Financial Daily from THE HINDU group of publications
Monday, February 27, 2006
Markets (Feb 24)
BSE Sensex10200.76 (-43.29)
S&P CNX Nifty3052.05 (-12.09)
US Dollar (Buy/Sell)44.47



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`Service tax list may be expanded'
To increase the Government's revenues through service tax collections to over Rs 35,000 crore by the end of 2006-07, the Finance Minister is likely to widen the list of service tax items from 81 to ... More


CII projects over 8 pc GDP growth
Economic growth for the current fiscal 2005-06 is forecast to be eight per cent plus by the Confederation of Indian Industry, which is in line with the quick estimates released by the CSO. Higher GDP ... More


Italy co Bonfiglioli aims at Rs 240-cr sales
Growth drivers The improved performance this year is to come from increased market penetration and greater acceptability of the company's products in the Indian market. More


Experts want CRZ notification revised
A revised CRZ (coastal regulatory zone) notification is called for in the wake of tsunami, as the earlier notification issued by the Union Government in 1991 does not address many relevant issues, according to Prof. V. Sundar of the Department of ... More


Higher tax breaks likely for health insurance
Budget may signal next phase of reforms

Opening up more
Capital requirement in standalone cos may be reduced to Rs 50 crore.
Deduction permitted under Section 80-D may be hiked to Rs 20,000.

TN may get disease-free status
The Union Government will explore scope for de-zoning the poultry rearing States that remains free from avian flu and may declare them as `disease-free' zone. The Department of Animal Husbandry, Dairying and Fisheries in the Union Ministry of ... More


Cochin Port ready to handle deep draft vessels
The Cochin Port Trust has joined the club of deep draft ports in the country, thereby readying itself to handle mainline vessels requiring drafts up to 12.5 metres. The formal announcement in this regard has been made by the Union Shipping ... More

Concor eyes Paradip, Dhamra ports
But will there be enough boxes?

With Paradip mainly a bulk cargo port and Dhamra also projected to be a similar facility, the prospects for container operations on the eastern seaboard do not appear too bright. More

Kamal Nath to meet SEZ stakeholders
The Commerce and Industry Minister, Mr Kamal Nath, has convened an interactive session with Special Economic Zones (SEZ) stakeholders here on March 4. Besides the SEZ developers, Central and State ... More

Air Deccan, Paramount opt for parking at non-metros
To park or not to park If there is not enough traffic from a non-metro city to justify an early morning flight from there, then it may not make economic sense to park the aircraft at night there. More

ONGC sets up SPV for Mangalore SEZ
To develop the Mangalore Special Economic Zone, a new company, The Mangalore SEZ Ltd, as a special purpose vehicle (SPV), was incorporated in Bangalore on Friday. ONGC said in a statement that it is the anchor and co-promoter of this SEZ. The ... More


Demand perks up for IP experts in pharma sector
Dr Anindya Sircar, who holds a Ph.D in microbiology, started out as a scientist but got caught up with "legal affairs". With a law degree in hand, he became a registered patent attorney and has been steering Biocon Ltd's IPR Department for ... More


Production at Dabhol from May 1 — Tariff being worked out, says Shinde
Power production from the first phase of Ratnagiri Gas & Power Company Ltd (earlier Dabhol Power Company) is being advanced to May 1 from the previous schedule of early June. Maharashtra would then be able to save the costs it is incurring on .. More

Rs 1,400-cr PFC loan for Ratnagiri Gas
The new promoters of the Dabhol power project have tied-up a Rs 1,400-crore bridge-loan from the State-owned Power Finance Corporation (PFC) to fund the completion of the 1,444 MW second phase of the project. The loan, with a 12-year maturity, ... More


Package to compensate CST loss on the anvil
The Finance Minister, Mr P. Chidambaram, is likely to unveil in his Budget speech on Tuesday a compensation package to the States for the revenue losses that would arise from the proposed Central sales tax (CST) ceiling rate reduction from four ... More


`We prefer students with experience'
`Autonomy has never been an issue. The Government has never interfered in our activities.' More

What B-school didn't teach
We will tutor you on things critical to your success as a manager of tomorrow. More

