Financial Daily from THE HINDU group of publications
Wednesday, March 15, 2006
Markets (March 14)
BSE Sensex10801.72(-1.99)
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INDUSTRY & ECONOMY

EMPLOYMENT


Job market rosiest in the South: Survey
48 per cent of the employers surveyed, felt there would be an increase in hiring tendencies. More

CLIMATE & WEATHER


Wet climes forecast for the South
Incoming tropical easterly waves affecting the South of the country, counterparts of the extra-tropical western disturbances of the Northwest, are interacting with the prevailing westerly trough from the North, setting off cloudiness over most of ... More

NRIS


Remittances: The great leveller
Remittances — mainly by unskilled workers and labourers to the Gulf nations and elsewhere — play a significant role in fostering better health, education and other social indices. More

NON-CONVENTIONAL ENERGY


Oil Ministry opens National Bio-fuel Centre
`Bio-diesel production costs could vary for different producers' More

COURTS/LEGAL ISSUES


LPO is the next big thing for India
Legal process outsourcing (LPO) is emerging as a key vertical in knowledge-based services in India. It is the next big thing waiting to happen for India, said Mr N.T. Nair, Chief Editor, Executive Knowledge Lines, and Editor, IEEE India Info, at ... More

ECONOMY


Flexible inflation target favoured
It seems clear that even if the Fed does adopt inflation targets, its approach to determining interest rates will be state of the economy and data-driven. Translation: no big change. More

Chhattisgarh Plan outlay fixed at Rs 5,378 cr
The Annual Plan of Chhattisgarh for the next fiscal year has been determined at Rs 5,378.06 crore, inclusive of a one-time additional assistance of Rs 24 crore and additional resources of Rs 313 crore from the share of Central taxes to be used ... More

`Unemployment can be eliminated thru 9 pc growth'
"We need interventions both from the demand and supply sides in order to achieve higher levels of employment." More

ENGINEERING


Power driven pump units' plea on BIS implementation
`Implementation of notification on SSI exemption can be put off' More

EXCISE AND CUSTOMS


Palm group of oils tariff value cut $3 a tonne
But crude soyabean oil up $13 to help mustard/rapeseed farmers More

FOREIGN TRADE


Indo-Asean FTA: Longer timeframe for exchange of duty concessions
Plan to conduct a study to identify the items that are sensitive for India. More

Call for level field for exporters on tax refund
DEPB scheme for 1 more year: BoT More

India, Singapore to review trade pact
India and Singapore will review the Comprehensive Economic Cooperation Agreement (CECA) later this month with the objective to enhance trade and investment between the two countries. India would identify reasons for a lower than expected growth ... More

HEALTH


Bird flu detected in Jalgaon
No case of human infection, says Health Ministry More

Rs 20-lakh aid from GAIL
GAIL (India) has extended Rs 20-lakh assistance to set up an Air Pollution Related Diseases Diagnostic Centre (APRDDC) at the Rajiv Gandhi Institute of Chest Diseases Hospital. The centre would be an R&D outfit aimed at ... More

INFRASTRUCTURE


Tripartite panel on airport revamp yet to meet
Put on hold handover of Delhi, Mumbai airports to pvt parties: Karat More

POWER


Govt plans to set up `Atomic Parks'
To harness nuclear power potential More

`A natural progression to feed the energy hungry in India'
Cairn Energy has announced plans for a partial IPO of its Indian business. In this interview, sourced from Cairn's Web site, Sir Bill Gammell, Chief Executive, dwells on the potential of the company's reserves in Rajasthan and explains the logic ... More

Bill to repeal electricity excise Act
The Finance Minister, Mr P. Chidambaram, today introduced a Bill in the Lok Sabha to repeal the Union Duties of Excise (Electricity) Distribution Act, 1980. The move to repeal the Union Duties of Excise (Electricity) Distribution ... More

STEEL


SPS Steel allotted coal block in Orissa
To meet 70 pc of captive requirement of Jharsuguda plant More

