Financial Daily from THE HINDU group of publications
Thursday, February 10, 2005
Financial Daily from THE HINDU group of publications Thursday, February 10, 2005 |
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INDUSTRY & ECONOMY OUTSOURCING Select municipal services in Orissa to be privatised THE Government of Orissa has decided to outsource, in a phased manner, select municipal services in the State such as garbage collection, sweeping and cleaning of roads, billing and solid waste disposal. A pilot project covering 14 wards under ... More ANTI-DUMPING Jayalalithaa seeks import duty hike on tapioca starch THE Tamil Nadu Government has asked the Centre to hike import duty on tapioca starch, sago and modified starch and exclude them from the Free Trade Agreement with Thailand. In a letter to the Prime Minister, Dr Manmohan Singh, the Chief ... More BUDGET `Raise personal I-T exemption bar to Rs 1 lakh' THE Tamilnadu Chamber of Commerce and Industry has sought an enhancement of the threshold exemption limit for personal income-tax from Rs 50,000 to Rs 1,00,000. In a pre-budget memorandum submitted to the Union Finance Minister, Mr P. ... More
AC, fridge units seek level-playing field ECONOMY `Manufacturing exports can touch $100 b mark' NEW DELHI: Manufacturing exports from the country can touch the $100 billion mark by 2008-09 from current level of $47 billion (2003-04) if accelerated efforts are taken to improve investment climate, productivity and orientation towards ... More
Himachal Plan size fixed at Rs 1,600 cr HEALTH Mobile hospital for AP rural areas launched THE Asian Institute of Gastroenterology (AIG) has launched a rural medicare aid project in the field of gastro diseases, which are widely prevalent in the country. With generous financial support (Rs 50 lakh) from Mr G. Pulla Reddy of the Pulla ... More
Vascular Concepts' stent undergoing clinical trials PETROLEUM 
Cabinet nod for Oil Ministry to negotiate gas pipelinesTHE Union Cabinet has authorised the Petroleum Ministry to negotiate directly with Iran, Pakistan, Bangladesh and other countries for facilitating the laying of transnational pipelines for import of natural gas to India. "It will significantly ... More
POWER Chamber concern over Bengal move for power duty hike THE Indian Chamber of Commerce, Calcutta, has expressed concern over the West Bengal Government's decision to increase the rate of electricity duty and withdraw exemptions on captive generation in the State. The chamber fears the electricity ... More
TAXATION Plea to rationalise tax on liquor in Kerala WHILE it is conceivable that the liquor trade should become one of the largest generators of revenue, State Governments must resist the temptation to overkill and cook their own goose. The tax-at-will policy will only adapt the trade to being ... More TYRES Tyre stocks on a roll as rubber price falls THE tyre stocks are attracting renewed attention from the market players for reported rise in demand and fall in input cost. According to Mr Gul Teckchandani, CIO of Sun F&C, natural rubber price has registered a fall of around 26 per cent in .. More WATER COAL Uncleared imported coal causes concern to Paradip port PARADIP Port Trust is mulling slapping a penalty on nearly two lakh tonnes of imported coal, both coking and non-coking varieties, lying uncleared within the port premises for more than 45 days. There are several importers, mostly traders, who ... More RADIO/TV Govt to revive radio via private sector: Minister THE Union Government plans to encourage the private sector in setting up radio stations in the country on a large scale. The requisite policy framework will soon be prepared, said Mr S. Jaipal Reddy, Union Information and Broadcasting ... More EDUCATION Career Launcher to expand base CAREER Launcher, a Delhi-based company with interest in the education business, is expanding its presence in the country and West Asia. It plans to cover 10 more cities to the 51 it is already present in, and raise the number of locations to ... More MEDICAL INSTITUTIONS & HOSPITALS CCEA clears Rs 829 cr for ICMR's 10th Plan programmes THE Cabinet Committee on Economic Affairs on Wednesday approved Rs 828.66 crore, which includes an expenditure of Rs 226 crore already incurred in the first two years of the Tenth Plan for the Indian Council of Medical Research's (ICMR) ... More
REAL ESTATE & CONSTRUCTION 
