Financial Daily from THE HINDU group of publications
Thursday, September 01, 2005
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INDUSTRY & ECONOMY

ACCIDENTS


MHADA to clear transit camps of trespassers
RESIDENTS in 788 apartments in Dharavi, Sion and Kurla transits camps, which have been forcibly occupied, would be evicted immediately, the Maharashtra Housing and Area Development Authority (MHADA) officials informed newspersons on Wednesday. ... More

CLIMATE & WEATHER


Cyclonic air circulation brings rain to South
TUESDAY'S upper air cyclonic circulation over southeast Tamil Nadu and adjoining southwest Bay of Bengal has churned its way overnight towards west-central Bay off the south coastal Andhra Pradesh coast bringing moderate rain to the peninsula. ... More

Wet spell, again
An upper air cyclonic circulation over the Bay of Bengal has been bringing rain to peninsular India for the last two days. Thiruvananthapuram received moderate rain overnight that continued on Wednesday. ... More

NON-CONVENTIONAL ENERGY


Wind power body to set up panel to study infrastructure problems
THE Indian Wind Power Association, a representative body of those who have put up wind turbines, has decided to set up a committee to study infrastructure problems affecting the sector, especially in Tamil Nadu. The committee, to be headed by ... More

SOCIAL SECURITY


LIC offers Rs 6,000-cr cover to Infosys staff
LIFE Insurance Corporation of India (LIC) said that it has offered the largest group term life insurance cover to employees of Infosys Technologies Ltd, for a total sum assured close to Rs 6,000 crore. The policy offers graded insurance cover ... More

Assocham suggests measures for effective EPFO functioning
THE Associated Chambers of Commerce and Industry of India has outlined certain steps for effective functioning of the Employees Provident Fund Organisation (EPFO). In a communication to the Government, the chamber has said that since the annual ... More

ANTI-DUMPING


`AP shrimp farmers badly hit by US anti-dumping duty'
THE State Government wants the US to revoke the anti-dumping duty on shrimp imports into that county and is hopeful of a positive outcome, especially after the recent visit of the US team to Nellore to assess the tsunami damage to the fisheries ... More

COURTS/LEGAL ISSUES


Conflict resolution: NY-based body keen on cooperation
THE New York-based International Institute for Conflict Prevention & Resolution (CPR), an international non-profit alliance of some 500 global corporations, leading law firms and academics at the forefront of new alternatives to litigation, is .. More

ECONOMY


India to post 7 pc growth despite oil worries: ADB chief
DESPITE global worries on the oil price front, the Indian economy is set to come out winners with a sustained 7 per cent growth over the next couple of years, Mr Haruhiko Kuroda, President, Asian Development Bank (ADB), said. "We are positive ... More

High-cost of small savings fund loans: States feeling the pinch
States are finding it difficult to reduce commissions being doled out to agents for promoting small savings. More

Council prepares draft plan for manufacturing sector
THE National Manufacturing Competitive Council (NMCC) has prepared a draft National Strategy for Manufacturing in India. It focuses on creating conditions for growth and employment in the manufacturing sector that currently contributes about 17 ... More

ENVIRONMENT


`Secret' environ draft policy made public by NGO
A COPY of the draft National Environment Policy (NEP), which has been marked `secret' and submitted to the Union Cabinet for clearance by the Union Ministry of Environment and Forests, (MoEF) has been obtained by EC-Watch, a collective engaged in ... More

EXCISE AND CUSTOMS


SBI to collect Central excise, service tax in Mangalore
THE Union Government has authorised State Bank of India to collect central excise and service tax in Mangalore Commissionerate of Central Excise. Addressing newspersons here on Wednesday, Mr K. Venkatachalapathy, Assistant General Manager, ... More

FOREIGN TRADE


Kamal Nath to hold bilateral talks with Italy
THE Union Commerce and Industry Minister, Mr Kamal Nath, is to visit Italy during September 1-4 for bilateral discussions with his Italian counterpart, Mr Claudio Scajola, who is the Minister for Productive Activities. An official release said ... More

HEALTH


Insurers competing for State health cover schemes
The State Government insurance schemes involve large number of policies worth crores of rupees. More

INFRASTRUCTURE


Ernst & Young combine appointed advisor to Iran-India pipeline project
AFTER a warding off stiff competition from other consultants, the Ernst & Young (E&Y) India and E&Y UK combine is to be appointed as the financial advisor for the Iran-Pakistan-India pipeline project. A decision to this effect was taken More

GAIL may participate in Iran-Pak-India pipeline
GAIL (India) Ltd has not ruled out a possibility of participating in the Iran-Pakistan-India (IPI) pipeline consortium. A senior GAIL executive told Business Line that a number of options for import of gas from Iran were being examined, ... More

Goa to go in for product-specific SEZs: Minister
GOA would go in for product specific special economic zones (SEZs) such as pharma, jewellery and biotech parks, the Minister for Industries, Mr Luizinho Faleiro, said in the State Assembly on Tuesday. Replying to Opposition queries during ... More

PETROLEUM


Petrol, diesel prices go up 30 pc in UAE
THE skyrocketing oil prices has had its consequence in the UAE, a major oil producer, with prices of petrol and diesel set to go up by 30 per cent from September 1. Petroleum distribution companies throughout the country have decided to hike ... More

To soften impact of global crude prices — `Oil marketing cos should pitch for better discounts from pvt refiners'
The Finance Ministry's comments come in response to the proposals sent by the Petroleum Ministry on measures to restore the financial health of the public sector OMCs. More