TAXATION


Workshop on service tax in Madurai
Madurai Chapter of the Institute of Company Secretaries of India is organising a workshop on `Service tax - Practice and procedure' on March 18, at Sivakasi Chartered Accountants Association Hall. The focus is to impart the ... More

TECHNOLOGY


Nano technology may usher in hydrogen-powered vehicles
Nano technology - the science of creating material of desirable properties by manipulating the atoms - may hold the key to hydrogen-powered vehicles. Dr Haren Gandhi, a Ford Technical Fellow at Ford Motor Company, US, today said that the ... More

WATER


Kerala CM for `permanent solution' to row
The Chief Minister noted that the State Government had to continue with its good relations with Tamil Nadu, and protect the lives of the people in the State. Bill to restrict water level at Mullaperiyar More

AIR-CONDITIONERS & REFRIGERATORS


Voltas to exit fridges, focus on AC market
Refrigerator growth slow; mulls entering new categories More

PAPER, BOARD & NEWSPRINT


Emami Paper Mills set to complete expansion by March `07
`Future domestic newsprint market to remain buoyant' More

INDUSTRY ASSOCIATIONS


British agri-food consortium MoU with FICCI, CIFTI
In an attempt to tap the growing potential of the Indian agri-food sector, the British Agri-food Consortium (BAC) and the Confederation of Indian Food Trade and Industry (CIFTI), the food wing of industry chamber FICCI, today signed a Memorandum ... More

FOREIGN DIRECT INVESTMENT


Genworth among 27 FDI proposals cleared
The US-based Genworth Financial Inc's proposal to set up a wholly-owned subsidiary for undertaking non-banking financial activities involving foreign direct investment worth Rs 235 crore was among the various proposals cleared by the Government ... More

INCOME TAX


Tax breaks for co-op term deposits urged
Non-scheduled institutions fear flight of deposits More

EXPORTS & IMPORTS


Crop, prices slow vegoil imports
Sentiment in the international market too is weak. 23 per cent fall in shipments into the country More

Exports up 26.34 pc in April-Feb; 12% rise in Feb
11-month imports rise 33 pc; trade deficit also rises More

N-E States seek export council
`Multi-commodity registration facility needed' More

TOURISM


Kerala tourism commercial gets award
Kerala Tourism's television commercial, Highway, has won the `Das Golden Stadttor' (Golden City Gate) award at the recently held ITB Berlin tourism and travel fair. The commercial that won the award was selected from over 300 ... More



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Govt plans to set up `Atomic Parks'


Swelling new collections pose challenge to funds

`IMD redemption impacted liquidity'

Tax breaks for co-op term deposits urged

TCI plans Rs 300 cr for expansion

Number portability: What's holding it up?

Further liquidation likely in gold

Job market rosiest in the South: Survey

Palm group of oils tariff value cut $3 a tonne

Voltas to exit fridges, focus on AC market

India second in league of `super growth' companies

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Mar. 5-Mar. 11
Tax sops ruled out for investment cos

Cabinet clears India, Australia revised air services pact

Suspicion over coconut oil price fall

Wet weather forecast for whole country

Implications of capital gains giveaway

Oilmeal exports reach new high

Scheme for sugar mills to set up power units

PAN compulsory for demat accounts

Private insurers cut 2-wheeler exposure

Barclays predicts strong growth for wealth market — Indian market to grow 15 pc per year

Pharma cos fight pitched battle on patent turf

Recap bond conversion to boost bank profits

Women workers entrench themselves in `men's preserve'

Trade with US: India likely to overtake China

La Nina indicators neutral: Forecast

Service tax on ATM not to hit users

No plans to make OVL independent: Ministry

ONGC Nigerian plan hits snag

FDI inflow up 326 pc in Jan

Cement scrips zoom

MRP-linked duty a bitter pill for pharma sector

Tyre manufacturers to import 25,000 t rubber

`India can be made manufacturing hub'

Crude oil imports pegged at 110 mt

Oil India, IOC to buy 90 pc stake in African block

`Product duplication prevalent in every industry'



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