Financial Daily from THE HINDU group of publications
Thursday, June 08, 2006
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INDUSTRY & ECONOMY

CLIMATE & WEATHER
Early monsoon raises reservoir levels in Kerala
Hydel power sector gets a boost More

NON-CONVENTIONAL ENERGY
Nandan opens facility at Icrisat ASP
Nandan Biomatrix Ltd has opened a research and development, process and formulation and biodiesel facility at the Agri-Science Park (ASP) of ICRISAT. Dr William Dar, Director-General of ICRISAT, said Nandan Biomatrix' decision ... More

CONSUMER ELECTRONICS
Proposal to introduce licence fee on CTVs draws flak
Additional burden would result in a major slowdown of industry: CETMA More

ECONOMY
TN's Annual Plan size revised
The Planning Commission has revised the Annual Plan size of Tamil Nadu for the current fiscal 2006-07 to Rs 12,500 crore depending on resources available during the course of the year. Responding to discrepancies in the official ... More

Monsoon components falling apart
Major monsoon components have started disintegrating in anticipation of the system entering a confirmed weak phase during the next 24-48 hours. Of these, the feeble low-level jet over the Arabian Sea and the poorly developed monsoon trough ... More

FOREIGN TRADE
Malaysia to issue multiple entry visas to Indians
Deputy PM sees scope for development of trade More

India, Pak agree on SAARC classification
India and Pakistan have agreed to take lead role in the capacity building programme in classification. While India would provide training for SAARC statisticians in trade classification and activity classification, Pakistan would make similar ... More

HEALTH
Swajas Air sets up medical evacuation co
The Chennai-based Swajas Air Careers has set up a medical evacuation company and air ambulance service called Galaxy Rescue 999. Dr G. Sairamanan, one of the promoters of the company, said the total investment into the company was over Rs 2 ... More

CLRI develops therapeutic footwear
For low or moderate risk diabetic patients More

INFRASTRUCTURE
Maharashtra Board okays 24 SEZs
`Vision 2010' meet under way More

PETROLEUM
Free pricing for oil PSUs
To offset future rise in crude oil price beyond $75 a barrel More

11 E&P cos team up for rig-sharing project
Bid to bring down cost of hiring rigs More

`Cut in customs duty to squeeze oil refiners margins'
Trade parity pricing also to impact negatively More

Change in pricing to hit refining margins of refiners
IOC will lose additional Rs 220 cr over last year More

POWER
Power cos to invest Rs 60,000 cr in 5 yrs
Rs 5,000 cr to be spent on infrastructure in 3 years More

TAXATION
Petrol price: 55% taxes
For every rupee you pay for petrol, 55 paise go to the Government as taxes. How is the tax collected shared between the Centre and the States? Almost 2:1. The Central taxes add up to 38 per cent of taxes on the retail price of petrol, while the ... More

VAT panel meet
The State Finance Ministers are to meet here on June 15 under the aegis of the Empowered Committee of State Finance Ministers on VAT to review the implementation of the new tax system. At this meeting, the VAT implementing States are expected to ... More

EDUCATION
Tally in pact with TNOU
Tally (India) Ltd, a vocational education provider, announced it has signed a memorandum of understanding (MoU) with the Tamil Nadu Open University (TNOU), to jointly provide a certificate programme in accounting software. Mr M.G. Gopi, ... More

For a new look
RESTORATION OF the Senate House, University of Madras, in progress. The work is estimated to cost around Rs 6 crore. The Senate House, constructed in 1873, is the 150-year-old University's first building. ... More

FOODS & FOOD PROCESSING
For a share of the juicy pie
Sustained two-digit growth has players fighting for shelf space. More

REAL ESTATE & CONSTRUCTION
Janapriya weighing fund-raising options
Company mulls roping in strategic investor, pvt placement, IPO More

EGoM tightens norms for gem & jewellery, biotech SEZs
"The minimum land area requirement will remain as it is for the IT sector — 10 hectares and minimum built-up area of 1 lakh sq. metres." an official release said. More

K. Dhandapani arm plans new projects
Dhandapani Properties Pvt Ltd, a wholly-owned subsidiary of the Rs 200-crore K. Dhandapani and Co Ltd, plans to construct over five lakh sq. ft. of residential properties in Chennai, Bangalore, Coimbatore and Tirunelveli. The new ... More

