The Hindu Business Line : Friday, December 16, 2005

Fresh spell of rains likely in TN, Kerala
CONVECTIVE rain bands from the `low' over south-east Bay of Bengal are seen fast approaching the eastern peninsular coast and are likely to trigger a fresh spell of scattered to fairly widespread rain over Tamil Nadu, Pondicherry and Kerala ... More

AWARDS & HONOURS

ICRISAT award for BL correspondent
Mr R. Balaji, a Special Correspondent of The Hindu Business Line at Chennai, has won the annual Millennium Science Award instituted by ICRISAT (International Crops Research Institute for the Semi-Arid Tropics), here. He has won the award ... More

ECONOMY

`India poised to achieve over 8 pc growth this fiscal'
THE Finance Minister, Mr P. Chidambaram, on Thursday expressed confidence that the country could achieve growth rate of over 8 per cent this fiscal, if certain difficult decisions were undertaken along with a human face and a pragmatic ... More

HEALTH

Green diet
A cost-effective way to tackle chronic anaemia in rural women. More

Healthy empowerment
If women are empowered with knowledge about basic healthcare and hygiene, and educated on the Right to Information, they go on to become much more than agents of change. More

PSU

8 defunct urea PSUs to be restarted: Paswan
THE Government will re-operationalise eight urea producing units in the public sector lying defunct in various parts of the country and go in for joint ventures in foreign countries for meeting the growing demand for urea, the Minister for ... More

PETROLEUM

IOC, ONGC block deal plan to help save on capital gains tax
THE block-deal route proposed by by Indian Oil Corporation (IOC) and Oil and Natural Gas Corporation (ONGC) for offloading their cross-holdings will help them save on capital gains tax and other costs. More importantly, the deals are likely to be ... More

H1 credit demand of oil PSUs up: Aiyar
THE Petroleum Minister, Mr Mani Shankar Aiyar, today informed the Lok Sabha that there was an increase in the short-term credit demand of some public sector oil companies due to temporary cash mismatch brought about by high international oil ... More

Campaign under way to cut LPG, power consumption
HAVING sleepless nights over reports of a possible hike in LPG prices in the New Year? Don't panic, say officials of the NEDCAP (Non-conventional Energy Development Corporation of Andhra Pradesh). Mr Lingaraj Panigrahi, Vice-Chairman and ... More

POWER

TNEB sells surplus power to PTC, Adani — Average selling price is put around Rs 2.80 a unit
THANKS to heavy rains and overflowing reservoirs, the Tamil Nadu Electricity Board (TNEB) has been selling about 200 MW of surplus power to traders. The electricity board sells 5-6 million units (MU) a day to PTC India Ltd (formerly Power ... More

Expert group calls for rationalising fuel taxes — Moots trade parity pricing for primary energy sources
THE draft Integrated Energy Policy has recommended rationalising the taxes on fuels and trade parity pricing for primary energy sources. "Pricing of various fuels should not be done independent of each other... All commercial primary energy ... More

TAXATION

Bill to amend CST introduced in LS
THE Finance Minister, Mr P. Chidambaram, today introduced in the Lok Sabha a Central Sales Tax (Amendment) Bill that seeks to provide operational flexibility in the constitution and functioning of the Central Sales Tax Appellate Authority. The ... More

Gujarat Cabinet clears VAT
WITH the BJP-ruled States finally deciding to migrate to the value-added tax (VAT) regime, the Gujarat Cabinet has given an in-principle decision to adopt the new tax system. The State, however, still has certain concerns over the Central sales ... More

SSI

`Schemes designed for SSIs go unnoticed'
MANY concessions and schemes designed to meet the requirements of small-scale industries go unnoticed, requiring a concerted effort to educate industries and chambers. The Chairman and Managing Director of National Small Industries Corporation, ... More

EDUCATION

MANAGEMENTORS: THE GATEWAY TO SUCCESS

Learning to manage `tomorrow'
Higher management education in India began in the 1960s, with the two institutes of management at Ahmedabad and Calcutta. Few would know however that the committee, which examined the need for them, recommended that India should first focus on ... More

Managing with more
MANAGERS with potential to assume greater responsibilities in their career are now ascending the learning curve through management development programmes (MDPs). Recognising the need for such programmes, the Indian Institute of Management, ... More

Finding the leader
It's interesting to see how Indian companies are increasingly aligning their business growth with individual employee growth. Management development is now high priority for companies on fast-track growth. "At Wipro, I would rather say management ... More

PRECIOUS METALS

Gold may test support level
SPOT gold prices retreated sharply lower after reaching a fresh 24-1/2-year peak in line with COMEX gold futures. As mentioned earlier, the only negative factor in the short-term was the potential fund liquidation being in the last month of the ... More

WTO

WTO talks fail to gain momentum — `No question of compromise on agriculture'
THE sixth ministerial conference of the World Trade Organisation failed to gain the desired momentum on Thursday, after two days of intensive deliberations among the trade negotiators, even as the developing and least developing countries ... More

SOCIAL WELFARE

He belongs...
Like all youngsters his age, Raj Ridvan Singh aspires for sports cars and a funky look. But what differentiates him from others is his sense of social responsibility. More

RURAL DEVELOPMENT

Small scale, big profits
The Exim Bank is making a special push to ensure that rural India, particularly village women, too gets a small slice of the export market. More

EVENTS

IPE programme in Hyderabad
HYDERABAD: The Institute of Public Enterprise (IPE) is organising a two-day programme on `MoU for performance improvement in public enterprises' during December 16-17. The programme is being attended by 20 executives from Central public ... More

ECONOMIC OFFENCES

SEBI uncovers scam in YES Bank IPO allotment — Bans 13 investors from trading
THE capital market regulator, SEBI, has unearthed a large-scale multiple application case in the recent YES Bank IPO and banned 13 investors from trading in the bank's shares with immediate effect. These investors have manipulated allotment of ... More

Modus operandi in YES Bank deal
THE modus operandi adopted in manipulating the YES Bank Ltd (YBL)'s initial public offering (IPO) allotment involved opening of over 7,500 benami dematerialised accounts. These accounts were with the National Securities Depository Ltd (NSDL) ... More