Financial Daily from THE HINDU group of publications
Thursday, February 24, 2005
Financial Daily from THE HINDU group of publications Thursday, February 24, 2005 |
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INDUSTRY & ECONOMY ACCIDENTS LOTTERY Kerala Cabinet okays Bill to outlaw online lotteries THE State Government is planning to bring online lotteries under the Gambling Act so as to ban their operations in the State. The State Cabinet has approved the draft Bill in this respect, which will be introduced in the current session of the ... More BUDGET FAPCCI calls for corporate tax cut THE Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has asked the Union Government to give a fresh thrust to the disinvestment policy. In a pre-Budget wish list released here on Tuesday, the apex chambers appealed to the ... More
What banks wish for in the Budget ECONOMY Can `India' be a brand? How can you present India, a vast and heterogeneous country, as just a brand and that too with the `Incredible India' tagline? More ENVIRONMENT `Green tech' talks with global partners GREENTECH Foundation, a Delhi-based non-profit organisation promoting environmental protection and industrial safety, has decided to bring in expertise and latest technologies, from the US, South Africa and Russia. The NGOhas already started ... More
EXCISE AND CUSTOMS Concor Coimbatore ICD venue is Customs notified THE Central Board of Excise and Customs (CBEC) has declared Irugur village near Coimbatore, where the Container Corporation of India (Concor) is setting up a new inland container terminal complex, a Customs notified area. CBEC has issued a ... More
Hyderabad zone revenue collection at Rs 2,252 crore FOREIGN TRADE Indo-Pak JSG sets up sub-groups to boost trade THE Indo-Pak Joint Study Group (JSG) on Trade and Economic Cooperation has constituted two sub-groups on Customs cooperation, trade facilitation and non-tariff barriers. A joint statement issued here and in Islamabad said that the terms of ... More
High-level team of Ahmedabad management body visits Dubai FTZ HEALTH VLCC Health Care centre in Thiruvananthapuram THIRUVANANTHAPURAM: The New Delhi-based VLCC Health Care Ltd, which operates in the slimming and beauty domain, has opened a centre in Thiruvananthapuram. With this, the company has two centres in Kerala. The new centre in ... More PETROLEUM Desi crude futures flare up PRICES of crude oil futures at Multi Commodity Exchange (MCX) have increased by Rs 190-200 a barrel since its launch on February 9. This reflects a 10 per cent rise over a fortnight. The upward movement is mainly on account of firmness in the ... More
Private firms against Govt taking gas profit in kind
IOC in talks to acquire French co Maurel & Prom PHARMACEUTICALS Abatement rate on excise duty on drugs hiked THE Government on Wednesday hiked the abatement rate on the retail sale price-based excise duty levied on drugs and medicines from 35 per cent to 40 per cent. What this means is that if the retail price declared on a pack of a drug is say Rs ... More POWER NTPC gets board nod for Rs 8,693-cr Barh power plant NATIONAL Thermal Power Corporation (NTPC) has approved investments of about Rs 8,693 crore for the 1,920-MW Barh Super Thermal power plant. The board of directors of the company approved the investment proposal comprising Rs 4,887.12 crore and ... More TAXATION 
Security for the self-employed — Beyond the instrument of taxationThe Government must recognise the limitations of taxing the self-employed and must take note of the social security and health-care needs of this group, particularly in their old age. At the same time it must extract some surplus from the well-off se gments of the self-employed. Effort is needed to set up old-age homes and hospitals using the surplus of the self-employed rather than using only the instrumentality of income-tax, says R. Vaidyanathan. More
CII pitches for VAT implementation
RADIO/TV ESPN-Star bid to catch the Indo-Pak cricket bus THE off the field action on telecast rights for the forthcoming India-Pakistan series is hotting up. While broadcasters are waiting for an interim order from the Madras High Court, ESPN Star Sports on Wednesday wrote to the Board of Control for ... More
Dubai Studio City to foster growth of broadcast, film production industry EDUCATION Centre for WTO studies set up in Kolkata A CENTRE for WTO studies has been set up under the Institute for International Trade here. The centre, according to Dr D.R. Agarwal, Director, of the institute, will provide research and analytical support on a regular basis to undertake studies ... More