INDUSTRY ASSOCIATIONS
PHDCCI for TV monitoring agency
The PHD Chamber of Commerce and Industry has stressed the need for a monitoring agency for TV content. Television viewership is anticipated to touch 128 million households by 2010, according to the chamber. For this anticipated ... More

READYMADE GARMENTS
Palladam weaving park to have marketing consortium
The promoters of Palladam Hi-tech Weaving Park, an integrated textile park project coming up in the district under the public-private initiative, will also have a marketing consortium of their own. The consortium being promoted will be in place ... More

BIO-TECH & GENETICS
Bangalore tops biocluster list with Rs 1,400-cr revenue
But Western region topples South More

`Develop low-cost drugs for Third World diseases'
Three-day biotechnology show Bangalore Bio 2006 opens More

REGULATORY BODIES & RULINGS
USO Fund support for broadband in rural areas
To promote more usage More

EVENTS
Kamal Nath to lead Indian group at WEF meet
The Commerce and Industry Minister, Mr Kamal Nath, will lead the Indian delegation to the World Economic Forum's (WEF) East Asia Summit beginning June 15 in Tokyo. Japan's Ministry of Economy, Trade and Industry and India's Ministry of Commerce ... More

Ion Exchange customer meet
Ion Exchange Services Ltd, a company in the field of water and wastewater treatment services with two decades of expertise, conducted a customer meet for all leading industrial and institutional customers in Kochi titled "With you, right ... More

ENTERTAINMENT & LEISURE
PVR gets licence for 6-screen Mumbai multiplex
PVR Cinemas on Wednesday announced the acquisition of operating licence to strengthen its presence in Mumbai. The licence enables PVR to open its latest property `PVR Mulund' in Mumbai, taking its screen count to 68 nationwide, the largest ... More

ENTREPRENEURSHIP
Training for leather, jute enterprises at Hyderabad
The Small Industries Service Institute is organising a six-week entrepreneur development programme for `synthetic leather goods and jute products manufacturing' from June 12. "The objective is to develop skills and motivate ... More

INCOME TAX
On the presumption of dishonesty
The threats and challenges of the new tax form More

Issues in cash-flow statement
Form 2F will burden taxpayers More

Jeevan Akshay-III eligible for Sec 80C benefits
The Centre has now said that investments made in Jeevan Akshay-III Plan, which is an annuity plan of Life Insurance Corporation of India, would be entitled for benefits under Section 80C of the income-tax law. Under Section 80C, an individual ... More

EXPORTS & IMPORTS
Centre rules out rubber export ban
'No tinkering with imports, exports' More

Nod for STC to export 1.5 lakh t sugar
Subject to same norms as applicable to ISEC More






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Top Stories
`Freight hike will not be uniform on all routes'


`Super' row over Basmati in the making

No-frills bank accounts: Financial inclusion is good economics

11 E&P cos team up for rig-sharing project

Jeevan Akshay-III eligible for Sec 80C benefits

Centre rules out rubber export ban

EGoM tightens norms for gem & jewellery, biotech SEZs

Bangalore tops biocluster list with Rs 1,400-cr revenue

Change in pricing to hit refining margins of refiners

In Focus

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

In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
More

Looking back
May. 28-Jun. 3
Spurt in rubber prices may not hit manufacturing sector

SEBI embargo worries Karvy

Enhance liquidity in options market: CII

Volatility in carbon trading unlikely to affect India: Expert

India to be cautious in allowing FDI in retail

CIBIL launches commercial bureau

Branded foods to drive HLL growth

REL seeks to ensure gas supply from KG Basin

Oil Ministry told to rationalise duty structure

IIP up 6.7 pc in April

Buyers returning to carbon credit market

More handsets sold than subscribers added: ICA

`Managing capital flow surge, a challenge to developing nations'

FMCG ads come under ASCI scanner

Is this monsoon for real?

Coir exports exceed target

Centre meets revised fiscal deficit target

Accelerating growth: Rangarajan outlines six challenges

Economic growth to decelerate to 6.6% this fiscal: JM Morgan

Pvt sector in coal mining: Govt yet to constitute GoM

CCEA okays scheme to strengthen northern power grid

Govt notifies new I-T returns form for assessment year 2006-07



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