City buildersMigrant workers camping by the side of the National Highway Bypass near Chakka in the State capital. With construction activities picking up with the start of the dry season, the migrants, many of them with families in tow, have started arriving ... More INDUSTRY ASSOCIATIONS Shortage of revenue stamps in TN CHENNAI: The Southern India Chamber of Commerce and Industry (SICCI) has written to the Tamil Nadu Government, drawing its attention to a shortage of revenue stamps in post offices. In a letter to the Chief Secretary, a copy of which was ... More BIO-TECH & GENETICS 
Biotech policy likely next monthTHE Government is likely to announce a new biotechnology policy next month, which would provide a roadmap for development of biotechnology in the agriculture, food, drugs and pharmaceutical sectors. "The biotech policy draft is ready. We will ... More SCIENCE & TECHNOLOGY India to set up third station at Antarctica INDIA plans to set up a new station in Antarctica to be completed by 2007-08, the Minister of State for Science and Technology, Mr Kapil Sibal said. It would take "at least Rs 20 crore" to set up the new system, he added. "At present 18 ... More SMALL SAVINGS Bailout package to meet shortfall — New mechanism needed to enable EPFO to accept funds from Govt A NEW technical problem has cropped up in paying 9.5 per cent interest to the subscribers of Employees' Provident Fund Organisation (EPFO) for the current financial year since the EPF Act does not permit the organisation to accept funds from any ... More FOREIGN DIRECT INVESTMENT 
Policy on FDI in retail, realty soon: Kamal NathTHE Government on Wednesday said that it would finalise a policy on attracting foreign direct investment in the retail and realty sectors in the next two months. "We are examining various parameters. We should be able to come up with a policy ... More EVENTS 
`Selective sourcing to gain favour'SELECTIVE sourcing (or choosing particular IT projects a few at a time for outsourcing instead of giving a whole bunch out at one go) is the order of the day, according to Mr Robert McNeill, senior analyst, Forrester Research. In a ... More
Global eco-meet from Feb 19 at Thiruvananthapuram
Mumbai book fair
SOCIETY & DEVELOPMENT ENTREPRENEURSHIP 
Moving from dotcom to publishingAFTER his success with dotcom, Mr Badri Seshadri, one of the promoters of CricInfo.com — a cricket portal that merged with UK-based Wisden Online — has turned to publishing Tamil books. "We want to provide readers ... More INCOME TAX Cabinet clears second phase of Tax Information Network THE Union Cabinet has approved the setting up of phase-II of Tax Information Network (TIN) at an estimated expenditure of Rs 101.25 crore over three years. While the Government would pay Rs 68.75 crore towards the project, the balance amount ... More EXPORTS & IMPORTS Southern mills way ahead in raw sugar imports WITH domestic ex-factory sugar realisations ruling firm at Rs 16.50-17 a kg, processing of duty-free imported raw sugar has become a viable proposition for mills. While import of raw sugar stood at only 1.24 lakh tonnes (lt) during the 2002-03 ... More
Plea to hike import duty on edible oils NATURAL CALAMITIES OUTLOOK `Innovation critical for survival, say CEOs' `FAILURE to innovate' is identified as one of the top three risks facing business over the next three years, a survey by The Economist Intelligent Unit's CEO briefing, co-sponsored by Oracle, finds. Advances in technology are cited by 60 per ... More PEOPLE Kamlesh Vikamsey new ICAI President CHENNAI: Mr Kamlesh Shivji Vikamsey and Mr Mr T.N. Manoharan have been elected President and Vice-President respectively of the Institute of Chartered Accountants of India for the year 2005-06. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jan. 30-Feb. 5 `US benefits more from outsourcing' VAT panel yet to decide on purchase tax on foodgrains `Coalition politics has slowed reforms' — Lord Meghnad Desai, former professor, London School of Economics Severe Northern winter is in line with global pattern Airfreight sops for cardamom exports extended Govt divestment plans a positive step, say marketmen EPFO to study investment in equities BCCI an autonomous body, says SC Uncertainty over Indo-Pak series telecast rights Narcotics deadlock — Drug shortages hit epilepsy, anxiety post-operative care Paint cos may pass on input cost hikes to consumers GSPC goes all out to strike gas in third KG well Centre may take Rs 26,000-cr hit on finance panel proposals Govt sees Rs 9 lakh cr investments in power sector by 2012 AP: Medicines, cement, LPG to become cheaper on VAT `FDI reforms can pump $1-1.5 b into realty' Inflation declines on cheaper food, edible oils Nirma, Henko also to cost more Vegoil imports increase |
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