INDUSTRY & ECONOMY
BUDGET
ICICI, HDFC Bank may seek higher exposure in capital market
PRIVATE banks are set to lead the fresh charge into the stock market by the sector in the wake of the announcement in the Union Budget of allowing higher capital market exposure for select banks. The Finance Ministry officials said that HDFC ...
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Drug prices likely to go up 2-4 pc
FOR consumers complaining about the creeping increase in the price of medicine, the going is set to get worse. Drugs are likely to see a price increase of 2-4 per cent as an aftermath of Budget 2004-05, according to pharma industry ...
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Bajpai to meet Chidambaram today
THE Securities and Exchange Board of India (SEBI) Chairman, Mr G.N. Bajpai, will meet the Finance Minister, Mr P. Chidambaram, here on Monday. Indications are that the Budget proposal on levy of 0.15 per cent tax on transactions entered in a ...
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Imported PCs may cost less than assembled ones
Even as MAIT continues parleys with officials of IT Department, it is learnt that removal of CVD on components and inputs may prove to be difficult as some of these are dual usage items.
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Left threatens to block passage of Finance Bill
THE Left parties on Sunday demanded a rollback in the hike in Foreign Direct Investment limits in insurance, telecom and aviation announced in the 2004-05 Union Budget. "We were not consulted on the FDI hike and we will oppose passage of the ...
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Banking on remittances
THE Union Budget has brought little cheer for Kerala. The main grouse is the proposal to impose a tax on interests earned from NRI deposits. Non-resident deposits have long dominated inflows into Kerala banks. The share of non-resident ...
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Education cess: Ring fencing need of the hour
THE Government expects to mobilise a total sum of Rs 4,910 crore during the current fiscal alone from the two per cent education cess levied on all Central taxes in the 2004-05 Union Budget. In his speech, the Finance Minister, Mr P. ...
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'New tax will cut volume'
THOUGH the domestic players and analysts are hopeful that the proposed tax on the transaction of equities would be modified this week to lessen its possible impact on the market, many have painted a grim picture if it is imposed as envisioned by ...
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Ministry defends hike in service tax rate — 'Effectively it is only 6 pc'
THE Finance Ministry has defended the Budget proposal seeking to hike the service tax rate, stating that the effective rate would only be 6 per cent if one were to factor in the benefit of `cross-vatability' that is also being provided in the ...
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Karnataka: Budget evokes mixed reaction from industry
BUDGET 2004 has evoked a mixed response from members of commerce and industry here. The President of Kanara Chamber of Commerce and Industry (KCCI), Mr R.D. Kini, who welcomed the decision to set up an investment commission, told ...
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COURTS/LEGAL ISSUES
Business advisory camp at Thiruvananthapuram
THIRUVANANTHAPURAM: The Thrissur-based Thejus Legal Services will conduct a business advisory camp here on August 5 with a view to providing handholding and business advisory services to traders, industrialists and just-born entrepreneurs. ...
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ENVIRONMENT
Plea to cancel Hindustan Insecticides Ltd licence
KOCHI: The Periyar Malineekarana Virudha Samithy, a citizen's initiative against pollution of the River Periyar and the surrounding areas based in Eloor, has demanded that the license of the public sector Hindustan Insecticides Ltd at ...
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FOREIGN TRADE
Chambers call for early trade pact with Singapore
STRONGLY urging India and Singapore to "proceed towards signing" of the proposed comprehensive economic cooperation agreement (CECA), the participants at an `Asia Pacific business summit', held here as `India Calling 2004', have noted that "an ...
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POWER
Bengal PSU energy units pile up Rs 999-cr losses
WITH a total loss of Rs 999.15 crore in a single year, the energy companies have emerged as the biggest loss-making entities among state - run units in West Bengal. Official statistics show that only one of the three state-owned power ...
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TEXTILES
TN powerloom body lauds move to dislodge cenvat
THE Powerloom Development and Export Promotion Council (PDEXCIL) Chaiman, Mr M. Senthil Kumar, has appreciated the Finance Minister's move to abolish the `cenvat' duty regime for the powerloom textile industry. He expressed the confidence ...
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SSI
Speech on industrial clusters at Kochi
KOCHI: Mr George B. Assaf, Representative and Director of the United Nations Industrial Development Organisation (Unido) for South Asia will deliver a public lecture at Abad Plaza here on July 16, organised by the Institute of Small ...
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EDUCATION
`Engg syllabus not tuned to industry needs'
Covansys was contemplating adding 1000 more people to its rolls in the next 12 months.
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REAL ESTATE & CONSTRUCTION
KBDO plea to Government
THIRUVANANTHAPURAM: The Kerala Building Designers Organisation (KBDO) has appealed to the State Government to take immediate steps for the protection of the Halcyon Castle at Kovalam, standing next to the erstwhile India Tourism ...
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INDUSTRY ASSOCIATIONS
CII seminar in Hyderabad
HYDERABAD: The Confederation of Indian Industry (CII-AP) is organising MAN'EXE-04 here on July 15, focussing on achieving manufacturing excellence in local manufacturing industry. MAN'EXE-04 (Manufacturing Excellence) is first in the ...
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BIO-TECH & GENETICS
`New biotech policy in 6 months'
THE Centre is expected to frame a new biotech policy within six months while a regulator for the sector will be in place within two years. Dr M.K. Bhan, Secretary, Department of Biotechnology told a conference on biotechnology on the occasion ...
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Bangalore Bio-2004
A visitor checking details in a laptop at the Bangalore Bio-2004, at Palace Grounds in Bangalore on Sunday.
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