Financial Daily from THE HINDU group of publications
Friday, March 18, 2005

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`Employment schemes can help check distress migration'
THE Planning Commission Member, Prof Abhijit Sen, said that employment generation schemes are helpful in arresting distress migration of people from rural to urban areas and the proposed National Employment Guarantee Act would also have a similar ... More


  • Remitting of attestation fees


    Wind power body seeks restoration of turbine generators under TUFS
    THE Indian Wind Power Association, a representative body of those who have put up wind turbines, has urged the Textile Ministry to permit wind turbine generators to be installed under the Technology Upgradation Fund (TUF) for the textile ... More


    Dumping duty on poultry feed vitamin may go
    THE anti-dumping duty on the vitamin used as an ingredient in poultry feed is set to go. The Designated Authority in the Commerce Ministry has recommended that the definitive duty imposed on imported Vitamin AB2D3K from the European Union, the US ... More


    Goa Budget proposes no fresh levies
    THE 2005-06 Goa Budget presented in Parliament proposes no fresh levies but leaves an overall surplus estimated at Rs 104.64 crore with the Union Finance Minister, Mr P. Chidambaram, seeking a "vote on account" for the first five months of the ... More


    Cabinet nod for SAARC pact on customs
    THE Union Cabinet has given its nod for signing the SAARC Agreement on Mutual Administrative Assistance in customs matters. An official release said that this agreement would help in obtaining reliable, quick and cost-effective information ... More


    India-Japan bilateral trade must be FDI-based, says Kamal Nath
    THE Minister of Commerce and Industry, Mr Kamal Nath, today said the emphasis of India-Japan bilateral trade should be foreign direct investment-based and not official development assistance (ODA)-based. "India is one of the largest ODA ... More

    Cabinet nod to ink PTA annexes with Latam trading bloc
    THE Union Cabinet on Wednesday approved the signing of five `Annexes' of the Preferential Trade Agreement (PTA) with MERCOSUR, a trading bloc in Latin America. The signing of the annexes would pave the way to implement the PTA, which is the ... More


    Rallying the fighting spirit
    For 25 years now, Shanthi Ranganathan has given solid support and succour to those battling alcoholism and substance abuse. More

    FDA to put more baby products under scanner
    IT may have come as a shock to parents across the country when the Maharashtra Food and Drug Administration (FDA) asked Johnson & Johnson to drop the mention of "baby" from its products meant for infants. But J&J's baby products could be just More

    J&J to state its position soon
    "OUR first responsibility is to doctors, mothers, fathers and all others who use our products and we are separately taking a series of steps to reassure them about the quality and safety of our products," Mr N.K. Ambwani, Managing ... More

    ISRO, hospitals bet big on telemedicine
    TELEMEDICINE in the country is poised for a big leap with various stakeholders and service providers multiplying their efforts in e-health for rural and remote areas. Speakers at the inauguration of ISRO-led telemedicine conference, ... More

    FedEx launches eye campaign with ORBIS
    CARGO airline FedEx Express, along with flying eye hospital ORBIS, on Thursday launched an eye health campaign to focus on the threat of blindness and delivering sight to the visually challenged. Their programme, which is dedicated to corneal ... More

    Metropolis Health Services to set up pathlabs overseas
    WITH a domestic pathlab (pathology laboratory) network almost in place, Metropolis Health Services India Pvt Ltd expects to soon set foot in Sri Lanka (Colombo), East Africa (Nairobi) and West Asia (Dubai). And the company is talking to local and ... More


    Reliance refining margins rise as light, heavy crude prices diverge
    THE price variation between `heavy' and `light' crude which continues in the $8-$10 range in the international market - with the former being the cheaper variety — has helped Reliance Industries Ltd secure, in the current year, better ... More

    Secretaries panel takes up oil, gas sector Regulatory Board Bill
    THE Petroleum and Natural Gas Regulatory Board Bill had been taken up for discussions by a Committee of Secretaries (CoS) here to deliberate on some of the contentious issues raised by the oil and gas companies, and the other Central ... More