Mammootty enlivens Akshaya network
Cine star Mammootty appeared live on video feed from Ernakulam to join the Chief Minister, Mr Oommen Chandy, at his home base in the Capital City on Saturday in a unique programme in which the computer loving thespian was formally declared the ... More

174 Akshaya centres in Kottayam
As many as 174 Akshaya centres will be set up in different parts of the district, said Ms Rani George, District Collector, and Mr Thomas Kunnappally, District Panchayat President. There will be 150 centres in 75 panchayats and 24 ... More

Of best minds and matching mindsets
India can claim to be home to the best of minds in the world. "But do we have matching mindsets," asked Mr G. Ramanathan, Regional Head of Tata Consultancy Services (TCS). Addressing students at the third annual Convocation of Badruka Institute ... More


  • What it is all about


    Indian Bank sets trend in going rural
    Indian Bank is set to bring the unbanked populace in the semi-urban and rural areas within its fold. The bank has drawn a roadmap for taking up the Reserve Bank of India's initiative on financial inclusion and the exercise is expected to be ... More


    Science fair to begin in Hyderabad
    In an effort to infuse the excitement of science among school children, the Indian Institute of Chemical Technology (IICT) here has taken up a new initiative for State schools. . In the science fair called "Ignited Minds', it proposes to ... More

    YSR opens urology meet
    The Chief Minister, Dr Y.S. Rajasekhara Reddy, has said that dissemination of information on latest happenings is very important for medical community in delivering quality medicare to patients. Addressing a gathering of doctors after ... More

  • Agenda for the week
  • Key events this week


    Tax-saving schemes - Now time for pay-out season
    Tax-saving schemes have logged decent gains in recent times enabling some of them to pay out handsome dividends. More


    `Scrap service tax on foreign commission'
    Citing the Union Government's own thinking that taxes and duties should not be exported if the country has to make an international trade engagement of $500 billion a reality in the next five years, the Engineering Export Promotion Council (EEPC) ... More


    AI fails to meet IATA's safety audit norms
    The International Air Transport Association (IATA) has withdrawn the International Operation Safety Audit (IOSA) certification for Air India due to the delay on the part of the airline to meet certain laid down conditions. An official ... More


    Tea traders worried over spurious arrivals
    AN air of excitement and anxiety looms large among the tea trade as price levels start to move northward at the auctions, on the one hand, and spurious teas start flowing in, on the other. These teas, traders confirmed, were not sold through ... More

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    Top Stories
    Bonds lower on fears of higher borrowings

    You stand in coldest expectation

    Poultry sector seeks reschedule of loans

    New Mangalore Port — Seeking `deeper' prospects

    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
    Feb. 19-Feb. 25
    Equity funds eye realty sector in a big way
    To explore investments in residential, commercial projects

    Bird flu: No human infection reported so far, says Health Secy

    Well-cooked chicken, eggs safe, says Govt

    Pharma cos buck up; busy lining up drugs

    FM stations to zoom in on regional ads in small towns

    Centre may not allow sale of Tamiflu in retail market — `Drug has adverse side-effects, not safe for children too'

    Shortfall likely in direct tax collection this fiscal

    Air India places $2-b order for GE engines

    Govt yet to decide on DAP subsidy

    Hectic lobbying on by vegoil refiners against cheap imports

    Bankers seek lower service tax on credit cards

    Pawar calls for restraint in bird flu reports — Don't create panic, media told

    Govt cautious on opening up retail FDI — Exploring role model for multi-brand segment

    IPO scam fall-out — CBI conducts search at Karvy, Vijaya Bank, BhOB premises

    IMF cautions India on the fiscal front

    `Bird flu scare results in Rs 200-cr loss to truckers'

    Poultry insurance covers bird flu losses, clarify officials

    Bihar provides a sweet cure for sugar sector — Offers attractive incentive; plans PSU units privatisation

    Railway budget to take care of all sections — Lalu Prasad rules out increase in passenger fares

    Kochi region excise revenue

    Unsold stocks worry poultry farmers

    Railways improves freight earnings by Rs 3,000 cr

    Low-cost carriers see no impact — Travel sector hails move

    Airlines not perturbed by reduced AC rail fares

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