Financial Daily from THE HINDU group of publications
Thursday, January 26, 2006
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Financial Daily from THE HINDU group of publications Thursday, January 26, 2006 |
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INDUSTRY & ECONOMY ECONOMY Opting out of globalisation not a viable choice: Rangarajan DR C. RANGARAJAN, Chairman of Economic Advisory Council to the Prime Minister, has said that opting out of globalisation is not a viable choice. "We need to stay and win," he said, delivering the 14th convocation address at the Dr B.R. ... More FOREIGN TRADE 
PM stresses need for Indo-Saudi co-operationTHE Prime Minister, Dr Manmohan Singh, said that in view of growing relations and rapidly expanding economic ties between India and Saudi Arabia, the two economies should come closer and jointly co-operate in areas of IT, agriculture, oil and ... More
Industry views sought on `sensitive' items in FTA list PETROCHEMICALS PM sets up task force on petrochemicals investment regions Besides, assisting, expediting and monitoring various activities involved, including preparation of master plan, the task force would also facilitate single window clearance for necessary State-level approvals and appointment of an empowered CEO and constitution of project specific teams. More POWER 
CERC fixes trading margin at 4 paise per unit — Big blow to cos which have been charging higherIN a move that could affect the revenue streams of a number of power trading firms, the Central Electricity Regulatory Commission (CERC) has decided to fix the power trading margin at 4 paise per unit for players who have been given licences for ... More TAXATION `Time not ripe for advance pricing arrangement' MULTINATIONAL corporations and international companies with business interests in India may have to wait longer before they could avail themselves of an advance pricing arrangement (APA) for their transfer pricing issues. An APA is an ... More TEXTILES Coimbatore textile cos invest Rs 2,000 cr in 2 years THE textile industry in Coimbatore region has pumped in Rs 2,000 crore as new investments in the past two years or so. This investment is based on the rough estimate of about one million new spindle equivalent capacity creation seen by the ... More SSI PNB signs pact with SIDBI PUNJAB National Bank (PNB) today entered into a memorandum of understanding with the Small Industries Development Bank of India (SIDBI) to strengthen efforts to support small and medium industries. Speaking on the occasion, Chairman and ... More MANAGEMENT Karvy, IIM-L organise `Go-Trade' contest for B-school students IT was a `live' tryst with the stock markets for management students across the country. About 110 teams from various management institutes managed live stock portfolios in the `Go-Trade' contest, a part of the recently concluded Manfest, the ... More EDUCATION LSE seeks more scholarship funds for Indian students THE London School of Economics (LSE), which is actively seeking more scholarship funds for Indian students, is likely to make announcements on that front soon. Talking to newspersons at the Confederation of Indian Industry (CII) Partnership ... More REAL ESTATE & CONSTRUCTION Nitesh Estates looking to expand outside Bangalore UNFOLDING plans to spread its brand outside Bangalore with major residential and commercial infrastructure projects, Nitesh Estates said it is expecting to finalise a fresh round of foreign direct investment to mop up $200 million in the next ... More LEATHER Leather product exports top $1.4 b in April-Oct LEATHER exports during the current year are on target. The industry needs to attract new investments and funds to expand capacities and sustain growth. Dr K. Elangovan, Executive Director, Council for Leather Exports, said that leather product ... More PRECIOUS METALS Bullion trade down 25-30 pc: WGC THE domestic bullion trade has seen a drop of 25-30 per cent in the past three months but the World Gold Council's (WGC) Indian chapter hopes the country's gold trade will overcome the sluggish trade condition to keep up its annual growth rate of ... More SCIENCE & TECHNOLOGY Experts join hands to form genome foundation WITH an eye on bringing the potential applications of genetics to improve human health, a Genome Foundation has been established. It intends to involve people of India with a call to every citizen to contribute at least Re 1 and get ... More CINEMA Ministry to simplify norms for filming THE Ministry of Information and Broadcasting will take steps to simplify procedures for filming in India, said an official release. The Film and Television Producers Guild discussed issues relating to the single-window clearances, piracy and ... More HUMAN RESOURCES Headed out Increasing attrition rates in the advertising industry prompt agencies to look into their people polices and work culture. More EVENTS 
`Dream team' to push India campaign at global forumIT'S a picture postcard venue. While snow covers treetops, rooftops and sidewalks of Switzerland's little town of Davos, where the World Economic Forum opened on Wednesday, as many as 20,000 participants will warm up to debate threadbare the ... More
Sabarimala records income of Rs 69 cr
Khadi mela in Kottayam
IIITM-K programme EXPORTS & IMPORTS Cashew exports decline on increased global availability INCREASED availability in the world market at low prices has led to decline in exports of cashew from the country during the first nine months of the current fiscal compared with the same period a year ago. Total exports during April-December ... More ECONOMIC OFFENCES 
Deciding the tax rate — Factor in the bribe rate tooAn informal survey conducted over the past three years revealed that the revenue generated in one city on account of `bribe taxes' (`charges' collected by government employees) is Rs 3-5 crore a day. At the national level, this adds up annually to a whopping Rs 50,000 crore. Extrapolating this in combination with the under-collected taxes, our tax-GDP ratio is highly comparable to many developed economies, says R. Vaidyanathan, adding that the Finance Minister must recognise the bribe tax and reduce regular taxes so that the misery index of citizens is minimised. 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 Infrastructure woes stare IT sector IPO Scams FDI in retail sector Dynamic Tirupur Surging Sensex Gold scaling new highs
In Depth Gender Justice Simple Economics Tax Talk
Looking back Jan. 15-Jan. 21 IMD funds from Gulf may move into mutual funds Base import prices cut for crude palm, soyabean oils Tax advantage for recent buyers of Reliance shares — Stiff tax liability for short-term sale of RIL stock `Ultra-mega' power plants — Generation cost to be under Rs 2 per unit Rising domestic prices curb cotton exports `Create knowledge partnership directory' Nagarjuna Power rejects Jindal's offer to buy out Udupi project Health Ministry to push for ban on smoking scenes AIR to air running commentary of Indo-Pak series `India will become third largest plastic consumer by 2010' Some M&A gyan for Indian cos India cannot go back on reforms: Goh |
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