The Hindu Business Line : Friday, June 16, 2006

CLIMATE & WEATHER
Monsoon revival slightly advanced as pulse builds
Southwest Arabian Sea is already witnessing cloudiness ahead of a revival of monsoon, prompting the National Centre for Medium Range Weather Forecasting (NCMRWF) to slightly advance the outlook for rains. According to Mr J.V. Singh of the ... More

NRIS
Cell majors working on NRI fund transfers via SMS
Philippines model under study; proposal discussed with Govt More

NON-CONVENTIONAL ENERGY
Muttemwar to visit Germany
Mr Vilas Muttemwar, Minister of State (Independent Charge) for Non Conventional Energy Sources is scheduled to visit Germany to have a meeting with the German Wind Energy Association and Industries for holding discussions for joint manufacturing ... More

EXCISE AND CUSTOMS
Govt cuts tariff values for vegoils
$6/t for palm group; $17 for soya More

FOREIGN TRADE
Kuwait signs three agreements with India
India and Kuwait on Thursday signed three agreements to boost ties after Emir Sheikh Sabah al-Ahmad al-Sabah held talks with the Prime Minister, Dr Manmohan Singh. The countries inked three key agreements on avoidance of double taxation, ... More

Houston keen to expand trade ties
A delegation from Houston, US, comprising industries from the infrastructure, healthcare, tourism and finance sectors, expressed its desire to expand trade relations with India at a CII interaction with members from the Indian ... More

HEALTH
Vijaya Bank ties up with National Insurance
Health cum accident cover for customers More

Leadership awards to heart surgeon, educationist
Noted heart surgeon Dr Devi Prasad Shetty and educationist Dr Abraham Ebenezer received the Global Leadership Awards on Thursday for distinguished service in the fields of healthcare and education from the Centre for Contemporary Issues (CCI), a ... More

HOTELS
Uppal-Kamath may bag deal for Rly budget hotels
The Uppal-Kamath consortium is likely to win the contract to develop the Railways' budget hotel in Vijayawada and Madurai. Indian Railway Catering and Tourism Corporation (IRCTC) opened the financial bids for these locations on Thursday, Ministry ... More

INFRASTRUCTURE
Rlys sends freight corridor proposal to Cabinet
RITES doing a detailed feasibility study More

PETROLEUM
`Right fuel pricing is the only way to efficiency'
Though India has not been as gluttonous in fuel as some developed countries, our energy efficiency is far from satisfactory. Because of political pressure, by not pricing fuel correctly, our efficiencies have suffered. If you don't right-price, you d on't realise the value of what you are consuming. — MR R. SESHASAYEE, PRESIDENT, CII More

Kuwait expects crude to stabilise at $65-70
Kuwait, one of the major oil producers of West Asia, expects crude prices to stabilise at $65-70 a barrel. Speaking to newspersons on Thursday, Kuwait's Oil Minister, Sheikh Ahmad al-Fahd al-Sabah, also said that demand in winter is likely to be ... More

TAXATION
Info on computing petrol, diesel basic price sought
States will take call on sales tax cut after receiving response: VAT Panel More

UP Govt rules out cut in sales tax on petrol, diesel
Urges Centre to provide 25 pc subsidy on diesel used for agriculture More

SSI
SSI Ministry refunds to small units for ISO cert rise
The Ministry of Small Scale Industry's (MSSI) effort to streamline the process of getting reimbursement for the cost of acquisition of an ISO 9000/ISO 14001 certification seems to be paying off. The Ministry reimbursed 4,101 small units last ... More

BREWERIES
States' views sought on liquor import duty
The VAT Panel has asked the States to submit their views in writing on the mechanism that could be adopted for levying countervailing duty on liquor/alcohol imported into the country. Currently, imported liquor is subjected to an additional ... More

EDUCATION
A new institute for aspiring designers
The course to start in August More

i-flex to support Karnataka educational initiative
i-flex Solutions has announced an investment of Rs one crore to develop a comprehensive Decision Support System under an educational initiative. The company on Thursday signed a memorandum of understanding (MoU) with the Karnataka Government to ... More

FOODS & FOOD PROCESSING
Mango processors in a soup over high prices
Low export prices for canned pulp compound problems More

MEDICAL INSTITUTIONS & HOSPITALS
ESIC to increase wage ceiling for coverage
Decides to take over all hospitals jointly run by Centre, States More

REAL ESTATE & CONSTRUCTION
`Real estate: New route for investments'
The time to unveil real estate funds in the Indian markets has arrived as investors are ready to `lock-in' to realise the full potential of their investments. The need to consider challenges while foraying into real estate funds was ... More

INDUSTRY ASSOCIATIONS
New FAPCCI President
Mr Sudhir Sanghi, Managing Director of Sanghi Spinners India Ltd, has been elected President of Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) for 2006-07. He succeeded Mr C.V. Atchut Rao. Mr Atluri ... More

FOREIGN DIRECT INVESTMENT
Japanese industrial cluster in India soon
More

SOCIAL WELFARE
AP Govt to provide over Rs 10,000 cr for SHGs
The Andhra Pradesh Government is contemplating providing more than Rs 10,000 crore in the next three years for the enhancement of the economic conditions of women Self Help Groups (SHGs) under Pavala Vaddi initiative through Indira ... More

INCOME TAX
TDS: Due date for e-filing extended
The Finance Ministry has extended the due date for electronic filing of quarterly statement of tax deducted at source (TDS) from `salaries' for the quarter ended Match 31, 2006 to July 31. The income-tax rules specify June 15 as ... More

Karnataka Bank chief calls for prompt tax payment
The Chairman and Chief Executive Officer of Karnataka Bank Ltd, Mr Anantakrishna, has urged taxpayers to be prompt in paying tax and not to find loopholes in the Income-Tax Act. Inaugurating the Income-Tax Help Centre in the premises of the ... More

EXPORTS & IMPORTS
Edible oil imports decline 21%
Crude oil shipments up More