Financial Daily from THE HINDU group of publications
Tuesday, February 28, 2006
INDUSTRY & ECONOMY
Economic Survey proposes reforms in tax system
Pegs growth rate at 8.1 per cent; cites crude prices as a risk factor
If the Economic Survey 2005-06, tabled in Parliament on Monday by the Finance Minister, Mr P. Chidambaram, is an indication of things to come, Indian industry can look forward to some relief on the taxation front. Specifically mentioning that the ... More
Interest rates may firm up: Survey
`Rapid, bold policy responses needed to manage oil crisis'
`Follow China model on labour market'
Delhi, Mumbai airports revamp to begin mid-year
Textile sector registers `moderate' export growth
Govt told to clarify rationale for postal subsidy
`Auto exports stay untapped'
Need for reforming labour laws stressed
Govt sure of reining in inflation at 5 pc
Urban infrastructure: Call for user-charge approach
Broadband is the next frontier
All States told to implement VAT
Contracts for stretches under NHDP to be awarded soon
India Inc says it's pragmatic
How critical is rural employment?
To bridge urban-rural divide
The Finance Minister has a challenge now. The growth rate depends on the investment in human capital. More
Automotive testing unit in Assam launched Facilities to be used for N-E
Training for youth
The Silchar Centre will annually train about 1,000 youngsters to handle the latest automobiles.
The NATRIP facility is expected to be functional within the next two years.
It will help in the p roduction and export of low-priced, high-tech vehicles and components. More
JK Cement fixes IPO price at Rs 148
JK Cement has finalised the issue price of its recently concluded initial public offering (IPO) at Rs 148 per share. The company, a leading grey cement producer in Northern India, had entered the capital market with a public ... More
Food subsidy growth seen at 1.55 pc
Though the food subsidy bill is expected to grow in absolute terms in 2005-06, the annual rate of growth would hit a low of 1.55 per cent after a ten-year gap. It is expected to be at Rs 26,200 crore (budget estimates), against Rs 25,800 crore ... More
Fertiliser subsidy to exceed Budget estimates
`Growth outlook bright'
Core sector growth slows to 3.3% in Jan
India Inc positive on growth: Survey
EU move to boost carbon trading All flights must buy credits to offset GHC emissions
THE carbon trading market may get a boost with the European Union decision to mandate all flights taking off from and landing in its territory to buy carbon credits for offsetting greenhouse gas (GHG) emissions. The in-principle decision to ... More
Indo-Arab meet begins IT, medical tourism, bio-tech thrust areas
The Indo-Arab Economic conference, jointly organised by the Cochin Chamber of Commerce and Industry and Assocham, has called for greater co-operation between India and Arab countries in the areas of information technology, bio-technology and ... More
Three more Bio-safety Level 3 labs
The Inter-Ministerial task force set up to handle the outbreak of avian influenza has decided to set up three more Bio-safety Level 3 laboratories in Chennai, Kolkata and Delhi. Along with this, the Indian Council of Medical ... More
Will Budget bring relief to cancer, AIDS patients?
Reconsider airport update plans: Panel
The Parliamentary Standing Committee on Transport, Tourism and Culture has called on the Government to "reconsider" its present plan on the modernisation and restructuring of the Mumbai and Delhi airports keeping in view the current domestic and ... More
KCCI to identify developers for multi-product component in SEZ
Panel to decide on gas transmission tariff of GAIL
The inter-ministerial group (IMG) will take a final decision on gas transmission tariff of GAIL (India) Ltd applicable for Hazira-Vijaipur-Jagdishpur (HVJ) pipeline. The Government has decided to refer the recommendation of the Tariff ... More
Gas supply issue: Meet today to resolve deadlock
High credit rating for ONGC bonds
CDC supplies diagnostic reagents for bird flu investigation
Testing the outbreak
CDC reagents could test a series of avian flu virus variants to establish the type currently hitting India.
National Institute of Virology was sharing its data with the CDC about the outbreak of avian f lu in Navapur. More
Pharma industry clocks healthy growth
NPPA recovers Rs 99 cr from drug cos
Concern over power sector
Painting a gloomy picture of the country's beleaguered power sector, the Economic Survey estimates the overall losses to the economy on account of the sector at a massive Rs 3,00,000 crore. Faster reform initiatives, ensuring adequate fuel ... More
`Electricity to all houses'
Sponge iron issues
ANNUAL MEET: The Minister of State for Steel, Dr Akhilesh Das (right), having a word with Mr Sandeep Jajodia, Chairman, Sponge Iron Manufacturers Association, at the 13th AGM of the association in the Capital on Monday. ... More
Sugar output figures
"Availability and prices of sugar in the current season (2005-06) are expected to remain at reasonable levels," according to the Economic Survey which says sugar production during 2005-06 is expected to be 17.5 million tonnes (mt), up from around ... More
Will Budget dilute FBT provisions, usher in EET?
