The Hindu Business Line : Saturday, September 09, 2006

ACCIDENTS
No survivors
SOS DRIVE: The rescue team members coming out of the Bhatdih colliery of BCCL near Dhanbad in Jharkhand at wee hours of Friday. Fifty-four miners were trapped inside the mine on Wednesday night and died in an explosion. ... More

URBAN DEVELOPMENT
SPVs for satellite towns suggested
Proposed model inadequate: PwC official More

NON-CONVENTIONAL ENERGY
Cummins India, IISc tie up for biomass-based power systems
Cummins India will launch a new range of generator sets, which would work on gasifiers designed using IISc technology. The generator sets will be available in a range of ratings starting from 25 kWe, and extend to multiple unit power plants over 1.5 Mwe. More

OUTSOURCING
EPO to follow BPO success story
EPO market in India may exceed $40 billion by 2020 More

AUTOMOBILES
Auto-LPG's success raises oil cos' hopes
Sales increase by 85 pc More

ECONOMY
`Govt intends to keep inflation under 5 pc'
The Finance Minister, Mr P Chidambaram, said on Friday that the Government intends to keep the headline inflation rate below five per cent and promised steps to pull it below this mark. The official data released on Friday showed the wholesale ... More

ENVIRONMENT
Domestic cos test online auction for carbon credits
Asia Carbon Exchange in talks with cos for forthcoming auctions More

FOREIGN TRADE
Vietnam keen on trade ties with Kerala
Kerala-based companies invited to set up joint ventures in tourism, IT More

Netherlands keen to strengthen trade ties
The Netherlands is eager to strengthen trade and technological operations with India. "We are looking at Indo-Dutch cooperation in areas like infrastructure, bio-technology, medical applications and information technology (IT)," said Ms Karien ... More

INFRASTRUCTURE
`TN needs to improve infrastructure'
Rail links to Sriperumbudur needed: IDC official More

TN needs $5.5 b for IT, ITeS, hardware by 2011
TCS, Wipro Tech given land papers for Coimbatore centres More

PETROLEUM
GAIL keen on national grid project: CMD
Co has invested Rs 5,500 cr on the project so far More

Ethanol blended petrol from Nov. 1
A national programme to blend 5 per cent ethanol with petrol is set to take effect from November 1, according to an official release. The States to be excluded are those in the North East, J&K, Lakshadweep and Andaman and Nicobar Islands. The ... More

Govt takes steps to strengthen DGH
The Government has amended rule 19 of the Petroleum and Natural Gas Rules so as to enable the Government and Directorate-General of Hydrocarbons (DGH) to get all the data from licensees or lessee, free of cost as and when they are acquired and ... More

PHARMACEUTICALS
New Drug Controller, but temporary appointment
M. Venkateswarlu replaces Ashwini Kumar More

POWER
Maintenance work: Goa plans to buy power from PTC
Goa's Power Department may have to resort to "limited" load shedding to some major industries in case the Western region does not permit substantial over-draw of power during peak hours, the State Government has indicated on Thursday. The ... More

TAXATION
Direct tax collections up 50% in Apr-Aug
FM sees 8% growth. More

COAL
Energy-content pricing model for coal mooted
Plan to launch the futures on Oct 1 More

RADIO/TV
Govt forms panel to frame content code for TV, cinema
The Government has constituted a committee to frame a content code on what can be shown not only on the television channels but also cinemas, the Secretary, Ministry of Information and Broadcasting, Mr S.K. Arora, has said. Equal ... More

Star India plans to distribute more channels
Looking at the possibility of regional, English news channels More

EDUCATION
UCO Bank to focus on educational loans
UCO Bank's Mumbai region is planning to increase its educational loans portfolio from Rs 12 crore as on July to Rs 100 crore by end of this fiscal. The region's retail advances currently amount to about Rs 600 crore out of total advances of Rs ... More

JIPMER to get autonomous status
The Union Cabinet has approved converting Jawaharlal Institute of Post-Graduate Medical Education and Research, Pondicherry (JIPMER) into an autonomous institution through an Act of Parliament to bring it at par with similarly placed institutions ... More

BEVERAGES
CEO endorses Pepsi in TV commercial
The pesticide in Pepsi issue has compelled PepsiCo to come up with a one-of-a-kind of a media campaign, getting the CEO of PepsiCo India, Mr Rajiv Bakshi, to go on air saying: "Pepsi is safe for me, you, your children and mine." Explaining the ... More

REAL ESTATE & CONSTRUCTION
Hong Kong to host first edition of MIPIM Asia
About 50 architecture cos from 19 countries to attend three-day event More

MINING & QUARRYING
Kakodkar dispels fears on uranium mining
`Will have no implication on environment' More

RURAL DEVELOPMENT
Steel prices to come down in rural areas
Major steel producers have decided to reduce the cost of steel by Rs 600-1,000 per tonne in rural areas by absorbing the cost of transportation and distributors' margins. This follows an appeal by the Union Steel Minister, Mr Ram Vilas Paswan, ... More

EVENTS
Chennai to host South Asian accountants' meet
Harmonisation of accounting standards in SAARC region More

INCOME TAX
Simplified I-T law likely from April 1, 2008
Combines all the existing direct taxes into a single law More

Why take advantage of an assessee's ignorance
Unclaimed relief can be sought only through a revised return and not through a letter or representation, rules Supreme Court. More

ALTERNATIVE MEDICINES
AVP plans ayurveda project in Kottayam
The Arya Vaidya Pharmacy (Coimbatore) Ltd (AVP) is launching a project at Kottayam in association with Anugraha Hospital. Dr KM Cherian Heart Foundation will also be a participant in this joint venture project. Considering the contribution of ... More

TOURISM
Goa plans to set up cruise terminal
The State is looking to develop itself into an international hub of marine tourism activity in future by planning projects such as cruise infrastructure and a marina for international vessels at its minor port. Currently, the Government is ... More

`Long-term tourism strategy vital for sustainable development'
`Kerala's success as a tourist destination is based on the attractiveness of its natural and cultural environment. And if these environmental and cultural features are not conserved, Kerala's tourism sector will cease to be an engine of development.' More

AP unveils incentive-packed tourism policy
Move to position tourism as a major revenue generator with private participation More

ECONOMIC OFFENCES
Spurt in PFAD, palm stearin imports: Covert CPO shipments?
There is more than what meets the eye in the unusual increase in import of palm fatty acid distillate (PFAD) and crude palm stearine (CPS) in the last several months as reported in this newspaper (BL, September 7). It is not just that imported ... More