The Hindu Business Line : Monday, October 10, 2005

`BPO sector has influenced job markets'
THE role of the Business Processing Outsourcing (BPO) sector in the job market was highlighted at the valedictory session of the two-day conference on `Leveraging human capital for organisational excellence', organised by the Mangalore Chapter of ... More

CLIMATE & WEATHER

`Low' over Bay strengthening
THE pre-existing upper air circulation over south of Bengal has strengthened into a low-pressure area on Sunday, which is expected to further boost up the rainfall activity over parts of Tamil Nadu, south interior Karnataka, Telengana, Kerala and ... More

ECONOMY

`Consensus, need of the hour'
THIRUVANANTHAPURAM: Economist and member of the National Commission for Enterprises in the Unorganised Sector, Dr K. P. Kannan, has said that Kerala needs to drum up a consensus on insight into and directions of growth if it is to achieve ... More

HOTELS

Hotel industry witnessing boom in AP
In both the five-star and the `budget class' of hotels, Hyderabad has emerged as a favourite destination for new ventures, some of which are already under way. More

INFRASTRUCTURE

Kerala Govt refutes IL&FS official's claims on Sabarimala
THE State Government has rebutted the statements made recently by an official of Infrastructure Leasing & Financial Services Ltd (IL&FS) on plans the company claimed to have for the development of the Sabarimala temple as "baseless and contra More

`SPV formation process for Mangalore SEZ to begin soon'
THE Karnataka Chief Minister, Mr Dharam Singh, has said the process of formation of a special purpose vehicle (SPV) for the implementation of the Mangalore special economic zone (SEZ) will begin soon. Addressing presspersons here on Sunday, he ... More

PSU

MMTC dividend
NEW DELHI: MMTC Ltd on Sunday presented a dividend cheque of Rs 12.42 crore to the Commerce Minister, Mr Kamal Nath, as final dividend for the year 2004-05. The company has declared a dividend of 45 per cent, which includes an interim of ... More

PETROLEUM

`Govt will take tough action against LPG black marketers'
THE Government will take tough action against black marketers of LPG. The Petroleum Minister, Mr Mani Shankar Aiyar, has asked the oil marketing companies to examine whether the rationalisation of the LPG order by the Government is working or ... More

Ministry identifies independent directors for oil co boards to beat SEBI deadline
THE Petroleum Ministry has identified independent directors who could be nominated on the boards of public sector oil and natural gas companies before the Securities and Exchange Board of India (SEBI) deadline of December 31 for compliance with ... More

POWER

`One Dabhol power block to become operational in mid-2006'
ONLY days after Ratnagiri Gas and Power Pvt Ltd (RGPPL) took over physical possession of the Dabhol power project (erstwhile Enron-promoted), a high level team made a site visit on Sunday and pronounced that at least one `block' would be ... More

More low-cost power for Kerala
THIRUVANANTHAPURAM: The State will soon start getting 90 MW more of low-cost power from the eastern grid in appreciation of the fact that it has been supporting the costly naphtha-based thermal station of the National Thermal Power ... More

TAXATION

Withholding tax exemption — Withdrawal may push airlines into turbulence
Both private and state-owned airlines feel it would be in the best interests of the aviation industry if the exemption on the WHT continues. More

Plea to Uttaranchal Govt to defer VAT penal provisions
A SECTION of corporate India has approached the Uttaranchal Government for keeping the penal provisions in their Value Added Tax (VAT) legislation in abeyance for one year. Uttaranchal had implemented the State-level VAT regime from October 1 ... More

TEXTILES

Advantages of duty sops, lower lead-time for exports — Textile cos begin to set up units abroad
INDIAN textile companies have started establishing units in strategic locations abroad to take advantage of reduced export lead-time and duty concessions specific to these countries. Prominent companies such as Zodiac and Ambattur Clothing ... More

Textile Ministry views sought on Committee Cess
THE Finance Ministry has sought the views of the Union Textile Ministry on whether the Textile Committee Cess is to be collected at the point of export or otherwise. A categorical view of the Textile Ministry on this issue is expected to enable ... More

SSI

`CAs must gear up to assist SMEs'
CHARTERED accountants working in the industry will be required to undergo a minimum of 10 hours of learning under the Institute of Chartered Accountants of India (ICAI)'s Continuing Professional Education Programme to keep themselves abreast of ... More

GEMS & JEWELLERY

Gold jewellery exports likely to touch $5 b
GOLD jewellery exports from India are likely to touch $5 billion during the current financial year, indicated Commerce and Industry Minister, Mr Kamal Nath. Exports of gold jewellery are estimated to have doubled from $1.9 billion in 2003-04 to a ... More

PRECIOUS METALS

Global funds turn bullish on gold
IN a run-up to a string of festivals across the country, standard gold prices touched an all time high of Rs 6,875 per 10 gm on Saturday. The skyrocketing price came in the backdrop of global funds turning bullish on the yellow metal in the ... More

Gold shines as retail investment tool
The unprecedented surge in international oil prices and the weakness exhibited by the dollar have also converted gold as a principal tool of investment. More

INDUSTRY ASSOCIATIONS

New President for Indo-American Chamber of Commerce
MR Prabhaker B., President and Chief Executive Officer of JAPCON, a Bangalore-based infrastructure company, has been elected as the National President of the Indo-American Chamber of Commerce for 2005-06. The other office-bearers of the chamber ... More

HUMAN RESOURCES

`Entry level salaries for grads sharply up'
THE starting salary for students passing out fromcourses such as Bachelor of Business Administration (BBA) and Bachelor of Computer Sciences (BCS) across the country has increased fourfold in the last five years, according to an Assocham ... More

EVENTS

Civic chiefs' meet in Hyderabad next month
THE Chief Minister, Dr Y.S.Rajasekhara Reddy, on Sunday announced that a State-level conference of the newly elected chiefs of municipalities and corporations will be held in Hyderabad next month. This is aimed at briefing them about the ... More

FCRA must be scrapped: HelpAge India CEO
THE Foreign Contribution Regulation Act (FCRA) should be done away with, as this legislation has outlived its utility in an era of liberalisation and globalisation, said Mr Mathew Cherian, CEO, HelpAge India. Speaking at seminar on `NGOs— ... More

Agenda for the week

EXPORTS & IMPORTS

Registered export houses may be allowed to import gold in 2 stages — Govt, RBI finalising new liberalised policy
IN what would be a huge step towards making India a `gold trading hub,' the Government and the Reserve Bank of India are giving the final touches to a major policy liberalisation initiative that would permit all registered export houses to ... More

Chidambaram hints at abolition of I-T on DEPB benefits
THE Finance Minister, Mr P. Chidambaram, has hinted that the income tax on profits on sale of duty entitlements could be abolished. "Your grievance about DEPB (Duty Entitlement Pass Book) will be addressed by a suitable amendment to the ... More

Shippers ride the US wave
THE GOING has been good for Indian shippers to the US with Christmas and New Year despatches in full swing. Exports to the US this year through the Chennai port are expected to be around 60,000 TEUs (twenty foot ... More

Now, US grapes luring South Indian markets
AFTER the flood of apples from the US, it is now the turn of table-grapes from California. Buoyed by the success in marketing imported apples, the Chennai-based importers are bringing in large quantities of fresh grapes for the markets in South ... More

NATURAL CALAMITIES

RBI hikes loan limit for quake-hit in J&K
IN an effort to provide speedy assistance to the earthquake-affected people in Jammu & Kashmir, the Reserve Bank of India has advised banks to increase the consumption loan limit from Rs 1,000 to Rs 5,000 without any collateral. The limit may .. More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line