The Hindu Business Line : Tuesday, June 06, 2006

NRIS
Punjab & Sind Bank hikes NRE, FCNR deposit rates
Punjab & Sind Bank hiked the interest rates on foreign currency non-resident (banks) deposits and non-resident external (NRE) deposits from June 1. A release issued by the bank said interest on NRE deposits has been hiked from 6.33 per cent to .. More

ECONOMY
Petrol price up Rs 4, diesel Rs 2
LPG, kerosene untouched; integrated package includes oil bonds, duty reduction More

Grains of failure
A 3.9 per cent contribution by the farm sector to the overall 9.3 per cent GDP may look rosy, but the actual scene is thornier. Needed are farmer-centric correctives. More

ENVIRONMENT
Ennore port projects get environment clearance
Pvt operators to create infrastructure to handle coal, marine liquid cargo More

NGO concern over Kolleru fish tanks destruction
Lok Satta, a non-governmental organisation, has said that the destruction of fish tanks in the Kolleru lake area could not bring back the past glory of the lake. Dr Jayaprakash Narayan, National Convener of Lok Satta, said the massive operation ... More

Pvt players may be allowed to invest in forest lands
The private sector may soon be able to invest in plantations that would help restore degraded forest area and in community land provided they share the benefits with stakeholders including local community and landowning agency. The Ministry of ... More

INFRASTRUCTURE
TDB invites tender for Pampa river project
Unlikely to be completed before pilgrimage season More

PETROLEUM
Fuel price hike: Left, BJP plan protest
The four Leftist allies of the UPA Government and the Opposition Bharatiya Janata Party today dubbed the Government decision to increase petrol and diesel prices by Rs 4 and Rs 2, respectively, as "anti people" and announced that they would go on ... More

MCX, NYMEX in pact for energy futures
The Multi Commodity Exchange of India Ltd (MCX) and the New York Mercantile Exchange (NYMEX) on Monday entered into an exclusive licensing agreement for launching mini-NYMEX energy contracts on MCX. Mr Sharad Pawar, Union Food and Agriculture ... More

PHARMACEUTICALS
Pharmexcil plans biz delegation to four countries
Aimed at encouraging the small and medium enterprises in the Indian pharmaceutical industry, the Pharmaceutical Export Promotion Council (Pharmexcil) proposes to take a business delegation of Indian pharmaceutical companies to Singapore, ... More

MRTPC's interim order against Pune pharma body
The Monopolies and Restrictive Trade Practices Commission (MRTPC) has passed an interim order against a Pune-based Chemist Association directing it to refrain from indulging in the restrictive trade practice of boycotting a pharma dealer. A ... More

POWER
PFC files draft prospectus with SEBI for IPO
Power Finance Corporation (PFC) on Monday filed draft prospectus with SEBI for public offering and divesting five per cent Government stake. PFC is offering an aggregate of up to 154,567,500 equity shares of Rs 10 each for cash at a price to be ... More

Load shedding is now history for Pune city
Initiative to be extended to cover 11,000 villages More

APERC public hearing today
The Andhra Pradesh Electricity Regulatory Commission (APERC) will hold a public hearing on Tuesday at its Court Hall in Singareni Bhavan. The issue is the proposal to impose renewable power purchase obligation on captive power ... More

TAXATION
Maharashtra VAT claim settled
The Finance Ministry has disbursed a sum of Rs 1,114.72 crore to Maharashtra towards compensation for shortfall in tax revenues recorded by the State during July 2005 to January 2006 on account of the introduction of State-level ... More

SSI
CII to promote clusters in small-scale sector
Outlines initiatives to address Southern States' requirements More

EDUCATION
Workshop on group discussions
The Trivandrum Management Association (TMA) is organising a two-day training session on group discussions. The workshop, which will begin on June 12, is intended for MBA aspirants who are rank holders in the MAT and CAT tests, ... More

School gets `Manorama' prize
Kamballoor Government High School, Kasaragode, won the Malayala Manorama prize for the best water-environment-friendly school in the State under the `Palathulli' project during the academic year 2005-2006. The award ... More

Trek to school
CHILDREN ON THEIR WAY to school through the lush fields in suburban Kochi. An approximate 4.5 lakh new entrants will learn their alphabets in Kerala this year. The State Education Minister has promised a homely atmosphere in schools to ease ... More

ICFAI career meet
ICFAI National College, the first MBA college in Raichur has organised a programme titled "A Week to Spend and a Career to Build", focused on free coaching for final year students to prepare for the entrance examinations. ... More

BIO-TECH & GENETICS
Bangalore Bio begins tomorrow
Agri-biotech to be focus of the meet; Industry targets 30-40 pc growth More

GENDER
Study highlights changing attitude of Indian women
`Women today are more practical and rational than earlier' More

HUMAN RESOURCES
Summer jobs: A lucrative option for students
There are at least five girls who enrol every week for work that involves product explanation, promoting commercial events and campaigning for products like cell phones More

INCOME TAX
Withdraw new tax returns form: CAIT
The Confederation of All-India Traders (CAIT) has demanded immediate withdrawal of the new four-page income-tax return form prescribed by the Revenue Department for certain categories of individual/Hindu undivided family ... More

EXPORTS & IMPORTS
Chinese fabrics make inroads into India
Imports register growth of 33% in last 4 years More

TOURISM
`Scope for more luxury trains'
The Director, Indian Railway Catering and Tourism Corporation Ltd (IRCTC), Mr Rakesh Saxena, has said that there is scope for running a second luxury train like the `Palace on Wheels', which is now fully booked till 2010. Addressing a meeting ... More

PEOPLE
Verghese Kurien to resign from IRMA
Dr Verghese Kurien, who recently resigned as Chairman of the Gujarat Cooperative Milk Marketing Federation, has said that he would also resign from Chairmanship of the Institute of Rural Management, Anand of which he was one of the founders. "I ... More