Financial Daily from THE HINDU group of publications
Thursday, April 07, 2005
Financial Daily from THE HINDU group of publications Thursday, April 07, 2005 |
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INDUSTRY & ECONOMY NRIS 
Corporation Bank raises NRE, FCNR deposit ratesCORPORATION Bank has revised interest rates on NRE and FCNR deposits with effect from April 1. A bank release said here on Tuesday that interest rate on the NRE savings bank deposits stands increased from 2.80 per cent to 3.40 per ... More
ACCOUNTING STANDARDS ICAI issues draft note on `Accounting by Schools' THE Institute of Chartered Accountants of India (ICAI) has issued a draft guidance note on `Accounting by Schools' for public comment. A release issued by the ICAI held that the implementation of this Guidance Note would impart greater ... More ANTI-DUMPING Removal of dumping duty on chemical imports mooted THE Designated Authority in the Commerce Ministry has recommended the discontinuation of the definitive anti-dumping duty on imported hydroxyl amine sulphate (HAS) from the European Union, the US and Japan, after a mid-term review. In a recent ... More ENVIRONMENT It's an `explosive' issue for Sirumugai residents RESIDENTS of Sirumugai town, particularly those around SIV Industries (in liquidation), appear a restless lot these days. The reason is the liquefied carbon-di-sulphide (CS2) stored in the factory premises. Apprehending danger, NGOs, ... More FOREIGN TRADE FIEO signs MoU with Uzbekistan THE Federation of Indian Export Organisations (FIEO) has signed a memorandum of understanding (MoU) with the Chamber of Commerce and Industry of Uzbekistan. A release issued here by FIEO said the MoU has been signed to develop a better ... More HEALTH Terumo Penpol unveils updated version of blood bank software TERUMO Penpol, a joint venture of Terumo Corporation of Japan and Peninsula Polymers based here and specialising in the manufacture of blood bags and blood banking equipment, has introduced Portia 3.1, an enhanced version of its blood bank ... More HOTELS Hotels in Kerala to lift stocks directly THIRUVANANTHAPURAM: The Kerala Hotels and Restaurants Association has decided to procure essential items directly from across the State's border if the local traders continue with the strike against the implementation of Value-Added Tax ... More PETROLEUM To hedge risks on co-related products — Corporates likely to take part in crude futures MULTI Commodity Exchange (MCX) of India Ltd, yet to gain the confidence of the big oil companies, is expecting corporates of diverse industry backgrounds to participate in crude futures so as to hedge the risk involved in procuring commodities ... More
Oil firms seek hike in petro prices; Cabinet to decide PHARMACEUTICALS Meet to discuss pharma R&D fund utilisation HOW to make best use of the Rs 150-crore fund for undertaking research and development (R&D) in the drugs and pharmaceutical sector, which the Union Finance Minister, Mr P. Chidambaram, promised to further hike in phases in the Union Budget for . More
POWER Absence of contracts leading to coal shortage at power plants: CIL THE critically low coal reserves faced by a large number of thermal power plants in the country is a result of these plants' reluctance to sign a formal Fuel Supply Agreement (FSA) with Coal India Ltd (CIL) that the latter had been insisting upon ... More
TAXATION Consumers' purse in for a squeeze ONE week into the value added tax regime and prices are already on a rise. Among the first industries to pass on any increase in taxes, post-VAT, directly to the consumer appears to be the fast food and beverage segment, with several outlets ... More
NPIL sales hit by VAT, retailers' strike
Panel to meet State ST officials to discuss VAT
CMAI urges changes in VAT TEXTILES TN move to bring textile workers under wages Act irks mills THE Tamil Nadu Government's recent move to bring the textile workers under the wrap of minimum wages Act (MWA) has put the 1,600-strong textile mills in the State in a tizzy. An order issued by the Department of Labour and Employment dated ... More SSI Kerala SSI body warns of stir Kochi: The Kerala State Small Industries Association has threatened to go on an agitation if the anomalies in the rules and schedules pertaining to the VAT are not removed. The Association President, Mr Xavier Thomas Kondody, demanded ... More EDUCATION Polaris, IFMR to offer PG programme in financial technology POLARIS Software Labs and the Institute of Financial Management and Research (IFMR) on Wednesday announced the launch of a three-year post-graduate diploma programme in financial technology. The software company would bring in faculty with ... More
