Advertising & Marketing
HLL tuning into Radio City -- Close to deal for ad slots
PRIVATE FM radio is clearly attracting big names. After high-profile bidders, it seems to be the turn of big advertisers to eye private FM.
Airlines
With SIA, Tatas showing reluctance -- Govt may go by divestment panel suggestions on AI
THE Department of Disinvestment (DoD) is informally `pinging' the market with the idea of resurrecting the erstwhile Disinvestment Commission recommendations on Air India (AI) divestment.
Banking and Finance
A `laboured' phase for banks
THE Finance Ministry and the public sector banks led by the Indian Banks' Association (IBA) are finally waking up to the realities of life after the abolition of the Banking Services Recruitment Boards (BSRBs) whose life-support systems were pulled off o
n July 31.
BNP Paribas plans to extend reach
BNP Paribas, the fifth largest global bank which has been operating in India for 140 years with nine branches in metros and other cities, has plans to serve clientele from Hyderabad and other centres.
Corporate
Modern Foods to achieve break-even in 2 years
MODERN Food Industries (I) Ltd (MFIL), the first PSU in which the disinvestment process was initiated by the BJP-led Government, expects to achieve a break-even in the next two to three years.
International Fiscal assn south India chapter inaugurated
THE Southern India chapter of the International Fiscal Association, India, was inaugurated here on Saturday by Mr S. Viji, Vice-Chairman, Sundaram Finance Ltd.
Economy
Rs 25,000-crore fiscal deficit slippage likely
THE Centre appears to be more or less reconciled to a one percentage point slippage in its fiscal deficit target of 4.7 per cent of gross domestic product (GDP) during the current fiscal.
Foreign Trade
`Asia-Pacific trade must overcome mental blocks'
ASIA-PACIFIC economies need to overcome an insular mindset over trade matters. The enterprises of the region have a major role in ensuring that they forge truly global business alliances, the Vice-President, Mr Krishan Kant, has urged.
Petroleum
`Solvent order to be implemented soon'
THE Solvent Control Order will be made effective after the clarification of some issues regarding the definition of solvent due to be done shortly, Mr Ram Naik, Union Minister for Petroleum & Natural Gas, said here today.
States
FINER worried over infusion of non-ISI products
THE Federation of Industries and Commerce of North Eastern Region (FINER) has expressed concern at the infusion of non-ISI products, particularly galvanized iron pipes in the north east market.
Karnataka bid to dilute powers of SERC
IN an unprecedented move, the Karnataka Government has maneuvered to dilute the State Electricity Regulatory Commission's (SERC) powers by amending some of the provisions of the statutes.
Work on Bengal rail projects apace
THE key projects of the South Eastern Railway (SER) in West Bengal are progressing satisfactorily and are not hamstrung by any fund constraints.
Bankers to take up relief work in AP
HYDERABAD: The State Level Bankers Committee of Andhra Pradesh, at its emergency review meeting, has resolved to take up relief and rehabilitation measures in the drought-affected areas.
AP gives go-ahead for telemedicine projects
APOLLO Hospitals, CARE Foundation and the Andhra Pradesh Vaidya Vidhana Parishad (APVVP) along with their collaborators have been given the green signal by the Andhra Pradesh Government to launch telemedicine projects in the State.
SIDBI hikes capital outlay for Kerala service sector projects
THE SIDBI has enhanced the capital outlay for financing service sector projects in Kerala from Rs 10 crore to Rs 25 crore considering the potential in this sector.
Taxation
`Evasion-prone' commodities come under microscope
THE Finance Ministry has placed close to a dozen commodities -- including cotton yarn, man-made fabrics, aerated water, tobacco products, cosmetics, motor vehicle parts and air-conditioners -- in its internal watch-list of ``evasion-prone'' items, after
a recent review of commodity-wise excise collection trends.
FICCI against service tax on broadcasting industry
IN a communication addressed to the Ministry of Finance, the Federation of India Chambers of Commerce & Industry (FICCI) has stated that imposing service tax to the ``broadcasting service'' will have a serious and retrograde impact on the entertainment a
nd FMCG industry.
CAG flays Ministry on tax amnesty scheme
THE Comptroller and Auditor General of India (CAG) has assailed the Ministry of Finance (MoF) for defective implementation of the Kar Vivad Samadhan Scheme (KVSS) designed to declog tax administration and realise Government dues.
Transport
Rakesh Mohan committee moots TRAI-like body for Railways
THE Rakesh Mohan panel on Indian Railways has pushed for a radical reforms package -- encompassing strategic high growth, tariff re-balancing, corporatisation and revamp of the Railway Board, recast of railway accounts into company format prior to corpor
atisation, establishment of a regulatory authority on the lines of TRAI -- to make it a financially-viable organisation.
