The Hindu Business Line : Monday, June 05, 2006

NRIS
Hike FCNR, NRE deposit rates
Karur-based banks - Karur Vysya Bank and Lakshmi Vilas Bank - have hiked the interest rate on the NRE and FCNR (B) term deposits from June 1. Both banks have effected a uniform rate hike on the NRE term deposit to ... More

ECONOMY
Inflation concerns, FIIs' pullout dampen bonds
Insurers continue to keep away; volumes low More

Call to expedite reform process
Growth in unemployment has emerged as a major concern and the best way to address this is to expedite the reform process and cover more sectors, thereby touching more sections of society, according to Dr Abid Hussain. Speaking at a two-day meet ... More

ENVIRONMENT
WORLD ENVIRONMENT DAY: A BUSINESS LINE FEATURE
Generating power in an eco-friendly way
Govt eyes 1,00,000 MW capacity from renewable sources by 2050 More

Carbon credits spell golden opportunity for Indian cos
With the clean development mechanism (CDM) in place, a host of Indian companies are eyeing additional earnings by adopting projects that reduce the emission of greenhouse gases (GHGs). The United Nations ... More

Combating desertification is need of the hour
World Environment Day, commemorated each year on June 5, is one of the principal vehicles through which the UN stimulates worldwide awareness of the environment and enhances political attention and action. The ... More

Energy efficiency key to `power for all' vision
25,000 MW of capacity creation has been estimated in the electricity sector alone More

Karnataka urged to own dredger
The Karnataka Government has been urged to own a dredger to tackle the problem of dredging along the coast. Addressing presspersons here on Saturday, Mr M. Veerappa Moily, former Karnataka Chief Minister and Chairman of the National ... More

Biofuel use yet to reach commercial scale
Entry of more promoters, a concerted policy initiative by Govt are the need of the hour More

Project to turn vacant temple lands green
Scheme will help devotees plant the tree of their `star' More

EXCISE AND CUSTOMS
No Cenvat credit for duty on freebies
This is with reference to excise-exempted zones in North-Eastern States. In case of a company launching promotional campaigns, it may offer freebies of products purchased from the market and pay excise duty. Would Cenvat credit be available for ... More

INFRASTRUCTURE
BoI to lend Rs 200 cr to Kakinada SEZ
Lending to special economic zones and infrastructure projects in the country is one of the thrust areas of the Bank of India and it is lending Rs 200 crore to the SEZ coming up at Kakinada, according to Mr P.R. Kalyana Raman, the General Manager ... More

TN Chamber plans infrastructure fair
The Tamilnadu Chamber of Commerce and Industry, in its executive committee meeting held recently, has discussed a plan to organise an infrastructure fair to pave the way for establishing the much-awaited IT Park in Madurai district. According ... More

PETROLEUM
ONGC to operationalise offloading vessel
Bombay High output likely to go up More

TAXATION
High copper sulphate price irks arecanut growers
High excise duty, VAT blamed for 100 per cent increase More

PERSONAL PRODUCTS
Of pyramids and markets
Hindustan Lever's multi-business, multi-brand game is not for all More

EDUCATION
`Corporates are realising the merits of online education'
Established in 2001, U21Global has used the Internet to deliver its learning programmes across the globe. Currently, U21Global offers an18-subject Master of Business Administration (MBA), a 12-subject Master of Information Systems Management ... More

REAL ESTATE & CONSTRUCTION
Prime Textiles realty unit plans expansion
Looking at tier-II cities for developing biz More

SCIENCE & TECHNOLOGY
Air version of BrahMos missile `in next few years'
Design, feasibility to incorporate missile in Sukhoi aircraft completed; to be ready for test flights by 2007 More

DISINVESTMENT
Hurdles cleared for Ruia Group to acquire HIWL
Orissa HC says IDCOL direction `unilateral, impractical and an impossibility' More

RURAL DEVELOPMENT
Banks aggressive on rural portfolio
Wider coverage, better recovery rate make lending attractive More

E-COMMERCE & E-BUSINESS
CLW moving to electronic payment system from June 15
Chittaranjan Locomotive Works (CLW), the electric locomotive manufacturing outfit of the Railways, will be introducing from June 15 an electronic fund transfer scheme for making payments to all suppliers and vendors across the country. This is ... More

EVENTS
Waiting to bloom
ANY HOPE?: A tree on the banks of a river in Goa. June 5 is universally celebrated as World Environment Day. Lack of concern for the environment is leading to widespread degradation of natural resources. ... More

Golden oldies
LINED UP: Vintage cars at the rally at Parade Grounds in Secunderabad on Sunday. The rally was organised in connection with the city's bicentenary celebrations. The Andhra Pradesh Government has lined up a number of cultural events to mark the ... More

Agenda for the week

INCOME TAX
A tax-payers' guide to filing returns vide Form No.2F
In the last week of May, the Government announced that a new income-tax return form would soon come into force. On June 1, Form No.2F was notified. The following are the issues to be addressed in relation to this new return form. ... More

Can I claim the loss on returns?
My net take home income is Rs 27,800. I have no savings other than my investments in equity related mutual funds. I have lost about Rs 15,000 in trading? What would be my tax liability? Can I claim the loss in my returns? Please advice. ... More

EXPORTS & IMPORTS
Pak mulls removing import duty on Indian tea
Bid to tackle growing menace of illegal imports costing Islamabad dearly More

TOURISM
UN panel on sexual exploitation of children
The United Nations World Committee on Tourism Ethics has decided to set up an executive committee as an advisory body of the task force against sexual exploitation of children through tourism to advise the committee from time to time on the ... More

ECONOMIC OFFENCES
Rs 500-cr cocaine seizure at JNPT
In what is billed as one of the biggest drug seizures in recent times, the Narcotics Control Bureau (NCB) seized about 200 kg of cocaine hidden inside a container that came in a ship from Hong Kong at the Jawaharlal Nehru Port. ... More

PEOPLE
Trust plans award in Manjunath's name
He died to uphold certain virtues that made him a national hero. Mr Manjunath Shanmugam, an alumnus of IIM-Lucknow and an employee of Indian Oil Corporation, who lost his life trying to stop fuel adulteration, will not be buried in the annals of ... More