Singapore institute builds $21-m campus for global students REAL ESTATE & CONSTRUCTION FDI in realty can usher innovative technology, funding options As per the Tenth Five year Plan estimates and with the continuance of the `two million housing programme,' the housing sector's investment requirement would be $155 billion. More PAPER, BOARD & NEWSPRINT Paper traders express concern over price hikes FEDERATION of Paper Traders Association of India (FPTAI) has expressed its concern and anguish over the raising of prices by paper mills on different varieties of paper coinciding with the introduction of four per cent VAT on paper and paperboard ... More INDUSTRY ASSOCIATIONS `Rationalisation of procedures has cut transaction costs' ON account of rationalisation of complex procedures by the Ministry of Commerce and Industry, the transaction costs for textiles, garments, engineering, pharmaceuticals, computer software and chemicals have decreased since 2000, the Associated ... More HANDLOOM `Promote handlooms in apparel parks' THE Government should take specific steps to reserve 30-40 per cent for handlooms in the several apparel parks coming up in the State, as otherwise there will be no positive impact on the lives of long-suffering weavers, according to Mr G. ... More MINING & QUARRYING Mines Dept mops up Rs 3.22 cr in Udupi, Dakshina Kannada THE Department of Mines and Geology collected revenue of Rs 3.22 crore in Dakshina Kannada and Udupi districts during 2004-05 compared to Rs 2.07 crore collected during the previous financial year. Addressing presspersons here on Wednesday, Mr ... More CINEMA China, India plan to co-operate in films WHEN Chinese Premier Mr Wen Jiabao visits India it's not just going to be trade or defence talk. The two countries would also be looking at joint initiatives in the films sector. According to Government sources, the two countries may sign an ... More IPR Expert group on patent law issues THE Government has constituted a Technical Expert Group to study certain patent law issues. The five-member committee is headed by Dr R.A. Mashelkar, Director General of the Council of Scientific and Industrial Research (CSIR). The other members ... More INDUSTRIAL POLICY Fapcci plea on sick units THE Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) has asked the Government to put in place efficient and pragmatic delivery mechanism in order to achieve growth targets. Welcoming the industrial investment promotion ... More
`TN industrial policy ensures structured aid' EVENTS 
Dream global, Narayana Murthy tells media honchosDREAM big, dream global and focus on quality, corporatisation and corporate governance. This was the thrust of what Mr N. R. Narayana Murthy, Chief Mentor, Infosys Technologies Ltd, had to tell the Indian media and entertainment industry at the ... More
Jung group mulls media event in Pakistan on lines of Frames
Kalam to open Global meet on project management next week
Skill upgradation scheme in Madurai
CII-Kerala session on credit rating INCOME TAX Aztec Software gets Rs 9.15 cr I-T notice AZTEC Software has received a notice from the income-tax authorities for payment of Rs 9.15 crore as taxes under the Income-Tax Act, 1961 due to the adjustments made to the company's transfer pricing under Section 92C of the I-T Act for the ... More
Re-opening of I-T assessments — Seafood industry threatens to suspend purchase, production EXPORTS & IMPORTS US households swell Indian exporters' kitty Of the $15.5 billion worth of Indian goods imported into the US last year, goods valued over $10.5 billion were `tailored' to the needs of US householders. More
Vegoil imports down to 2.48 lakh tonnes in March NATURAL CALAMITIES $450-m IDA credit for TN likely soon THE World Bank is in talks with the Centre and the Tamil Nadu Government for finalising a $450-million International Development Association (IDA) credit for emergency reconstruction of properties hit by the tsunami, Mr Michael F. Carter, Country ... More TOURISM Kannan Devan plans Munnar tourism foray TOURISM in the tea town of Munnar is in for a major changeover. With a view to showcasing the legacy, traditions, sights and flavours of South Indian plantations, the Kannan Devan Hills Plantations Company plans to enter the tourism map of ... More
Kovalam to be spruced up ECONOMIC OFFENCES 3 held in Spectrum Power case HYDERABAD: The former Vice-Chairman and Managing Director of Spectrum Power Generation Ltd (SPGL), Mr M. Kishan Rao, and two of its former directors, Mr Raghuveer and Mr M. Subramanayam, were on Wednesday arrested by the General Offences ... More PEOPLE CII-AP office-bearers HYDERABAD: Mr Mahendra Kumar Patodia, Director, GTN Textiles Ltd, is the new Chairman of the Confederation of Indian Industry (CII), Andhra Pradesh, for 2005-06. Dr G. Vivekanand, Managing Director, Visakha Industries Ltd, is the ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Mar. 27-Apr. 2 Pharma cos bet big on supplements Govt yet to finalise new subsidy methodology — Fertiliser industry unable to tie up phosphoric acid supplies 72-hr trade bandh called in Bengal from tomorrow Shipping industry in a tizzy over service tax Coal India-NLC combine plans large thermal power projects China January textile, clothing exports to US up 65 pc in value Vivek Oberoi returns `inappropriate' award Arcelor forges ahead on new steel capacity in India — Move follows output cut in Europe by 1 mt Used market expected to outpace new car market Cashew exports set to cross Rs 2,600 cr Shareholders angry over BPCL-Kochi Refineries merger swap ratio External debt rises to $120.9 b Business community prepared to accept VAT: Assocham Rubber imports may come down under VAT regime |
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