Financial Daily from THE HINDU group of publications
Saturday, March 12, 2005
Financial Daily from THE HINDU group of publications Saturday, March 12, 2005 |
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INDUSTRY & ECONOMY BUDGET Industry happy with `growth-oriented' budget in Karnataka THE Chairman of the Confederation of Indian Industry (CII) for Karnataka, Mr K.K. Swamy, has congratulated the Finance Minister, Mr Siddaramaiah, for presenting a development-led budget. "We are happy that it is a growth-oriented budget," Mr ... More COURTS/LEGAL ISSUES Property mortgaged against loan — HC stays auctioning by Tax Recovery Officer THE Madras High Court has granted interim stay of a notice issued by the Tax Recovery Officer XXI, Chennai, for auctioning a property which had been mortgaged in favour of a finance company against a loan granted to a business firm. India ... More ECONOMY 
RBI chief sees lower inflationTHE Reserve Bank of India Governor, Dr Y.V. Reddy, on Friday said he expects inflation to be lower than the earlier estimate of 6.5 per cent by end of this fiscal. Dr Reddy said economic growth for the year would be higher than RBI's earlier ... More
Industry grows 8% in Jan
UNIDO chief calls for more focus on manufacturing sector ENVIRONMENT Call for uniform diesel emission norms THE European Association of Internal Combustion Engine Manufacturers (Euromot) has urged decision makers in New Delhi to align diesel emission regulations closer to the European standard. It said that a uniform emission regulation is beneficial ... More
Halon production phased out: Minister
FOREIGN TRADE 
Call for positioning TN in Indo-US trade tiesAN innovative entrepreneurial mindset with focus on quality and cost can fetch for Tamil Nadu a most beneficial bilateral trade experience with the US. It should draw upon its strength and think big while doing the business with due homework ... More HEALTH 
Emcure launches first 3-in-1 AIDS pill for kidsTHE three-in-one AIDS drug for adult HIV/AIDS patients was developed in India. And now a similar combination drug for children is also being launched by an Indian company — the Pune-based Emcure Pharmaceuticals Ltd to be precise. In a ... More PETROLEUM GAIL strikes jt venture deal with Syrian co GAIL (India) Ltd has qualified to set up a joint venture company with Syrian Company for Distribution of Gaz for city gas distribution projects in Syria. The company has qualified to move into the next round of bidding from among the 23 ... More
`Govt has noted US concern over investment in Iran'
Intl refiner award for Reliance POWER BHEL R&D initiatives start paying off — To market software for power stations with TCS THE Corporate Research and Development of BHEL and TCS are working out a joint marketing initiative to promote `Power Pack', a software that helps in asset management of power stations. Power Pack is ready to be implemented in the proposed ... More
Uproar in AP Assembly over mini-hydel project again STEEL APMDC, Chennai co to tap iron ore in Prakasam dist THE Andhra Pradesh Mineral Development Corporation Ltd (APMDC) has signed a memorandum of understanding with Gimpex Ltd of Chennai to tap low-grade iron ore deposits in Prakasam district. The deposits, located at Konijedu and Marlapadu ... More TAXATION `VAT will help in revenue growth' THE Value-Added Tax (VAT) system, to be implemented from April 1 this year, is a simple and transparent tax, said Mr V. Somasundaran, Commissioner-Commercial Taxes, Government of Kerala. Speaking at an interactive session on `implementation ... More
TN chamber urges implementation in line with Kerala model
TN seeks `full compensation' to move to VAT
Kanara Chambers welcome move to introduce VAT
ICFAI clarifies on Service Tax RADIO/TV Kerala CM's `meet the public' on TV THIRUVANANTHAPURAM: The Kerala Chief Minister, Mr Oommen Chandy, will respond to complaints from members of the public on a new television programme to be telecast on Doordarshan Thiruvananthapuram, says an official press release. The first ... More MEDICAL INSTITUTIONS & HOSPITALS `Apollo Clinic' in Mumbai soon REAL estate costs have always been a nightmare in Mumbai, especially for companies with retail plans. But in a second coming of sorts, `The Apollo Clinic', a retail network of clinics from the Apollo Hospitals Group (AHG), expects to set shop ... More REAL ESTATE & CONSTRUCTION Retailers propose real estate mutual fund INDIA may soon have a new genre of mutual funds, if the efforts uncorked by the Retailers Association of India (RAI) succeed. Instead of the equity market, the proposed fund would be investing in real estate development for the retail ... More
Sika to promote usage of chemicals in construction
IDEB Construction keen to partner foreign cos
Seminar for architects in Visakhapatnam PAPER, BOARD & NEWSPRINT Newsprint prices to go up by Rs 1,000 a tonne FOLLOWING the footsteps of manufacturers of writing and printing paper, domestic newsprint makers have decided to raise standard newsprint prices by at least Rs 1,000 a tonne from April 2005. The move to revise prices has been ratified by the ... More PAINTS Firm crude price may dim paint stocks PAINT stocks are firm, but unlike other beneficiaries of boom in real estate, housing, automotive sectors, these do not seem that colourful. Leader of the pack Asian Paints, which made its 52-week high, today finished a shade below. The Berger ... More SMALL SAVINGS A cruel change in the name of `global practice' Mr Chidambaram is probably unaware that provident fund is the lone corpus on which retired old men and women live and if that gets pruned they will find living tortuous. More EVENTS `Vast opportunities in service sector' ``RESEARCH work in India should focus more on the prevailing problems in the primary education and healthcare sector,'' said Mr Anand Sharma, Member of Parliament, while inaugurating a two-day international conference on `Services management'. ... More
INCOME TAX Notional disallowance a better bet? HINTING at a possible distortion in employer-employee relations, if the proposed fringe benefits tax is brought into play, direct tax experts here feel it may be a much better idea to make notional disallowance under the old sections 37(2) to ... More TOURISM 
Aralam eco-tour project gears for holiday seasonThe Aralam project, which is about 55 km from Kannur town, is managed by the local tribal community with support from the Forest Department. More ECONOMIC OFFENCES Education, code of conduct to beat corruption stressed CORRUPTION is one of the worst enemies of democracy, as it takes away from the poor the most. And one of the ways in which the menace can be tackled is through education and a code of conduct. Making a presentation on `Good governance for ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus BHEL Disinvestment The Yuan Revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Feb. 27-Mar. 5 UP, Bihar get 30 pc of tax devolutions Gold retail investment demand remains strong Cotton yarn exports begin to dip as made-ups make headway Drug cos hope to cash in on anti-tobacco drives Sharp fall in LPG demand upsets refiners' plans Real estate sector cries foul Centre's market borrowings may rise 68 pc next fiscal Corporate income-tax — A mix of lower tax shelters & rates A recast of personal taxation Law soon to allow banks to issue pref shares Tax savings: Choices galore Exporters not enthused by Budget plans Experts seek rollback of cash withdrawal tax Fringe tax to bite deeper into smaller IT cos `In the right direction for hardware sector' Partnership firms will have to file I-T returns Coal stock position `super critical' at 8 thermal stations Service tax exemption on forex payments to go The logic of tax on fringe benefits, savings TN zone export units' turnover to cross Rs 5,000 cr TN trade, industry bodies want quick shift to VAT Fringe benefit still gives drug industry the chill Software exports from TN to touch Rs 10,000 cr |
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