The Hindu Business Line : Friday, November 10, 2006

NRIS
TMB hikes FCNR, NRE deposit rates
Tamilnad Mercantile Bank (TMB) has hiked the interest rate up to 10 basis points on its Non-Resident External (NRE) term deposits. The rates have been hiked by 4 bps to 6.34 per cent for the maturity period of 1 year to below 2 years deposits, ... More

NON-CONVENTIONAL ENERGY
Energy meet seeks level-playing field
The three-day World Wind Energy Conference held here resolved that the Government must remove all subsidies and enforce a level-playing field for conventional and non-conventional energy sectors and, until this is achieved, ... More

SOCIAL SECURITY
Indo-Belgium pact approved
The Union Cabinet on Thursday gave approval for signing a social security agreement between India and Belgium. The agreement would allow Indian nationals working in Belgium on a short-term contract of up to five years to refrain ... More

AUTOMOBILES
Festive season purchases drive up car sales 16 pc in Oct
Motorcycles sales rise 13 pc, CV sales 21 pc More

ARAI to make R&D its main source of revenue
To invest Rs 250 cr over 5 years to upgrade infrastructure More

COURTS/LEGAL ISSUES
Levy of entry tax on excavators illegal: HC
According to appellant, Volvo excavators were vehicles of special types adapted for use only in a factory and not for use on roads More

No let-up
SEALING DRIVE: A Municipal Corporation of Delhi official sealing commercial units operating from the residential area of Lajpat Nagar in the Capital on Thursday. ... More

EXCISE AND CUSTOMS
Customs, excise collections up 32.7 pc till Oct
The Centre's Customs duty revenues continue to be buoyant, with collections in the first seven months (April-October) of the current fiscal registering a growth of 32.7 per cent to Rs 49,216 crore from Rs 37,085 crore in the same period last ... More

FOREIGN TRADE
`Industry must brace up for FTA talks'
The Indian industry will have to brace up for the Free Trade Agreement negotiations and not wait for domestic reforms to prepare them for the big change, said the Commerce Secretary, Mr G.K. Pillai, at a session on `Free Trade Agreements: ... More

HEALTH
Mandatory rural posting of doctors
The Union Health Minister for Health and Family Welfare, Dr Anbumani Ramadoss, has proposed a mandatory rural posting of doctors for a period of one year for them to become certified doctors. Inaugurating the 51st annual ... More

INFRASTRUCTURE
`PCPIR policy may be ready soon'
"The new Petroleum, Chemical, Petrochemical Investment Region (PCPIR) policy is likely to be finalised within a week," Mr G.S. Sandhu, Joint Secretary, Department of Chemicals and Petrochemicals, said on Wednesday. "The major ... More

Goa EDC charts out revival plan
To provide low cost funds to Govt development schemes More

PETROLEUM
Russia keen to join tri-nation pipeline project
Consultant's report on pricing formula expected soon More

PHARMACEUTICALS
Pharma cos make a beeline to South
South India's combination of strong pharmaceutical domain expertise and IT skills availability is a strong draw. As region emerges `pharmaceutical services hotspot' More

`MRP on drugs manufactured after Oct 2 will be inclusive of taxes'
The Tamil Nadu Chemists & Druggists Association (TCDA) has announced that the MRP (maximum retail price) on drugs manufactured after October 2 will be inclusive of taxes in line with the Union Government's order dated June 26, according to Mr M. More

PLASTICS
Work on Poly Park gets under way
Indplas to woo investments in plastics processing More

POWER
Bhilwara Energy bags hydro projects
The recently christened Bhilwara Energy Ltd (BEL), part of LNJ Bhilwara Group, signed a Memorandum of Agreement with the Government of Arunachal Pradesh (GoAP) for Development of three hydropower projects of a total capacity of ... More

