reporting agency, has announced that it would organise a five-day training programme on `how to speak well in public and impress the audience' from June ...
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Engagements
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