Lower level of peak customs duty, rationalisation of duties for petroleum industry likely
Insurance FDI hike?
Mr Chidambaram may also reiterate the Government's resolve to hike FDI in insurance to 49 per cent. More
Cotton growers worried over likely duty cut
Textile industry seeks special rules of origin provisions
Call for safeguards
Even in the categories of textiles, Change in Tariff Heading would not provide adequate safeguard against third country circumvention.
The industry is more than convinced that Change in Tarirr Sub Headin g, even with certain moderate levels of local sourcing, would not provide any comfort to the industry. More
NTPC plans joint venture with Coal India
National Thermal Power Corporation (NTPC) proposes to set up a 50:50 joint venture coal company with Coal India Ltd (CIL), to develop new coal mines for exclusively meeting the corporation's additional coal requirement at its thermal power ... More
AIR-CONDITIONERS & REFRIGERATORS
AC to beat bird flu?
Consumer goods companies claiming that their products help improve the health of their consumers is nothing new. But how about saving a person from a deadly epidemic? Consumer electronics firm LG Electronics claims it has developed ... More
FOODS & FOOD PROCESSING
Food processing: Govt bid to woo big biz houses
Ministry push for creating a favourable fiscal environment
Rabo Bank study to serve as guidebook More
REAL ESTATE & CONSTRUCTION
Foundation stone laid for three RPG group projects
Goenkas tie-up with Godrej Group for shopping arcade
The group has decided to convert non-performing assets into profitable ventures, largely in the real estate area.
An internal study about the number of non-performing assets and also the value of such assets is being done. More
IT cos seek tax reliefs
MAIT wants excise anamolies removed
THE IT industry is hoping that the key sectoral issues pertaining to Fringe Benefit Tax, BPO taxation and the current CENVAT overflow arising out of nil excise duty on finished hardware products are addressed in the Union Budget on Tuesday. ... More
Coimbatore textile fair to feature `China Pavilion'
Over 300 companies covering all segments will be participating
Many original equipment manufacturers from China will be present.
Ring spinning, weaving and processing equipment will be on display. More
BIO-TECH & GENETICS
Biotech industry seeks extension of deductions
The biotechnology industry, under the aegis of Federation of Indian Chambers of Commerce and Industry (FICCI), has urged the Union Finance Ministry to allow deductions to companies carrying on scientific R&D approved by the prescribed authority . More
A touch of glass
Transparence, a competition that brings students into mainstream architecture, aims to increase awareness of the potential of glass in architecture. According to Mr B. Santhanam, Managing Director, Saint-Gobain Glass India Ltd, which organised ... More
Exim Bank to invest $7 m in animated feature film
Rich Crest-Lions Gate's production
The Export-Import Bank of India (Exim Bank) will invest $7 million in the proposed full-length animated feature film from Crest Animation Studios' 87 per cent US subsidiary, Rich Crest, and Lions Gate Entertainment. The movie, meant for a ... More
Women managers' meet on March 8
Theme inspired by Kalam's vision
The association has invited thought leaders to do some forecasting. More
FOREIGN DIRECT INVESTMENT
`Core sector can absorb $150 b FDI'
ICRISAT partners CII in rural growth plan
ICRISAT will soon join the developmental initiative launched in Dungarpur while CII plans to replicate the model elsewhere. More
REGULATORY BODIES & RULINGS
TRAI says `end differential tariff'
The Telecom Regulatory Authority of India (TRAI) has asked mobile service providers in Maharashtra, Tamil Nadu, West Bengal and Uttar Pradesh not to have higher tariffs for calls made to BSNL subscribers. The move comes after consumers ... More
Goan assessees for changes in I-T Act
Goan assessees hope that the Union Budget this year will have suitable amendment to Section 5A of the Income Tax Act (I-T Act) which has adversely affected salaried tax payers of Goan origin. The Goa Youth Congress President, Mr Guirish ... More
I-T Dept to step up vigil against tax offenders
The Income-Tax Department is gearing up its machinery to have greater surveillance in order to increase the revenue. At a press conference here on Monday, the I-T Director-General (Investigation), Mr J.L. Giridhar, said the thrust was on ... More
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Infrastructure woes stare IT sector
FDI in retail sector
Gold scaling new highs
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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