Financial Daily from THE HINDU group of publications
Tuesday, September 06, 2005
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INDUSTRY & ECONOMY

POLLUTION


Crackdown
The illegal commercial units on the banks of the Mithi river in Mumbai. The Bombay High Court has directed the Brihanmumbai Municipal Corporation to serve eviction notices to all illegal commercial units within 10 days. ... More

CLIMATE & WEATHER


Monsoon active in South again
THE southwest monsoon has swung back into action in peninsular India with most parts receiving fairly widespread rains with isolated heavy rainfall during the 24 hours ending Monday morning. However, this has been matched only by a ... More

CEMENT


Cement cos may cash in on export boom
CEMENT companies that have milked gains from the current rosy export scenario may have to make all the hay they can while the sun still shines. Mr Kumar Mangalam Birla, Chairman of UltraTech, one of the larger beneficiaries of the export boom, ... More

ENVIRONMENT


Go in for eco-friendly Ganesh idols: Greens
THE Green Corps has appealed to the people to go for eco-friendly Ganesh idols for this Vinayaka Chatruthi. "Don't use Plaster of Paris (PoP) to make the idols or offer plastic flowers to the God," the Directorate of Andhra Pradesh National ... More

FOREIGN TRADE


India Inc wants FTA in services with EU, says Assocham survey
THE country's leading CEOs favour signing of specialised free trade agreement (FTA) with the European Union (EU) in the services sector, according to an Assocham survey. The Assocham Business Barometer Survey of 100 CEOs and MDs of firms with ... More

UAE's free trade zone opens office in Mumbai
THE RAK Free Trade Zone of UAE has announced the opening of its regional office here. Established in May 2000, it is one of the fastest growing free trade zones in the region. "In order to give unmatched service to the Indian investors, RAK ... More

PSU


Kerala: Cabinet panel clears VRS schemes for PSUs
THE Cabinet sub-committee on public sector undertakings (PSUs) in Kerala has given an in-principle approval for the release of funds for implementing a voluntary retirement scheme (VRS) in Steel Industrials Kerala Ltd, Kerala State Salicylates ... More

PETROLEUM


Decision on fuel price hike likely today — PM tells Left there's no alternative
THE long-pending issue of raising the prices of petroleum products may be resolved tomorrow at a meeting of the Union Cabinet, with the Left parties now reconciled to the hike. The Finance Minister, Mr P. Chidambaram, also indicated today that ... More

Oil PSUs moot dual pricing to cut losses
IN a bid to bridge their differences with the Union Government on oil price subsidy, oil PSUs are mooting a dual pricing policy as followed in the case of LPG - for domestic and industrial users. Mr S. Behuria, Chairman of IOC, has called ... More

Raha skips Dhaka visit on `health grounds'
Brushing aside the rumours that, he has refused to adhere to a directive of the Petroleum Minister, Mr Mani Shankar Aiyar, to be present in Dhaka on Monday, the ONGC Chairman, Mr Subir Raha, told Business Line, that "It was on health ... More

PHARMACEUTICALS


Vaccine majors make beeline for Indian market
ARE children becoming virtual pin-cushions as global vaccine-makers bring in more products into India or is there really a need for the several vaccines being lined up for the country? The US-based drug-maker Wyeth is poised to bring into India ... More

POWER


Power-deficit Gujarat struggling to keep pump sets running — Imposes 4-day week on industry
A SUDDEN spurt in power demand from the agriculture sector has caught Gujarat completely unawares, forcing the Government to impose a four-day week on industry. Interestingly, four months ago, when Maharashtra was reeling under a severe power ... More

TAXATION


Region-specific tax breaks distort businesses
Given the competitive environment in which businesses function, even a small concession can disturb the balance in favour of players in certain regions, and by implication hurt the interest of others. More

SSI


RBI proposes one-time settlement for SMEs
IN a move that will benefit the small and medium enterprises sector, the Reserve Bank of India has asked public sector banks to provide a simplified mechanism for one-time settlement of chronic non-performing assets in this sector. In the ... More

SME rating agency launched — 'Centre will ensure higher credit flow to SSI units'
THE Union Finance Minister, Mr P. Chidambaram, today launched SME Rating Agency of India (SMERA), a dedicated rating agency for small and medium enterprises, and expressed the hope that it would enhance credit flow to small and tiny sectors. Mr ... More

Draft SME Bill to be passed in next Parliament session
THE draft Bill on small and medium enterprises (SMEs) will be passed during the next session of Parliament, according to the Union Finance Minister, Mr P. Chidambaram. The report from the Cabinet Committee on the SME Bill has been forwarded to ... More

WATER


`Deforestation, sand mining bring water table down'
According to a study, water availability by 2050 in the rivers Achankovil, Pampa and Manimala will drop by 459 million cubic metres, 3,537 million cubic metres and 398 million cubic metres respectively. More

EDUCATION


Educational loans: Chidambaram concern over high interest rates
THE Union Finance Minister, Mr P. Chidambaram, has voiced concern over the rate of interest charged on educational loans.Terming the 10.75 per cent rate charged on these loans as `high', Mr Chidambaram told a gathering of student beneficiaries ... More

Coaching institute's target
HYDERABAD: Triumphant Institute of Management Education (TIME) has targeted a turnover of Rs 100 crore by the end of the next fiscal. The institute prepares students aiming to enter IIMs and IITs. "We registered turnover of Rs 40 crore ... More

