The Hindu Business Line : Monday, January 16, 2006

Cold wave may return to North by weekend
THE cross-over and propagation of a western disturbance into Jammu and Kashmir and adjoining parts of northwest India have brought about warmer nights, a trend that is expected to hold until next Thursday. Under its influence, scattered to ... More

NRIS

IMD funds from Gulf may move into mutual funds
Senior bank officials indicated that in the days following the redemption of the IMD, NRIs have been seeking banks' advice on suitable investment options. More

SOCIAL SECURITY

Madurai HC stays order in non-payment of PF contribution case
THE Madurai Bench of the Madras High Court has granted interim stay of an order passed by the Assistant Provident Fund Commissioner, Tirunelveli, imposing a fine on a local firm for non-payment of contribution to the employees' provident fund. ... More

8.5 per cent EPF rate for 2005-06
Subscribers of the Employees Provident Fund will get an interest of 8.5 per cent on their deposits for the year 2005-06, as per notification issued by the Government. BL Research ... More

ECONOMY

NMCC calls for setting targets to achieve 12 pc manufacturing growth
THE National Manufacturing Competitiveness Council (NMCC) has called for setting short-term, medium-term and long-term goals at the national and firm level, to help achieve high growth rate for the manufacturing sector. It has called for the ... More

FOREIGN TRADE

Indo-Korea panel for comprehensive economic pact
The Commerce Secretary, Mr Menon, and the Korea Deputy Minister for Trade, Ministry of Foreign Affairs and Trade, Mr Joong Keun Kim, signed the joint study group report. More

`India-Pak trade could cross $1 b'
BILATERAL trade between India and Pakistan has the potential to cross the $1-billion mark by the end of the fiscal year 2005-06, according to a study. Titled `India-Pakistan: Partnering for a Prosperous South Asia', the study has been prepared ... More

STEEL

Steel PSU executives to go on mass leave on Feb 2
EXECUTIVES of public sector steel companies will go on a mass casual leave on February 2 to protest against the non-implementation of a 4 per cent hike in basic pay as an annual increment. This decision was taken at Steel Executives ... More

TAXATION

`No hike in tax rates in Budget'
CORPORATES and personal income-tax payers can breathe easy. The Finance Minister, Mr P. Chidambaram, has held out an assurance that tax rates would not be hiked in the forthcoming Union Budget. ``I think the tax rates are reasonable... I am not ... More

VAT panel to meet on Jan 30 to review implementation
STATE finance ministers' are to meet here on January 30 under the aegis of the Empowered Committee of State Finance Ministers on value-added tax (VAT) to review the implementation of State-level VAT. Indications are that the issue of central ... More

EDUCATION

Cusat doctorates for Madhavan Nair, Narayana Murthy
THE Cochin University of Science and Technology (Cusat) here has conferred honorary doctorate degrees in science to Mr. G. Madhavan Nair, Chairman, ISRO, and Mr. N.R. Narayana Murthy, Chief Mentor, Infosys Technologies, at a special convocation ... More

REAL ESTATE & CONSTRUCTION

Assocham calls for trusts for expansion of realty market
THE Associated Chambers of Commerce and Industry of India (Assocham) has proposed the creation of real estate investment trusts (REITs) similar to the ones prevalent in Singapore, the US and Japan. This would ensure that property markets are ... More

GENDER

Geojit Financial to open all-women's branch in Mumbai
GEOJIT Financial Services Ltd will open its all-women's branch in Mumbai on Monday. This will be the first all-women's branch in Mumbai and the second in the country, after Geojit's similar branch in Kochi, a press release from the company ... More

Would our men like the Norway model?
THERE has been more than enough media attention on the issue of independent directors. Predictably, many companies were found napping, even as the Clause 49 requirement closed in on them. But quite surprisingly, women seem to have missed an ... More

SOCIAL WELFARE

Chandy launches family insurance policy
THIRUVANANTHAPURAM: The Chief Minister, Mr Oommen Chandy, will formally launch a comprehensive family insurance scheme for the State's poor at a function here on Monday. Both health and accident covers are being provided to the ... More

EVENTS

Mumbai Marathon: Corporates, charities make it to the finish
IT SEEMED almost surreal, with a light golden moon still dominating the morning sky. A picturesque backdrop for the 30,000-odd people who put on their jogging shoes and got the Mumbai Marathon 2006 on the road, for the third year on a trot. `Me ... More

Drawing crowds
Some of the concept and designer cars on display at the Auto Expo in the Capital.

INCOME TAX

Tax-loss harvesting
AT THIS time of the year, you may be investing in small savings schemes or eligible mutual funds to reduce your tax liability. If you are an active trader, there is another way to reduce your tax burden. It is called tax-loss harvesting. ... More

Tax assessees can access e-ledger accounts from Feb 1
COME February 1, tax deductees would be able to access their electronic ledger accounts, maintained by the Income-Tax Department, through a password driven system. This access is likely to be made available for a one-time registration fee of ... More

NATURAL CALAMITIES

PSU insurers clear Rs 614-cr of Mumbai flood claims
THE four public sector general insurance companies have disbursed Rs 614.17 crore in settlement of claims filed for the damage to properties, including motor vehicles, caused by the unprecedented rains that lashed Mumbai and other parts of ... More

ECONOMIC OFFENCES

Security consciousness
SECURITY consciousness, like duty and time-consciousness, is a cultivated trait. Human beings, by their very nature, are trusting. This explains their falling for confidence tricksters, biscuit bandits, bogus claims and job rackets despite widely ... More

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