The Hindu Business Line : Thursday, June 02, 2005

AP: CM's fiat to expedite Tech Mission plan
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has pointed out that there has been no progress in the establishment of the AP Technology Mission. He urged officials to speed up the process. The State Planning Board should also formulate a ... More

HOTELS

Chordia group opens four-star hotel in Pune
CHORDIA group, engaged in garment exports, engineering, construction and hospitality, will celebrate its silver jubilee year by strengthening its base in hospitality business - it has unveiled its second property, Hotel Ambience Excellency. ... More

PETROLEUM

National response plan for reducing energy intensity on cards: Aiyar
THE Minister for Petroleum and Natural Gas, Mr Mani Shankar Aiyar, has pledged to formulate a national response plan for reducing the unsustainably high energy intensity in the domestic economy and achieving energy-efficiency through a ... More

Left suggests ways to minimise impact of petrol price hike
THE Left parties today took up the issue of probable increase in petrol price hike with the Prime Minister, Dr Manmohan Singh, and suggested ways of minimising the impact of such hike on the common man. The General Secretary of the CPI(M), Mr ... More

POWER

Power utilities make presentation to CERC on futures trading
THE concept of a wholesale market for electricity in the country is fast taking shape. National Thermal Power Corporation (NTPC), PTC India Ltd (PTC) and Power Grid Corporation of India Ltd (PGCIL) have jointly made a presentation to the Central ... More

Bengal to bear power subsidy burden
WEST Bengal on Wednesday announced incentives for power-intensive industries in the State. Following a directive by the Electricity Regulatory Commission to the effect that State-owned power utilities cannot offer discounts to industrial units ... More

TAXATION

Tax on cash withdrawals takes effect
THE Banking Cash Transaction Tax (BCTT), an anti-tax evasion measure introduced through this year's Budget, became operational from Wednesday. The Finance Ministry has now notified the BCTT rules 2005 that specifies the format of the returns ... More

`Tax sops, loans for new vehicles may not help phase out old ones'
Chances are that people will grab the concessions and acquire new vehicles more for earning depreciation than for helping the Government reduce the size of the fleet of old vehicles More

TEXTILES

SIDBI facility opens new window for textile units' update in Tirupur
THE recently floated World Bank sponsored line of credit (WB-LC) for the cluster-based small and medium enterprises, operated by the Small Industries Development Bank of India (SIDBI), is turning out to be one more window of low-cost financing of ... More

PERSONAL PRODUCTS

Hair and now
Hair colour is on a high, accounting for a major part of the sales of hair care products, and spurring new launches. More

RADIO/TV

Local focal
Prasar Bharati is depending on narrow-casting and scrolling to meet its revenue target. More

Plan to set up media regulatory authority draws mixed response
THE Centre's plans to set up a Media Regulatory Authority or Commission drew mixed response from the panel speakers at a National Roundtable on "Should there be a Lakshman Rekha for News Media?" here today. While veteran journalist Mr Kuldip ... More

EDUCATION

Indo-German centre offers 18-month corporate course in Chennai
THE Indo-German Training Centre, a management institute of the Indo-German Chamber of Commerce, will offer an 18-month full-time post-graduate diploma in business administration in Chennai. The programme includes six months of corporate work ... More

REAL ESTATE & CONSTRUCTION

Maharashtra Cabinet accepts panel report on old buildings
MORE than 10,000 old and dilapidated buildings predominately located in the posh South Mumbai area would have to be insured by resident associations, the Chief Minster, Mr Vilasrao Deshmukh, said while speaking to the mediapersons on Wednesday ... More

ALUMINIUM

Steel, aluminium cos cut prices as global rates drop
FOLLOWING international trends, domestic steel and aluminium manufacturers on Wednesday announced reduction in prices in the range of Rs 500 to Rs 2,500 per tonne. Steel Authority of India Ltd was the first to announce the price cut effective ... More

INDUSTRY ASSOCIATIONS

Chambers welcome Irani panel report
APEX industry associations and chambers of commerce on Wednesday hailed the recommendations of the Dr J.J. Irani Committee on Company Law, stating that the broad-based suggestions could go a long way in making India globally ... More

NEWSPAPERS & PUBLISHING

FDI limit on non-news publications goes
THE Government on Wednesday removed the cap on foreign investment in non-news publications. The existing investment limit, allowing a maximum of 74 per cent foreign equity in Indian entities publishing scientific/technical/specialty ... More

WTO

WTO: Enquiry points on sanitation being finalised
THE Department of Commerce is finalising three enquiry points pertaining to sanitary and phytosantiary measures that would handle all queries or comments on SPS notification/regulations issued by other member countries of the World Trade ... More

SOCIAL WELFARE

Slum-dwellers in groups can claim land ownership
A LITTLE known law enacted in 1976 makes it mandatory on the part of Maharashtra Government to grant land ownership title to slum-dwellers, if 70 per cent of them come together and demand for such a title. Though most slum-dwellers are ignorant ... More

INCOME TAX

Take fringe benefit tax seriously, caution experts
IS the fringe benefit tax (FBT) route chosen by the Government likely to hit tax planning by assessees? Some tax experts think so, and have cautioned all those liable to pay the FBT, especially under the quarterly advance tax payments for ... More

ICAI lectures on FBT
MANGALORE: The Institute of Chartered Accountants of India (ICAI), Mangalore branch will hold lectures on Fringe Benefit Tax (FBT) and `Tax implications on property transactions' in Mangalore on June 4. A press release said on Wednesday ... More

TOURISM

`Travel agents should turn counsellors'
THIS year has been a time of reckoning for the retail travel trade. The business is doing fine, there are more airline seats to sell, more people are travelling, but the airlines are cutting back on agency commission. Senior travel trade ... More

PEOPLE

ICWAI office-bearers
THIRUVANANTHAPURAM: The Thiruvananthapuram Chapter of Cost Accounts under the Southern India Regional Council of the Institute of Cost and Works Accountants of India (ICWAI) held its annual general meeting here on Tuesday. Mr H. ... More

TRENDS

Household assets: Ownership pattern
MORE than two out of five Indian households own a bicycle. That's a total of more than 83 million bicycles on the road. Assuming an average bicycle is made to last for seven years, this would mean that replacement demand alone would add up to ... More

India outscores China in product innovation: Accenture
Pharma, auto-parts and electronic goods are some of India's strengths in manufacturing, according to the study. More