Financial Daily from THE HINDU group of publications
Friday, February 25, 2005

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


`Much scope for Indo-Canadian co-operation in research'
THE Canadian High Commissioner, Ms Lucie Edwards, said that there is potential for mutual co-operation between India and Canada, particularly in the areas of science and technology-related research. Speaking at the `XXI International Conference ... More

BUDGET


What's in it for me?
People air their budget dreams in the run-up to B-day on February 28. More

Budget session begins today
THE Budget session of Parliament, beginning Friday, will be dominated mainly by economic issues such as Rail Budget and the Union Budget for 2005-06 in the first few days and discussion on the motion of thanks on the President's ... More

ENVIRONMENT


A mighty river cries for help
Kanpur wakes up to the dangers of disposing human corpses and animal carcasses into the Ganga. More

EXCISE AND CUSTOMS


Scrutiny of self-assessed excise returns likely from April 1
COME April 1 and self-assessed excise returns may come under the scrutiny of the revenue department. The coverage of selective audit under the Cenvat credit rules, now confined to manufacturers, may be expanded to include dealers. The Finance ... More

Coimbatore zone excise collection down 16 pc
But the zone's revenue mop-up in Central excise, its main kitty, has fallen short by 16 per cent during the first 10 months of current fiscal 2004-05. The total service tax collection made up to January 2005 for the zone is up by 48 per cent to ... More

8-digit classification code for excise from Budget day
THE Union Budget day - February 28 - would see the implementation of a significant tax reform measure on the central excise front even though there may be no mention of this development in the Finance Minister Mr P. Chidambaram's Budget ... More

INFRASTRUCTURE


Falcon Infrastructures begins second phase of expansion
FALCON Infrastructures Ltd, which set up a modern truck terminal at Kalamassery near here, has commenced its second phase of expansion that will elevate the project, an auxiliary unit, to the upcoming Vallarpadam International Container ... More

Centre gives more time for Mangalore coastal SEZ project
THE Union Government has extended the `in-principle' approval given to the Kanara Chamber of Commerce and Industry (KCCI) for establishing a coastal special economic zone (SEZ) in Mangalore till August 31. A press release by the KCCI ... More

STEEL


Move to promote usage of steel in construction
THE International Iron and Steel Institute and 11 member companies have agreed to a five-year 14-million euro (around Rs 81 crore) programme to increase the use of steel in construction by up to 10 per cent over the next five years. ... More

TAXATION


Why should services be exempt from tax?
IF goods are taxed, why should services be exempt? Especially when they account for more than 50 per cent of the GDP but generate only 3 per cent of tax revenues. The question is whether commodities taxes will correspondingly be decreased. No ... More

WATER


AP, Orissa to set up expert panel on Vamsadhara project
THE State has agreed to set upa joint committee of technical experts to sort out bottlenecks involving the reservoir on the Vamsadhara river near Hiramandalam in Srikakulam district. Expressing readiness for the constitution of such a ... More

BREWERIES


AP High Court terms Excise Policy `unconstitutional'
THE Andhra Pradesh High Court on Thursday struck down important aspects of the new Excise Policy declared by the State Government this month. Official sources said that the Government would go in for appeal over the verdict. Delivering a ... More

PERSONAL PRODUCTS


Consumer goods sector wary of VAT regime
THE fast moving consumer goods (FMCG) sector may be snapping out of its slump but leading players are cautious about rising input costs and the impact of value added tax (VAT) if it is implemented. "Down-trading appears to have bottomed out and ... More

RADIO/TV


BCCI free to choose channel for telecast: Madras HC
THE suspense and anxiety of cricket lovers over the Indo-Pak cricket series beginning on schedule was over on Thursday when the Madras High Court gave a free hand to the Board of Control for Cricket in India to choose its production unit for ... More

Indo-Pak series to be aired on DD
CRICKET lovers will finally be able to watch India take on Pakistan in the home series commencing on March 8. The Pakistan team is due to arrive here on Monday to play three tests and five one-day internationals (ODIs) on their first full tour of ... More

CARS


The blurring line between MPV and car
REMEMBER that saying - it's a bird, it's a plane, no it's Superman - about one of comic strips' most popular heroes? The domestic passenger car market is beginning to look as confusing with previous rigidities in vehicle categories blurring ... More

REAL ESTATE & CONSTRUCTION


Govt allows 100% FDI in construction sector
BIG time foreign investment flowing into the real estate sector could soon be reality with the Government today substantially easing the foreign direct investment (FDI) norms in the construction and real estate development sector. Instead of ... More

Kolte-Patil to take up IT office space projects
THE Pune-based Kolte-Patil Developers Ltd has firmed up plans to straddle the burgeoning demand for office space from the country's fast-growing information technology industry. In addition to half a dozen large projects in this segment in ... More