Abertay University opens scholarship for computer gaming CARS `Logan is fine, but challenging time ahead' THE Logan is among the best entry level C segment cars in the world but its arrival in the Indian market two years from now may not be a totally smooth drive as rivals would have improved their product range by then, industry observers said. ... More AUTOMOBILE COMPONENTS Auto cluster in Aurangabad soon THE streets of Aurangabad and surrounding areas could start humming with new prototype automobiles, once the Aurangabad Automobile Industrial Cluster (AAIC) gets flagged off some time later this year. The Maharashtra Government has already ... More REAL ESTATE & CONSTRUCTION Action group files writ against mill land development in Mumbai THE outcome of a public interest writ petition filed in the Bombay High Court may decide whether 601 acres of perhaps the country's most expensive real estate may go towards developing public amenities and low cost housing for lakhs of Mumbaites ... More PRECIOUS METALS Record delivery in gold contracts MULTI Commodity Exchange (MCX) has reported physical delivery of 602 kg of gold, valued at Rs 35.95 crore, for February contracts. This physical delivery is almost four times that of the last delivery that took place in December 2004 contracts, ... More
Warehousing of capital goods in EOUs extended to 5 years HANDLOOM Bengal bid to market handloom products with pvt participation THE West Bengal Government is planning to invite private participation in marketing the products of handloom and rural handicrafts sector. Restructuring of the existing state-run marketing agencies is also on the cards. Addressing the members ... More TEXTILE MACHINERY Knit-Tech to open in Tirupur today COIMBATORE: The 8th edition of the knitwear machinery exhibition, Knit-Tech 2005, will open in Tirupur on Thursday. The five-day fair is organised by Hi-tech International Trade Fair India Pvt Ltd. Over 300 exhibitors, several of them ... More HEALTHCARE PRODUCTS Widex plans academy to train audiologists WIDEX India, pioneering distributors of digital hearing aids in the country, proposes to set up a Widex Academy to train dealers, dispensers and audiologists in the intricacies of modern hearing aids and keep them updated on latest developments ... More FOREIGN DIRECT INVESTMENT FDI in retail sector should lead to incremental growth: Kamal Nath WITH the issue of allowing foreign direct investment (FDI) in retail sector under its consideration, the Government has said that if permitted, the FDI should lead to incremental economic benefits and not substitute on-going activities. "We ... More
TRADE & LABOUR UNIONS EVENTS National institute for highway engg to come up at Noida THE Union Government has taken initiatives to set up a national institute for highway engineers, according to the Union Minister of State for Surface Transport and Highways, Mr K.H. Muniappa. Inaugurating `Incident 2005', an inter-collegiate ... More
CII meet on organisational restructuring on Friday
EXPORTS & IMPORTS Commerce Ministry for addressing inverted duty structure THE Commerce Ministry is looking up to the Finance Ministry to address the inverted duty structure in the fiscal policy in the forthcoming Union Budget. This is because high customs duties on raw materials and intermediates than finished ... More
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Looking back Feb. 13-Feb. 19 Import of sensitive items down in April-Nov 2004 `Resilience of Andaman people amazing' Insulin prices have bottomed out, says Wockhardt chief Power tariff policy to be placed before Cabinet next month: Sayeed Hyderabad STPI exports top $1 b Business confidence on the rise: FICCI Kamal Nath seeks more Italian FDI Aiyar moots Asian gas grid Car sales rise 8% in Jan `Govt considering FDI in construction sector' Kyoto Protocol comes into force — Investments to flow in for energy efficient projects To meet target of 110 mt by 2020 — Steel sector mulls raising Rs 8,000 crore annually Auto ind looking for measures in Budget to maintain GDP growth Corporate battle for sugarcane intensifies `Tsunami destroyed 70% of Nicobar's infrastructure' — Mr Mohamed H. Jadwet, President, Andamans Chamber of Commerce and Industry Prasar Bharati plans to seek funding from World Bank Govt urged to encourage import of raw sugar Paper mills plan price hike Ministry to relax rules for movement of psychotropic drugs |
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