Other States eye KPCL's surplus
Punjab may make large power purchases More

TEXTILES
SIMA to invest Rs 1,200 cr in AP
The Chennai-based Loyal Textiles Mills Ltd and the Coimbatore-based Southern India Mills Association (SIMA) will bring in investments to the tune of Rs 1,300 crore into Andhra Pradesh. The representatives of these entities have ... More

SSI
Public sector banks' credit flow to SMEs rises
The credit flow to the small and medium enterprises (SMEs) from public sector banks (PSBs) has recorded a significant rise as on end-September 2006 if one went by the latest data available on this front. PSBs have shown a 26.44 per cent ... More

Invest in captive power facility, SSIs urged
Government ready to sanction facility immediately, provided the initial investment is raised. More

TERRORISM
Govt tightens security at airports
The Government has tightened security at airports around the country after receiving an anonymous letter claiming that Al-Qaeda was planning to bomb Chennai airport. "The anonymous letter written in Tamil was found at Tiruchi airport," Mr Ajay ... More

Chennai airport security beefed up
Security has been beefed up in and around vital installation at Chennai airport, as a result of the threat letter received at Tiruchi airport on Wednesday, according to Mr Dinesh Kumar, Chennai Airport. Airport sources said ... More

EDUCATION
Four qualities to make an effective manager
`One should have six eyes around him and 360-degree vision' More

GEMS & JEWELLERY
De Beers expands search for diamond deposits
Plans investments to intensify exploration activity More

HANDLOOM
Handloom village project launched
Kerala Tourism has started work on a project to set up a handloom village at Balaramapuram near Thiruvananthapuram. The project, which looks to transform Vellikkulam village in Balaramapuram into a tourist destination, was inaugurated by the ... More

BIO-TECH & GENETICS
Centre okays AP plan for biotech SEZ
The Union Government has agreed to a proposal from Andhra Pradesh to set up an exclusive special economic zone (SEZ) for biotechnology at the nearby Genome Valley. Announcing this on Thursday after inaugurating the Global Bio-Pharma Conference, ... More

GENDER
The bride's choice
Young women opt to design their wedding sarees in the colours and patterns they want. More

CREDIT RATING
Crisil unveils ranking of MFs
Sundaram BNP Paribas Select Midcap-Growth has topped the category of equity-diversified schemes, according to Crisil Risk Adjusted Return Ranking (Crisil-RRR) of mutual fund schemes in October. UTI Infrastructure Fund-Dividend moved up one ... More

FOREIGN DIRECT INVESTMENT
Fox group seeks FIPB nod for 100 pc subsidiary
Initial foreign direct investment will be $3,50,000 More

IPR
`US framework on IPR unlikely to see changes'
US Coordinator in India to discuss issues with Govt, industry More

RURAL DEVELOPMENT
Farm hands log into digital landscape
`AKSHAYA' MAGIC More

HUMAN RESOURCES
Shortage of skilled manpower will retard growth: EFI
The Employers' Federation of India (EFI) foresees a "severe shortage of skilled manpower a few years ahead" which would "seriously retard" growth if left unaddressed. The only way to forestall this possibility is a complete overhaul of the ... More

EVENTS
Mega-Tech 2007 in Pune
Focus on process, auto ancillary sectors More

Seeking more funds
ON RISING DEMAND: Organic fruits and vegetables on display at a stall at the India Organic Trade Fair 2006 in Bangalore on Thursday. With demand rising for organic products, the National Centre for Organic Farming has urged the Planning ... More

TOURISM
Kerala Tourism set to launch new ad campaign
Kerala Tourism is set to launch a new ad campaign that shows how `God's own Country works on you'. To be launched later this month, the experience-based ad campaign shows how Kerala reaches out to visitors and changes their lives. Created by ... More

STANDARDS & BENCHMARKS
`No reprocessing of substandard imported food'
Only those consignments of edible/food products which conform to the provisions of Prevention of Food Adulteration Act, 1954 and rules made there-under should be allowed to be imported into India, the Central Board of Excise and Customs (CBEC) ... More