More IT space in Chennai
CHENNAI: The Chennai-based Bhaskara Constructions has gone in for a joint development with the Shrine Velankanni Senior Secondary School for a Rs 12-crore commercial space for Information Technology and Information Technology Enabled ... More

PRECIOUS METALS


Spot gold may vault higher
SPOT gold prices are higher after news that South Korea's central bank planned to diversify its dollar reserves, which are the world's fourth largest, into a greater variety of currencies. Spot prices hit their highest in 2005 as the dollar ... More

INDUSTRY ASSOCIATIONS


Assocham wants Govt to emulate Delaware M&A model
IN a bid to facilitate mergers between Indian and foreign companies, the Associated Chambers of Commerce and Industry of India (Assocham) has suggested the Government to emulate the US Delaware corporate model which encourages mergers and ... More

DISINVESTMENT


Salem Steel Plant disinvestment shelved
THE Government has shelved plans to disinvest Salem Steel Plant (SSP) of the Steel Authority of India (SAIL). The decision comes in the wake of the plant returning to profit. According to the Minister for Steel, Chemicals and Fertilisers, Mr ... More

FOREIGN DIRECT INVESTMENT


Leather stocks shine on FDI hopes
LEATHER stocks on Thursday saw a smart upward movement backed by increase in traded quantity. According to dealers and brokers, today's announcement by the Government on reducing FDI barriers in the construction sector renewed expectations that a ... More

White paper pitches for FDI in retail
MAKING a pitch for opening up the retail sector to foreign direct investment (FDI), a white paper by Federation of Indian Chambers of Commerce and Industry (FICCI) and ICICI Property Services has said that FDI has played a key role in the rapid ... More

RURAL DEVELOPMENT


Rs 469 cr from Nabard to AP rural projects
NATIONAL Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 468.95 crore as loan assistance to the Andhra Pradesh Government under the Rural Infrastructure Development Fund for executing rural projects. With this, the ... More

TRADE & LABOUR UNIONS


Tuticorin salt workers plan to go on strike
THE Salt Workers Unions at Tuticorin have decided to go on an indefinite strike over the issue of wages, following the failure in the two rounds of talks held earlier with trade associations, in the presence of the Labour Officer (in-charge) and ... More

EVENTS


CII Young Indians summit begins in Bangalore today
DR A.P.J. ABDUL KALAM has never failed to tell us: Dream of something and you shall achieve it. For two days from Friday, the `voice and spirit of India's next generation' will be out in strength in Bangalore, talking of its dreams of a developed ... More

ENTREPRENEURSHIP


Back rural entrepreneurs, banks told
THE Union Minister of Rural Development, Dr Raghuvansh Prasad Singh, on Thursday called upon the banking industry in the country to bolster rural entrepreneurship to generate income and employment for the rural people, taking advantage of the ... More

INCOME TAX


Scheme to unearth black money without any change in law likely
EVEN while admitting that there is actually no real deterrent to generation of black money in the economy at the moment, given the lack of administrative muscle required to root out the menace, the UPA Government, it is learnt, may not be averse ... More

NATURAL CALAMITIES


Revised package for TN fishermen announced
THE Tamil Nadu Government has announced a revised package to support fishermen who have lost their fishing crafts in the tsunami that struck the coast on December 26. In a statement, the Chief Minister, Ms J. Jayalalithaa, said that that the ... More


Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
Pick a Winner Stock Market Contest

Top Stories
Congress (mis)calculation


Consumer goods sector wary of VAT regime

Leather stocks shine on FDI hopes

Banks can meet Basel II capital adequacy norms, says Crisil

Retail sector growth fuels speciality malls business

Indian food sector looks West to tickle taste buds

Why should services be exempt from tax?

Railways: Making it the beast of burden

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. 13-Feb. 19
Import of sensitive items down in April-Nov 2004

`Resilience of Andaman people amazing'

Insulin prices have bottomed out, says Wockhardt chief

Power tariff policy to be placed before Cabinet next month: Sayeed

Hyderabad STPI exports top $1 b

Business confidence on the rise: FICCI

Kamal Nath seeks more Italian FDI

Aiyar moots Asian gas grid

Car sales rise 8% in Jan

`Govt considering FDI in construction sector'

Kyoto Protocol comes into force — Investments to flow in for energy efficient projects

To meet target of 110 mt by 2020 — Steel sector mulls raising Rs 8,000 crore annually

Auto ind looking for measures in Budget to maintain GDP growth

Corporate battle for sugarcane intensifies

`Tsunami destroyed 70% of Nicobar's infrastructure' — Mr Mohamed H. Jadwet, President, Andamans Chamber of Commerce and Industry

Prasar Bharati plans to seek funding from World Bank

Govt urged to encourage import of raw sugar

Paper mills plan price hike

Ministry to relax rules for movement of psychotropic drugs


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line