    Feather-derived plastic!
    IF any one thought that chicken feathers are mere waste, think again. That's because soon you could commercially have plastic derived from feathers of chicken. Scientists of the Agricultural Research Service, an arm of the US Department of ... More


    Maharashtra to borrow Rs 500 cr to boost power supply
    THE Maharashtra Energy Minister, Mr Dilip Walse-Patil, said on Thursday that the State will improve the availability of power and will terminate the practice of load shedding in the next five years. Making a statement in the State legislature ... More

    Essar Power owes Rs 1,200 cr to Gujarat Electricity Board: Panel
    AN internal committee of the Gujarat Government has assessed that the Gujarat Electricity Board (GEB) is entitled to recover Rs 1,200 crore from Essar Power. This represents, in the committee's view, the sum that the latter owes to the GEB ... More

    `India lags in tapping hydropower potential'
    HYDERABAD: India could tap just 18 per cent of an estimated 1,50,000 MW potential of hydropower. Keeping in view the growing mismatch between thermal power and hydropower, the Government started focusing on the latter source. "The ... More

    KSEB moves to generate 342 mu additional power
    THE Kerala State Electricity Board (KSEB) has targeted additional generation of 342.14 million units in 2005-06, according to Mr Aryadan Muhammed, Minister for Electricity. He said in a statement in the State Assembly on Thursday that besides ... More


    Revised Rly demurrage rates may affect SAIL
    THE recent upward revision of demurrage rates and the reduction in free time for wagons by the Railways has dealt a serious blow to the public sector Steel Authority of India Ltd (SAIL). According to one estimate, SAIL may be required to cough ... More


    Chidambaram promises `good news' on cash withdrawal tax
    THE Finance Minister, Mr P. Chidambaram, on Thursday hinted at a softening of the Budget proposal to impose 0.1 per cent tax on bank cash withdrawals of Rs 10,000 and more in a single day. "The tax (Banking Cash Transaction Tax) is not being ... More

    Cash withdrawal tax clause: Govt adding to its tax burden?
    The much slammed Banking Cash Transaction Tax (BCTT) seems to have thrown up a whole new dimension, which questions the efficacy of the existing Government machinery to check black money transactions. Direct tax experts feel that the Finance ... More

    No such thing as free lunch
    All items covered by FBT will be affected either by VAT or service tax, which cannot be treated as input tax. In such a case, if no benefit is given for deducting VAT or service tax on these items covered by FBT, it would be tantamount to double taxa tion. More

    Chemists, druggists on strike for single-point levy of VAT
    DESPITE assurance from the State Government that traders would be paid back the extra tax remitted in the pre-VAT regime, chemists and druggists in the State Capital observed a bandh today demanding single point levy of VAT (value-added tax) on ... More


    Textile exports may breach $70-b mark by 2014: Study
    THE Indian textile industry has the potential to breach the $70-billion mark in exports by 2014, according to the Exim Bank's latest study titled `Textile exports: Post-MFA scenario — Opportunities and challenges'. Following the phasing ... More

    Textile exporters call for review of duty drawback scheme
    TEXTILE exporters coming under the organised industry have called for reverting to value-based duty drawback structure, which prevailed prior to January19, in the scheme of reimbursement of duty incidences under the all-industry duty drawback ... More


    CII plans cluster projects to help out SMEs
    IN an attempt to help the small and medium Enterprises (SMEs) improve their competitiveness by reducing cost and by upgrading technology, the Confederation of Indian Industry has planned to establish 100 clusters across the country, of which five ... More


    Truck, bus tyre production up year-on-year in Jan
    TRUCK and bus tyre production continued to be on a roll in January 2005 if one were to go by the latest production data released by the Automotive Tyre Manufacturers' Association (ATMA). For January, the production performance in the truck and ... More


    PTC to offer coal intermediation services
    PTC India Ltd (formerly Power Trading Corporation of India Ltd) will shortly begin offering coal intermediation services. That is, it will buy coal from various sources, including from overseas markets, and offer it to coal-based power ... More


    Govt may jam hostile propaganda through media — Monitoring body to come under Home Ministry
    THE Home Ministry jammers are likely to be activated to put an end to hostile television and radio broadcasts. To have a more effective screening of propaganda against the national interest, the Government has decided to move the Central ... More