PAPER, BOARD & NEWSPRINT


Newsprint sector betting big on new launches in print media
"To provide a level playing field for the domestic producers, the customs duty on newsprint should be raised to 20 per cent." More

INDUSTRY ASSOCIATIONS


Allow self-certification for large taxpayer unit scheme too: India Inc
CORPORATE India has suggested to the Finance Ministry that the concept of self-certification be extended to them under the Large Taxpayer Units (LTU) scheme, which is expected to eventually evolve into a single-window facility of all major tax ... More

Tech upgrade fund for foundry sector urged
THE Centre should come out with a Technology Upgradation Fund (TUF) for the foundry industry, on the lines of a similar fund launched for the textile sector, to enable it to capitalise on the emerging global outsourcing opportunities, according ... More

SCIENCE & TECHNOLOGY


IIIT-H aims big in artificial intelligence
THE International Institute for Information Technology-Hyderabad is eyeing the growing area of artificial intelligence, which has applications ranging from computer vision and language technology to robotics. Addressing a press conference ... More

MINERALS


New iron ore mining policy on the cards
THE Union Ministry of Mines is actively considering the introduction of a new iron ore mining policy for ensuring easy availability of ore by iron and steel manufacturers in the non-iron ore-bearing States. Indicating this, Mr Amit Kiran Deb, ... More

EVENTS


Strict adherence to coastal zone regulations urged
"IF there is one lesson that the tsunami has taught us, it is that coastal regulatory zone stipulations should be strictly adhered to," Dr K.S.R. Murthy, the Director of the local branch of the National Institute of Oceanography, said. He was ... More

International furniture fair in Mumbai next month
INDEX International Furniture Fair (INDEX 2005), an international fair, is to be held during October 12-16 in Mumbai. The trade fair would focus on finished furniture and accessories, lighting, and switches and accessories. Inter-Furn, ... More

Kochi B2B meet begins today
THE stage is set for the second Business-to-Business Meet organised by the State Government here from September 6 to 8 at the Galfar International Convention Centre. This year's event will showcase eight key sectors of the State such as coir, ... More

To sir, with love!
Teachers' Day celebrations in progress at a school in Hyderabad on the occasion of the birth anniversary of the former President, Dr S. Radhakrishnan, on Monday. ... More

INCOME TAX


CAs, industry groups to have a say in new income-tax code
INDIA Inc, industry associations, income-tax experts and chartered accountants may get to have a say in the framing of the new income-tax code. The Finance Ministry has promised that chartered accountants and the other stakeholders would be ... More

EXPORTS & IMPORTS


IT, ITeS exports to grow by 35%, says Nasscom
THE National Association of Software and Service Companies (Nasscom) on Monday said that the export of IT and IT-enabled services was expected to grow between 30-35 per cent in 2005-06. The apex body for software and IT services companiesalso ... More

Competition makes things tough for tea exports
Increased availability of imported tea is also a reason for drop in exports and auction prices. More

TOURISM


Uttaranchal to focus on tourism infrastructure
THE Government of Uttaranchal will spend around Rs 100 crore every year for the next three years on the creation of tourism infrastructure in the State. In addition, private sector investment to the tune of Rs 3,000 crore in the State's tourism ... More

Rajasthan to roll out 2 more luxury trains
SPURRED by the success of the Palace on Wheels, the Government of Rajasthan has drawn up plans to introduce two more luxury trains on the lines of the Palace on Wheels to further promote the growth of tourism in the State. To facilitate access ... More

Travel agencies face shortage of manpower
THE travel industry is facing a manpower crisis with agencies not attracting the right kind of talent any more. The opportunity to travel and have a good social life, once the perks of the travel business, are no longer the preserve of those ... More

Karnataka to focus on infrastructure for eco-tourism
JUNGLE Lodges & Resorts Ltd, a Karnataka Government undertaking which focuses on providing the infrastructure for the facilitation of wildlife and eco-tourism in the State, is hopeful of recording a 30 per cent growth in revenue in the current .. More




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Top Stories
Power-deficit Gujarat struggling to keep pump sets running — Imposes 4-day week on industry


Vaccine majors make beeline for Indian market

Newsprint sector betting big on new launches in print media

Credit card frauds get high tech

Coffee industry split over stocks availability

Good business from bad loans?

Monsoon active in South again

SME rating agency launched — 'Centre will ensure higher credit flow to SSI units'

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
Aug. 28-Sep. 3
TCS pilot project for efficient functioning of rural job scheme

Hike petrol price, not diesel: Montek

Tonnage tax boosts fleet strength — Outlook positive for shipping cos

GAIL to begin drilling in Bengal basin in Oct

No monsoon revival soon; South benefits from `break monsoon'

'As mobile base grows, so does service tax kitty'

Oil Ministry not for price stabilisation fund — `Cess funds can be used to share subsidy burden'

The burden of farmers' debt

Money in the air

Farm GDP growth declines to 1.1 pc

MFs keep away from oil stocks

Funding still a roadblock for biotech start-ups

RBI notification on dual pricing not to impact hotels' margins

China unlikely to be major steel exporter

Maharashtra wants ban on kesari dal to go

Cashew exports may gain on dip in global output — Delay in Indonesian, Brazil crops seen pushing up demand for Indian produce

Not just wine, but beer too would flow freely!

`States with VAT in place may earn higher revenues'

Paper makers set to hike prices

Reliance gets Rs 10,500-cr excise notice

`Warning signal' on world economy

Monsoon exits West; fresh southern pulse brewing


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