Hurricane effect: US may face energy crisis
THE after-effects of Hurricane Katrina could leave the US facing a severe energy crisis because of imminent supply disruption in an already tight market. Experts are coming around to the view that demand compression or demand destruction alone ... More

POWER


Delhi Govt okays rollback of power tariff hike
THE Delhi Cabinet on Wednesday approved a rollback of the 10 per cent power tariff hike following unprecedented protest by citizens' groups against the move. This is the first time that a tariff hike allowed to private distribution companies ... More

TAXATION


`States with VAT in place may earn higher revenues'
TAX revenues of value-added tax (VAT) implementing States are likely to register a robust growth in the second quarter of the current fiscal despite the disruptions caused by the rains that lashed Mumbai in the last week of July. "We expect ... More

SSI


Crisil launches SME rating service
`The rating could help SMEs avail themselves of credit at better rates.' More

BREWERIES


Not just wine, but beer too would flow freely!
WINE-MAKERS may be popping the bubbly as the Centre prepares to loosen its grip on wine. But the "preferential treatment" given to wine could be extended to beer too. As Maharashtra sits on the fence on whether `wine should flow as freely as ... More

RADIO/TV


A brand news challenge
News channels are investing in brand building as they see in it a way to cut through the clutter. But is that enough? More

EDUCATION


National Insurance offers cover for educational loans
THE National Insurance Company (NIC) has submitted a proposal to the Kerala Government for providing insurance cover to those students who avail themselves of educational loans. This comes at a time when sanctioning and repayment of ... More

Hegde institute's new campus
MANGALORE: The foundation stone laying ceremony for the new campus of the Justice K.S. Hegde Institute of Management was held at Nitte in Udupi district on Wednesday. In a press release here, Dr M.S. Moodithaya, Director of the ... More

GEMS & JEWELLERY


Jewellery design and tech institute set up in Delhi
THE Confederation of Indian Industry's Delhi State Council and the Delhi State Industrial Development Corporation (DSIDC) have joined hands to set up a National Institute for Jewellery Design and Technology in Delhi. At a session on `Delhi: An ... More

PRECIOUS METALS


Gold faces downside risk on long liquidation
GOLD has got stuck in the recent range of $433-438 an ounce, and continues to take its cue from euro movements. There seems to be a lack of catalyst to drive prices in either direction, while investors have turned cautious. Record speculative ... More

INDUSTRY ASSOCIATIONS


Vanaspati cos hit by duty structure: PHD Chamber
THE growth of the vanaspati sector has been affected by an ``inverted'' duty structure coupled with the increasing import of the commodity from Malaysia, posing a potential threat to its very survival in the country, the PHD Chamber of Commerce ... More

GENDER


Big, real and beautiful
Bigger women are finally having their day in advertising in the US. Or are they? More

Women lawyers back Nalini Chidambaram
A GROUP of women lawyers have come out in support of Ms Nalini Chidambaram's appearance for the Income-Tax Department in Chennai High Court. Pointing out that she is one of the few senior women counsels in the male-dominated legal profession, ... More

FOREIGN DIRECT INVESTMENT


ABF plans 3 projects in Bengal
ABF International, a business promotional arm of Henry Ford's great grandson, Mr Alfred Ford, has plans to make massive investments in India promoting and developing tourism, adventure sports, village industries' park and cosmology. While its ... More

EVENTS


Cardiological society meet in Mangalore
MANGALORE: The third annual conference of Cardiological Society of India and the Karnataka Association of Cardiothoracic and Vascular Surgeons will be held here from September 2 to 4. A press release by Dr B.V. Manjunath, Organising ... More

INCOME TAX


FICCI urges rethink on some aspects of FBT
WHILE welcoming the Finance Ministry's explanatory notes on the Fringe Benefit Tax (FBT), the Federation of Indian Chambers of Commerce and Industry (FICCI) also expressed concern over some issues, includingthe move to impose FBT on dealer ... More

  • Due date for filing TDS returns extended

    EXPORTS & IMPORTS


    Cashew exports may gain on dip in global output — Delay in Indonesian, Brazil crops seen pushing up demand for Indian produce
    THE delayed cashew crop in Brazil and Indonesia is likely to push up demand for Indian cashew kernel this year in the world market. This could result in cashew exports topping last fiscal's level. "The delay would result in decline in ... More



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    Top Stories
    Change in functioning of IRDA's tariff advisory panel on cards


    Forrester report points to hike in IT budget by Indian firms

    `Market researchers ignoring key consumer segments'

    `States with VAT in place may earn higher revenues'

    Not just wine, but beer too would flow freely!

    Cashew exports may gain on dip in global output — Delay in Indonesian, Brazil crops seen pushing up demand for Indian produce

    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
    Aug. 21-Aug. 27
    Marxism insights must guide development policy design: PM

    Domestic copper prices rise to record high

    High crude prices derail IndianOil Petronas' plan to set up LPG terminal

    LS passes employment guarantee Bill — Scheme to be implemented in 200 districts in phase-I

    Garlic exports gallop on access to Pak, Bangla

    7-8% growth rate must to sustain job scheme: PM

    India Inc upbeat, says FICCI survey

    `Brand-repair' a major issue for drug cos: KPMG

    NAC draft Bill urges cess for unorganised sector

    Food Safety & Standards Bill tabled in Lok Sabha

    PM confident of consensus on FDI in retail, labour laws

    Drop in minerals prices pulls down inflation

    Foreign pilots may be hired to fly Air India's B777s

    Weather alarm for northwest; overall deficit 3 pc

    Automotive tyre exports up 6.3 pc

    Advisory panel to suggest integration of oil PSUs: Aiyar


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