The Hindu Business Line : Monday, September 06, 2004

ECONOMY
China not slowing down as expected
OVER the last one-and-a-half years most of the economists had been setting aside the threat of rising global inflationary expectations with the belief that China would slow down sharply. The difference in opinion had been on whether there ... More

'Need for fresh strategy to raise public investment'
THE strategy of favourable trade leading to increased agricultural production and private capital formation in agriculture did not work in Andhra Pradesh. Therefore, there is a need for alternative strategy of increasing public investment in ... More

FOREIGN TRADE
Team to visit CIS nations on tech mission
A 15-member joint delegation of the Federation of Indian Chambers of Commerce and Industry (FICCI) and Department of Commerce, is visiting three Commonwealth of Independent States (CIS) countries - Kazakhstan, Kyrgyzstan and Uzbekistan from ... More

PETROLEUM
Transporting crude — Leave it to us: IOC chief
THE state-owned oil refiner, Indian Oil Corporation (IOC), is firm on securing freedom to make its own shipping arrangements (currently arranged through the centralised chartering wing, Transchart, functioning under ... More

Oil product movement from North-East — Railways on the fast-track
LAST month, the Indian Railways loaded on an average 480 wagons of petroleum products every day in the North-East for evacuation out of the region, representing a little more than 5 per cent improvement in daily loading ... More

TAXATION
VAT levy on MRP items referred to Ministry
THE Empowered Committee of State Finance Ministers on Value Added Tax (VAT) has referred the issue of levy of VAT on items under maximum retail price (MRP) to the Ministry of Consumer Affairs. The industry has been urging the lawmakers to ... More

EDUCATION
NZ education fair in Mumbai
NEW Zealand will conduct an education fair here on September 11 and 12 at the Taj Mahal Hotel. Representatives from 20 educational institutions across New Zealand will participate in the fair, which will remain open between 11 a.m. and 5 p.m. ... More

REAL ESTATE & CONSTRUCTION
A niche product for the niche client in Mumbai
While a majority of these plush apartments were being taken up by expats on deputation in the country, more and more domestic companies were also showing a propensity to put up their staff in such accommodation. More

FOREIGN DIRECT INVESTMENT
Govt considering 100 pc FDI in pension sector
WHILE foreign direct investment in insurance is still struggling to get close to the halfway mark, FDI in the pension sector could well travel the full distance in the first burst itself. A strong opinion is building within the Finance Ministry ... More

SOCIAL WELFARE
AP: Income limit raised to avail housing benefits
HYDERABAD: The Andhra Pradesh Government has raised the income limit for the beneficiaries under the Weaker Section Housing Programme from Rs 13,000 to Rs 20,000 per annum in rural areas and from Rs 18,000 to Rs 28,000 per annum in urban ... More

EVENTS

Engagements

ENTERTAINMENT & LEISURE
Entertainment industry to grow 20 pc till 2007: CII
THE Confederation of Indian Industry (CII) has projected a 20 per cent growth rate for the Indian entertainment industry till 2007. The chamber said in a comprehensive paper on the industry that the higher growth rate would be fuelled by global ... More

EXPORTS & IMPORTS
Non-oil cos' export earnings surge
MARUTI exported more cars in 2003-04. Tata Motors started exports of its Indica to United Kingdom. Auto component exporters too had a good time. Struggling consumer durable firms such as BPL and Whirlpool too were able to increase their export ... More

EOUs exempted from paying cess on tea exports
EXPORT-oriented units (EOUs) that export tea produced in the country have cause for cheer. They would no longer be required to fork out cess on such tea exported by them. Informed sources said that the Centre has now exempted all tea produced in ... More

TOURISM
Australia woos Indian tourists
INDIAN tourists, whose appetite to travel has attracted world's leading countries, occupied second place among the leading Asian countries visiting Australia. Indian visitors with 38 per cent were only next to Chinese tourists to Australia this ... More

Speed boat at Veli
THIRUVANANTHAPURAM: The State Tourism has introduced an Italian-made speedboat at the Veli tourist village near here. The boat, which is partially covered, is made of fibreglass and will be used for cruises in the Veli-Akkulam lagoon. ... More