The Hindu Business Line : Tuesday, September 05, 2006

NRIS
SBI, Syndicate Bank revise NRE rates
State Bank of India and Syndicate Bank have revised the interest rate on NRE term deposits on varying maturities and FCNR deposits for different currencies with immediate effect. The revised rate for both banks on NRE term ... More

ANTI-DUMPING
Dumping duty on PHPG imports from Singapore to continue
If the anti-dumping duty is withdrawn, the volume gained by the domestic industry so far would be lost and in addition to suppressed prices, this will result in huge financial losses. More

ECONOMY
Infrastructure sector clocks 9 pc growth in July
Growth of nine per cent in the six infrastructure sectors in July 2006, compared to 2.3 per cent in July 2005, lifted the overall growth rate during the April-July 2006 period to seven per cent (6.1 per cent), according to an official ... More

Call to showcase Mangalore's potential
`The city is the most well-connected in Karnataka' More

ENVIRONMENT
NGOs, MPs call for wider talks on new EIA rules
A group of non-government organisations (NGOs) as well as Parliamentarians have alleged that the Environment Ministry has not held consultations with civil society on the new Environmental Impact Assessment (EIA) rules, which are to be notified ... More

Industrial pollution poses health hazard in Vizag
Residents to take out protest march from Gnanapuram tomorrow More

FOOD & DAIRY PRODUCTS
Biscuit makers seek cut in VAT
Industry puts off 15% price hike More

FOREIGN TRADE
`Indo-Japanese bilateral trade below potential'
Mr Yutaka Kobayashi, Vice-Minister of Economy, Trade and Industry, Japan stressed the formation of the Economic Partnership Agreement between India and Japan, at an interactive session with the industry organised by the Confederation of Indian ... More

Netherlands pitches for increased trade ties
Appoints counsellors for industrial affairs, science & technology More

MAIT signs MoU with Japanese IT association
The Manufacturers' Association for Information Technology (MAIT), the apex body representing IT manufacturers, today signed an MoU with the Japan Electronics and Information Technology Industries Association (JEITA) to strengthen and deepen ... More

Oman keen on FTA with India
Oman is interested in developing a Free Trade Agreement (FTA) with India, said Mr Maqbool Ali Sultan, Minister of Commerce and Industry, Oman. While speaking at a meeting with an Omani business delegation organised by the ... More

MMA-Indian American biz body tie up
The Madras Management Association (MMA) announced its tie up with the Indian American Business Promotion Council (IABPC) here on Monday in order to promote and provide information for creating new businesses and setting up joint ... More

HEALTH
Biocon arm Syngene, Swedish co to develop new diarrhoea drug
Indian co gets marketing rights globally except Europe More

PETROLEUM
ONGC, Shell yet to agree on bid strategy for NELP-VI
Indian arm of ENI Italy has agreed to bid jointly with ONGC More

AP invokes ESMA against petroleum strike
The Andhra Pradesh Government has invoked ESMA (Essential Commodities Maintenance Act), banning strikes in the petroleum industry in the next six months from Monday. Mr N. Raghuveera Reddy, Minister for Civil Supplies and Agriculture, said the ... More

PHARMACEUTICALS
Tax sops for pharma R&D may be extended
In order to promote continuous research and development (R&D) activities in the pharmaceuticals sector, the Ministry of Chemicals and Fertilisers has sought approval from the Finance Ministry for extending the time limit of tax exemptions ... More

Govt keen on reviving viable pharma PSUs
Revival packages for BCPL, IDPL, 3 others, says Paswan More

POWER
Power Ministry rejects Rs 5,400-cr incentive claims by States
Bogus claims hinder progress of accelerated power development programme More

TAXATION
CBEC puts recoverable indirect tax arrears at Rs 4,484 cr
The total indirect tax arrears of Rs 24,605 cr includes substantial unrecoverable arrears. More

COAL
Govt plans new coal royalty system
Revenues could go up by 5-10 pc More

EDUCATION
New Zealand education fair
The New Zealand Education Fairs 2006, showcasing the country's education opportunities, will be held here on September 6. About 20 educations institutions will participate. The New Zealand Trade & Enterprise in association with . More

MMA to organise students' convention
The Madras Management Association (MMA) will organise its fifth management students' convention on September 8 and 9 here. Titled `Beyond Quality: Breakthrough innovation', the convention would see more than 800 delegates ... More

`Information literacy is the new goal'
We routinely deal with political risk, economic risk, environmental risk etc. but hardly debate media risks. More

Varsities need to be given functional autonomy: Kalam
Madras University's 150th year celebrations inaugurated More

PAPER, BOARD & NEWSPRINT
Vietnam woos Indian paper mills for plantations
Vietnam, which offers good opportunities to foreign investors to invest in paper manufacturing and plantation, has initiated moves through the State-owned Vietnam Paper Corporation (VPC) to attract private investment via joint ventures with local ... More

INDUSTRY ASSOCIATIONS
CII for hike in share application amount limit for retail investors
In order to give greater leeway for retail participation in initial public offerings (IPOs), the Confederation of Indian Industry has suggested increasing the share application amount limit for retail investors from Rs 1,00,000 to Rs ... More

FOREIGN DIRECT INVESTMENT
Bengal plans complex for Chinese investors at Haldia
An industrial complex exclusively for investors from China is to be set up in Haldia soon. An expression of interest (EoI) in this regard was signed on Monday between the State Government and Jiangsu Overseas Group Corporation (JOGC) of ... More

RURAL DEVELOPMENT
`Indian Bank must support rural growth'
Can contribute to the establishment of PURAs, says Kalam More

HUMAN RESOURCES
Knowledge and the Asian challenge
The scorching pace of expansion in exports of hi-tech manufactured products from China and software and IT-enabled services from India, has supported the view that `knowledge capital' plays a crucial role in the growing global presence of these count ries. C. P. Chandrasekhar and Jayati Ghosh discuss the empirical basis for that assessment. More

TRADE & LABOUR UNIONS
Oil PSU officers to go on strike from today
Govt draws up contingency plan, retail sale not to be affected More

EVENTS
Meet on patent, trademark laws
The Institute of Intellectual Property Research and Practice (IIPRP) is organising a two-day seminar on US patent issues and trademark laws starting here on September 8. The seminar, being held in collaboration with Sughrue ... More

EXPORTS & IMPORTS
Export price outlook bright for Indian cotton
Views differ on whether China will continue to drive up global consumption More

NATURAL CALAMITIES
Special credit plan for flood-hit in AP
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has released a special credit plan with an outlay of Rs 606.14 crore for the flood-hit districts. According to Andhra Bank, the convenor of the State Level Bankers Committee (SLBC), ... More

ALTERNATIVE MEDICINES
Traditional beauty care business hots up
Many cos launch products based on traditional system More