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Sunday, March 06, 2005

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INDUSTRY & ECONOMY

INVESTMENTS


Tax savings — Higher returns, optimal portfolio
IN THE end, the Budget proposals must have come as a pleasant surprise to salaried taxpayers and the self-employed, especially the latter. The expected overhaul of personal tax laws has not increased the tax ... More

Equities, PPF and the right mix
The Budget may have made equity investments worthwhile, but also consider PPF, which is a potent investment capable of delivering `equity-like' returns in the later years. More

BUDGET


Budget strikes the right chord
IN a post-Budget rally, the Sensex, Nifty and CNX Midcap 200 indices touched all-time closing highs last week, after moving in a narrow band in February. Is this rally a direct outcome of the 2005-06 Budget presented ... More

Chidambaram's different strokes
TIRED of reading about complex Budget proposals that run into reams of newsprint? Here, we have tried to lighten your load by outlining the impact of some offbeat Budget proposals that may affect you as a common ... More

ECONOMY


`Growth in services will drive manufacturing sector'
ONE reason for the growth in the services sector in India is the liberalisation in the regulatory framework that gave rise to innovation and higher exports from the services sector. Ultimately, improvements in the services sector will drive ... More

Govt to strive for benign interest rates, stable prices — Plans to borrow less next fiscal
THE Finance Minister, Mr P. Chidambaram, on Saturday said that the Government would work with the Reserve Bank of India to ensure price stability and a benign interest rate regime. "I have requested and promised the RBI Board to work with it to ... More

FOREIGN TRADE


MoU signed with Venezuela for ties in hydrocarbon sector
INDIA and Venezuela have entered into six agreements and memorandum of understandings in various sectors including hydrocarbon, biotechnology and space science and technology. An agreement for cooperation in the hydrocarbon sector was signed ... More

HEALTH


Asia Cryo-Cell plans to expand network
ASIA Cryo-Cell Pvt Ltd, a cord-blood bank, which just moved into its own facility near Chennai, plans to expand its network in India, Singapore and Malaysia. The cord-blood bank has been set up in technical collaboration with Cryo-Cell ... More

PETROLEUM


Gas Industries Group to moot changes in draft petroleum Bill
PRIVATE sector and multinational gas companies hope to submit to the Government their proposals for changes in the proposed Petroleum and Natural Gas Regulatory Board Bill by next week. The seven companies, including British Gas, ExxonMobil, ... More

TAXATION


Chidambaram says no to withdrawal of service tax on forex payments
THE Finance Minister, Mr P. Chidambaram, on Saturday virtually rejected the industry's demand for a review of the decision to withdraw the existing service tax exemption on all payments received in convertible foreign exchange. The Finance ... More

CARS


The power sting of Scorpio
THE Scorpio has been a runaway success for Mahindra & Mahindra. So much so, that it has revved up the company's confidence in becoming a leading passenger vehicles manufacturer (of not just the utility vehicles ... More

INCOME TAX


Budget 2005: An investor's perspective
A LOOK at the implications of the changes in direct taxes in the Budget as far as they relate to individuals. The changes take effect from April 1, 2005 (assessment year: 2006-07). Change in tax slabs/shelters: ... More

TOURISM


`States committed to single window clearance for tourism projects'
IN a bid to ensure the availability of adequate hotel rooms in metro cities and tourist sites, all the States have agreed to work together towards streamlining their land policy through re-zoning and redefining land. This emerged at the ... More

More flight options for Indian holidayers
THE skies are literally opening up for the Indian traveller. With the holiday season coming up, those planning to fly to European destinations and the Far East will soon have the option of not only choosing from more flights operated by Indian ... More

PEOPLE


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    Top Stories
    Chidambaram says no to withdrawal of service tax on forex payments


    Bank credit up by Rs 5,461 cr

    Indian glitter seen continuing in diamond market

    `Growth in services will drive manufacturing sector'

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Feb. 27-Mar. 5
    UP, Bihar get 30 pc of tax devolutions

    Gold retail investment demand remains strong

    Cotton yarn exports begin to dip as made-ups make headway

    Drug cos hope to cash in on anti-tobacco drives

    Sharp fall in LPG demand upsets refiners' plans

    Real estate sector cries foul

    Centre's market borrowings may rise 68 pc next fiscal

    Corporate income-tax — A mix of lower tax shelters & rates

    A recast of personal taxation

    Law soon to allow banks to issue pref shares

    Tax savings: Choices galore

    Exporters not enthused by Budget plans

    Experts seek rollback of cash withdrawal tax

    Fringe tax to bite deeper into smaller IT cos

    `In the right direction for hardware sector'

    Partnership firms will have to file I-T returns

    Coal stock position `super critical' at 8 thermal stations

    Service tax exemption on forex payments to go

    The logic of tax on fringe benefits, savings

    TN zone export units' turnover to cross Rs 5,000 cr

    TN trade, industry bodies want quick shift to VAT

    Fringe benefit still gives drug industry the chill

    Software exports from TN to touch Rs 10,000 cr


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