    TDSAT asks Govt to finalise FM radio norms by April 26
    THE Telecom Disputes Settlement Appellate Tribunal (TDSAT) has asked the Government to come up with its views on FM radio by April 26. A three-judge Bench, which was hearing a petition filed by a group of FM radio broadcasters, including Radio ... More


  • TKM College Alumni association


    What's the alternative?
    An NGO in Japan rediscovers the goodness of a millet-based Japanese diet... the secret formula for a healthy, long life. More


    IT's good bet for realtors across cities
    CASH-RICH real estate and construction majors are setting up IT parks across the country on the scale of mass housing. Such is their optimism based on Nasscom projections that properties are being developed regardless of whether there is ... More

    Sobha group plans to build mega mall in Bangalore
    THE Rs 1,000- crore Sobha group, which specialises in commercial, residential and office projects, has announced its foray into retail infrastructure development with a proposal to set up `Sobha Global Mall' in the city. The complex is to be ... More


    PHDCCI celebrates hundred years
    THE Prime Minister, Dr Manmohan Singh, will inaugurate on March 21 the centennial celebrations of the PHD Chamber of Commerce and Industry. The chamber, which was set up in 1905, has planned a series of business and social events during the ... More

    FICCI calls for tighter discipline in farm support measures
    THE Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the G-20 Ministers meeting here on March 18-19 to put the Green Box and Blue Box farm support measures under tighter discipline. The industry body, in a release, has ... More


    Tirupur knitwear units bullish on April-Sept shipments
    THE job-working knitwear manufacturing units in the hosiery town of Tirupur are bullish on April-September 2005 work orders from garment exporters. They anticipate the quota-free textile regime during this period will bring in 30 per cent growth ... More


    Legal training programme for women entrepreneurs
    MADURAI: The Manonmanian Sundaranar University (MSU) would organise a comprehensive three-day training programme for women entrepreneurs of self-help groups in the districts of Tirunelveli, Kanyakumari and Tuticorin on personality ... More


  • BSNL staff stage hunger strike in Thiruvananthapuram


    Meet on translational research from tomorrow
    TAKING the results of basic research from the laboratory to the patients in the shortest period, especially in the medical field, will be the focus of the first, two-day, annual international conference on translational research beginning here ... More

  • SBT leadership camp


    India Inc wants fringe benefit tax deferred
    A SECTION of Corporate India on Thursday suggested that fringe benefit tax (FBT) be considered at the time of the introduction of the simplified Income Tax Bill. The FBT provisions are currently part of the Finance Bill 2005. The Finance ... More


    Proposals to amend Money Laundering Act approved
    THE Union Cabinet has approved proposals to amend the Prevention of Money Laundering Act (PMLA). A bill for this purpose would be introduced in the current session of Parliament. Besides setting up an Adjudicating Authority and Appellate ... More


  • Doctor duo bags award

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    Top Stories
    Lodha elected to Birla Corp board

    PTC to offer coal intermediation services

    Insurance hits high tide in March

    Reliance refining margins rise as light, heavy crude prices diverge

    Truck, bus tyre production up year-on-year in Jan

    IT's good bet for realtors across cities

    Budget: Illusory gains for pensioners

    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
    Mar. 6-Mar. 12
    `Growth in services will drive manufacturing sector'

    Chidambaram says no to withdrawal of service tax on forex payments

    NPCIL's first 540 MW generation unit ready

    Budget 2005-06: Stage-managed humaneness

    Ladies garments top apparel exports

    Refiners not ready to supply BS-II diesel from April 1 — Auto industry worried that new vehicle norms deadline may change

    Asia to fuel auto demand, says KPMG survey

    Financiers upbeat on used car loans

    `Get products with chilli checked for banned dye before exports'

    PFC, French co, UN eyeing rural electrification pie

    Higher VAT exemption cap may mean lower Central compensation

    Newsprint prices to go up by Rs 1,000 a tonne

    Retailers propose real estate mutual fund

    Notional disallowance a better bet?

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