The Hindu Business Line : Wednesday, May 23, 2007

ECONOMY
Foreign investments - value subtracting?
Forget CAC11, or, for that matter, CAC1 - the two reports on the road map for capital account convertibility. The real issues are different. Some weeks back, the country's forex reserves crossed $200 billion. There were the usual ... More

FOREIGN TRADE
`India might top 2% share in world trade by 2009'
The country's share in world trade covering merchandise plus service sector trade might well double from 1.1 per cent in 2004 to cross the two-per cent mark in 2009, the Union Minister of Commerce and Industry, Mr Kamal Nath, said here in an ... More

HEALTH
Panel on health insurance for senior citizens formed
To suggest commercially viable schemes, offer solutions More

INFRASTRUCTURE
28 cos keen on setting up industrial units in Sikkim
Thrust areas identified for industrial development More

PETROLEUM
ONGC Videsh eyeing stake in Azerbaijan oil field
ONGC Videsh Ltd (OVL), the overseas investment arm of Oil and Natural Gas Corporation, is eyeing stake in the producing oil field of Kyurobdag in Azerbaijan. According to a company official, if OVL bids and is successful, it would mark the ... More

POWER
APTransco CMD term extended
The Andhra Pradesh Government has extended the period of deputation of Ms Rachel Chatterjee, as Chairman and Managing Director of APTransco for one more year, up to June 23, 2008, according to a Transco statement. ... More

STEEL
Global steel production up 7.6% in April
India lags behind with 5.7% growth More

Mines row: SAIL, Jharkhand may settle out of court
Govt has refused to extend lease More

TAXATION
7 new services coming under tax net from June 1
The Finance Ministry has also come up with the valuation norms for works contract and the details of the composition scheme Overall number of taxable services moves up to 97 More

Property tax paid to local bodies allowed as deduction
Property tax paid to local bodies also allowed as deduction More

SSI
Intoto announces free security solution for SMEs
Announces beta release of IntruPro More

EDUCATION
NIS Sparta in deal with ITC Wills Lifestyle
Professional courses provider NIS Sparta, part of the Reliance ADA Group, has tied up with ITC Wills Lifestyle to provide training in retail management. NIS Sparta will run the six-month programme in its centres whereby the students would get ... More

UK offers new work system for overseas students
Those seeking UK qualification and desirous of working there may have a reason to cheer. A recent change in the education system in the UK allows all students completing a degree or diploma for undergraduate or post-graduate programmes of any ... More

Students urged to make their own choice in selecting professional courses
Speakers at The Hindu Education Plus pre-counselling session urged students, who appeared for CET (Common Entrance Test) and COMED-K (Consortium of Medical, Engineering and Dental Colleges of Karnataka) test, to choose professional courses ... More

Bilcare Research Academy to open in June
Bilcare Research, players in the pharmaceutical packaging, has announced the launch of Bilcare Research Academy in partnership with the US-based Association of Clinical Research Professionals (ACRP). This is the first ACRP accredited ... More

Japanese in Govt schools
Japanese language is to be taught at a bigger scale to students in the Government schools, according to Mr C. Umashanker, Managing Director, Electronic Corporation of Tamil Nadu. The plan is to woo more Japanese investments into ... More

REAL ESTATE & CONSTRUCTION
Ernakulam initiates drive against encroachment
Demolishes various business establishments on MG Road More

FOREIGN DIRECT INVESTMENT
FDI hike in insurance: `No assurance, but not ruled out'
The Government has "not ruled out" raising the current 26 per cent foreign direct investment (FDI) cap in insurance sector, according to the visiting Lord Mayor of the City of London, Mr John Stuttard. "We got no assurance, but it was not ruled ... More

IPR
Fingerprint device may earn students a patent
More

RURAL DEVELOPMENT
Global majors investing in micro finance institutions
After playing second fiddle to other financial institutions for long, micro finance institutions (MFIs) have started figuring prominently on the radar of global financial majors for investments. The trend is catching up fast as three ... More

Out of the woods
TO MARKET: A tribal family of Rava community going to a weekly market near Kodalbasti forest range under the Coochbehar division in Jalpaiguri district of West Bengal. The tribals are backed by the various development projects taken up by forest ... More

Union Bank unveils biometric cards
Union Bank of India has launched biometric cards to facilitate `door step banking' in rural areas. The bank has tied up with Financial Information Network and Operations Ltd (FINO) and Cashpor Micro Credit to launch a pilot ... More

HUMAN RESOURCES
`Shortage of skilled manpower likely'
Manufacturing sector may be hit hard, says chamber More

World development in young and capable hands
At the threshold of "an age fraught with risks and laden with opportunity," young people will greatly influence the future of their nations, says WDR 2007. Making sure that they are well prepared for their futures is enormously important for poverty reduction and growth, says RAGHU DAYAL. More

`Develop your own identity and demand the best'
"Get yourself to stand apart. Develop your own identity. Each of you is a product. The challenge is to differentiate and command the best that is available. Demand the best salary, the best job and the best company,'' said Mr G. Shankaran Nair, ... More

EVENTS
Govt to unveil `major initiative' on farm front
Govt to unveil `major initiative' in next 10 days More

ENTREPRENEURSHIP
Training programme for youth
Maditssia Business Information Centre (BIC) is organising an `Entrepreneurship training programme for the unemployed youth' on Saturday (May 26). A team of technocrats and industrialists are participating in the programme and ... More