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Monday, February 28, 2005

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INDUSTRY & ECONOMY

NRIS


NRI body wants proposal to tax interest on NRE, FCNR deposits withdrawn
A NRI welfare organisation in the UAE has requested the Finance Minister, Mr P. Chidambaram, to withdraw the proposal to tax interest on NRE and FCNR deposits and has suggested a series of NRI-related measures for consideration in the upcoming ... More

BUDGET


Budget could fuel an investment boom
THOUGH the shadow of Bihar elections will hang heavy over Parliament tomorrow, industry and corporate circles are expecting that the second budget of the Manmohan Singh Government will drive investment, create an enabling environment for industry ... More

ECONOMY


Right size, composition of Govt spending key to public finance revamp: Panel
THE 12th Finance Commission has stated that getting the right size and composition of Government expenditure to ensure the highest attainable growth rates and meeting the Government's social obligations should be considered integral to any plan ... More

HOTELS


Hyderabad hotels upbeat on record occupancy rate
THE hospitality industry in Hyderabad is upbeat with average occupancies touching an all-time high of 80 per cent in the last few months, as the city emerged as a major MICE (Meetings, Incentives, Conferences and Expos) centre. The demand for ... More

INFRASTRUCTURE


Kinfra to set up industrial park in Kasaragode
THE Kerala Industrial Infrastructure Development Corporation (Kinfra) is setting up a small-industries park at Seethangoli in Kasaragode district. The Chief Minister, Mr Oommen Chandy, will inaugurate the park on March 7, says an official ... More

YSR unveils project outlay for East Godavari
THE State Government will spend Rs 40 crore of the loan obtained from World Bankon development of Kakinada over the next three years and besides that there will be separate schemes for improving civic amenities in the town, recently upgraded to a ... More

PETROLEUM


Sharp fall in LPG demand upsets refiners' plans
A sudden dip in liquefied petroleum gas (LPG) demand in the country has upset the calculations of domestic refiners. The refiners were betting on the demand growing at 12 per cent to 15 per cent annually, but they had to sell the contracted ... More

POWER


KPTCL reaches milestone
BANGALORE: Karnataka Power Transmission Corporation Ltd reached a milestone at the Bellary Thermal Power Station when it lifted its boiler drum and erected it at 72 m height, at an all-time new benchmark of 14 months for the milestone, ... More

TAXATION


The amusing case of service tax lingo
IT is very likely that more services get into the tax net today. As a result, there're going to be more disputes too between the taxpayers and the Government, to serve well perhaps the legal community. Recently, the Chennai CESTAT (Customs, ... More

TEXTILES


`Textile sector must stitch its own brands'
THE garment industry in Tamil Nadu, which manufactures for some of the leading brands in the world, should build its own brands, said Mr A. Elangovan, Tamil Nadu Textiles Secretary. Addressing a seminar on `Globalisation: Technical challenges ... More

RAILWAY BUDGET


AP Chambers welcome Railway Budget
They were particularly impressed by the proposed reforms by the Railways, welcoming private investments in freight management. The Federation of Indian Chambers of Commerce and Industry (FICCI - AP) described the reforms as innovative. ... More

RADIO/TV


Catch a piece of the action in DTH segment
ACTION seems to be hotting up in the direct-to-home broadcasting (DTH) segment. Even as the Tata-Star Group joint venture is awaiting final approval from the Government, the Subhash Chandra-promoted Dish TV and Prasar Bharati's DD Direct Plus are ... More

REAL ESTATE & CONSTRUCTION


Integrated township coming up in Bangalore
BANGALORE: Two leading real estate companies announced the launch of new projects, which they claimed were unique in the city. Prestige Estates Projects (P) Ltd, would be developing a fully integrated township on a 105-acre area in the new ... More

Karnataka Housing Board unveils 100 projects
THE Karnataka Housing Board (KHB) has launched 100 housing projects in the State, according to Mr Laxminarayan, KHB Housing Commissioner. Of these projects, 53 are in the final stage of completion. Addressing presspersons here on Saturday, he ... More

Prime Textiles plans housing project in Tirupur
THE Tirupur-based Prime Textiles Ltd is launching a mega commercial-cum-housing property development project in the hosiery town. The company has chalked a Rs 150-crore investment outlay for the luxury residential flats and commercial enclave ... More

EVENTS


Fair crowd looks for Opportunities
THE momentum remained unabated with freshers and experienced job seekers pouring in large numbers at The Hindu Opportunities Fair. At the end of day two on Sunday, the number of registrations stood at 35,000. Job seekers started to queue ... More

  • Engagements

    EXPORTS & IMPORTS


    EEPC wants monthly refunds for exporters under VAT regime
    THE Engineering Export Promotion Council has expressed concern over the procedural delay exporters would face in obtaining refund of value-added-tax on export goods under the proposed VAT regime. Addressing reporters here, the Council Chairman, ... More

    FIEO expects clarifications on DEPB benefits
    THE exporting community, seeking a hassle-free environment to double exports to $150 billion in the next five years, is hopeful of a favourable response from the Government in the forthcoming Budget to its repeated demand for clarifications on ... More

    TOURISM


    Capacity building programme in AP
    HYDERABAD: About 250 auto, taxi drivers from the twin cities have some advice from leading etiquette expert, Mr Rummy Sharma and on first aid from Dr Vidyut Kumar. At a capacity building programme organised by the Union Ministry of Tourism ... More


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    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Feb. 20-Feb. 26
    Traditional items propel high export growth in H1

    Unanimity over oilseeds import still eluding industry

    Chemists to restock psychotropic drugs after Govt assurance

    NCAER business confidence index rises again

    CCTL workers' strike threat — Shippers worried about cargo pile-up

    A case for Govt to hike Customs duty on gold

    Domestic firms await USFDA decision on arthritis drugs — Green signal could lead to reintroduction of rofecoxib

    Chilli leads spices export surge

    Desi crude futures flare up

    Consumer goods sector wary of VAT regime

    Why should services be exempt from tax?

    Leather stocks shine on FDI hopes

    `Indian mid-cap firms most resilient to Chinese competition'

    ... And now, ICT tests to qualify for US colleges

    TRAI issues consultation paper on terrestrial broadcasting

    Automobile production may cross 10 m in 2 years


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