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Tuesday, March 08, 2005

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INDUSTRY & ECONOMY

BUDGET


Budget 2005-06: Stage-managed humaneness
Budget 2005-06, it is claimed, has substantially increased allocations for growth and human development, even while continuing with tax reform and ensuring fiscal prudence. C. P. Chandrasekhar and Jayati Ghosh examine the evolution of the tax, expenditure and deficit financing regime to assess the claim. More

ECONOMY


Kerala CM stresses on private sector role in industry
THE Kerala Chief Minister, Mr Oommen Chandy, has stressed the need for private participation in the State's industrial development. Inaugurating an industrial park of Kerala Industrial Infrastructure Development Corporation (Kinfra) at ... More

ENVIRONMENT


Global warming affecting Kerala weather: Expert
Planners and decision-makers have to be realistic, and come to terms with the fact that alternating deluges and droughts would be a normal occurrence from now on. More

AP Govt to set up Rs 600-cr sewerage treatment plants
The State currently has around 275 registered industrial estates that were discharging industrial wastes in the nearby lakes. More

INFRASTRUCTURE


`Forex reserves need not be used for infrastructure projects'
`At present there is ample liquidity in the system.' More

New integrated township coming up in Asansol
BENGAL Shristi Infrastructure Development Ltd (BSIDL), a 50:50 joint venture between Asansol Durgapur Development Authority (ADDA) and Shristi Infrastructure development Corporation, plans to set up a Rs 350-crore integrated township in Asansol. ... More

PETROLEUM


Oil companies seek fuel price hike
VEHICLE users can expect an increase in petrol and diesel prices next month. According to Dr N. Kannan, IOC's Director (Marketing), oil companies have requested the Government to allow them to hike in prices to cut their losses. The Government ... More

Indian Oil, IBP to lose Rs 8,800 cr on subsidies, under-recoveries
INDIAN Oil Corporation will have to bear a Rs 7,350-crore burden of cooking gas and kerosene subsidies in 2004-05. The company will also lose profits of Rs 890 crore because it has not been able to raise petrol and diesel prices for the last few ... More

India can deal with rising oil prices: Aiyar
THE Minister for Petroleum and Natural Gas, Mr Mani Shankar Aiyar, said that India is in a better position today to deal with higher crude oil prices. Speaking at a Confederation of Indian Industry (CII) meet on `Building Partnerships' for ... More

POWER


NTPC's distribution arm to assume control of Mescom
THE NTPC Electricity Supply Company Ltd (NESCL) is on the verge of assuming control of the Mangalore Electricity Supply Company (Mescom). State Government sources said that the tentative date for transfer of the assets has been fixed at for ... More

TAXATION


VAT on course from April 1; more sops for traders on cards
THE State-level value-added tax (VAT) regime would take off across the country from April 1, irrespective of whether Uttar Pradesh and a few other "recalcitrant" States come on board or not. Fresh sweeteners are also now being put in place by ... More

TEXTILES


`NTC land sale only via tender route'
THE Union Textile Minister, Mr Shankersinh Vaghela, has reiterated that the sale of surplus land owned by National Textile Corporation (NTC) would only be through outright tender process and all transactions in this regard would be ... More

Erode appeal
Textile manufacturers of Erode had a meeting with the Union Textile Minister, Mr Shanker Sinh Vaghela, on Sunday. They submitted a memorandum demanding reduction in the excise duty on viscose staple fibre (VSF), the main raw ... More

COAL


Coal linkages may go for users except power sector — Sourcing likely through Coal India e-auction
THE Government plans to delink all core sector consumers of coal, except the power sector, from the existing coal linkages. Instead, they will be asked to buy from Coal India Ltd (CIL) through an electronic auction process. The core sectors ... More

MANAGEMENT


IIM-C to launch `Global Managers Program' course
THE Indian Institute of Management, Calcutta (IIM-C) is launching a one-year course for senior and top management executives from the academic session beginning July. The Global Managers Program will be spread over five semesters and cover ... More

RADIO/TV


Now pay channel broadcasters seek guarantee fees from cable operators
THE relationship between the broadcasters and the cable industry is quite like that between Tom and Jerry. Just a few months ago, the cable service providers were pampered with high carriage fees paid by certain broadcasters to ensure that ... More

EDUCATION


Karnataka: 885 schools get into Edusat loop
AS many as 885 primary schools in Chamarajanagar district came into the satellite-based tele-education or Edusat loop here on Monday. The programmes beamed through satellite will supplement curriculum-based teaching in these predominantly ... More

GEMS & JEWELLERY


Excise duty will bring discipline to jewellery trade
THE Indian jewellery market is highly fragmented and largely decentralised. The gold jewellery market, in particular, operates on the basis of trust and established relationship between the jeweller or goldsmith and the customer. Significant ... More

MEDICAL INSTITUTIONS & HOSPITALS


  • AP CM makes surprise check in Osmania Hospital

    READYMADE GARMENTS


    Ladies garments top apparel exports
    INDIAN apparel exports are witnessing the emergence of a strong clientele among women in the US and the European Union (EU). The ladies' products category, which accounted for exports worth nearly $2 billion last year, is billed as the top ... More

    GENDER


    These women storm a `secure' male bastion
    NEETA Rokade had always dreamt of joining the police force. Coming from a poor economic background and being only a matriculate, her dream got a quiet burial. Then came the break. A year ago, she took up a job as a security guard at the In Orbit ... More

    AP Govt to release Rs 7.5 cr to SHGs to mark Women's Day
    THE Andhra Pradesh Government will be releasing Rs 7.5 crore towards income generating activities for self-help groups (SHGs) of Swayamsidha and Mother Committees as a part of the International Women's Day celebrations on Tuesday. According to ... More

    Women's corporate network to be launched today
    TO help women achieve their professional goals and break the glass ceiling, a corporate network of women employees in the public and private sector will be launched on Tuesday on the occasion of International Women's Day. The network will have ... More

    RURAL DEVELOPMENT


    Establish knowledge centres in villages: Kalam
    THE President, Mr A.P.J. Abdul Kalam, on Monday called on innovators to select "difficult areas" in order to trigger all-round development, and emphasised the establishment of village knowledge centres which would act as an interface for economic ... More

    Need to impart special training to upgrade skills of rural youth stressed
    THE Minister for Rural Development, Dr Raghuvansh Prasad Singh on Monday called upon the need to impart special training for skill upgradation and productive employment opportunities to rural youth after providing them with proper and requisite ... More

    HUMAN RESOURCES


    Education outsourcing wave set to hit India
    SKILLED manpower in India is a major attraction for foreign entrepreneurs to set up operations here. Now, Indian entrepreneurs are latching on to the very people who give India its skilled manpower - namely, skilled teachers. Tuitions ... More

    EVENTS


    Madurai to host meet on `Business with USA'
    `There are significant opportunities to benefit from the US knowhow, technology, plant and equipment in a number of services including management'. More

  • Textile expo from March 17

    INCOME TAX


    Soften burden of fringe benefit tax: ICAI
    CHARTERED accountants on Monday urged the Finance Ministry to soften the burden of the proposed fringe benefit tax (FBT) regime on small employers. The members of the Institute of Chartered Accountants of India (ICAI) made this representation ... More

    `Rebate method scrapped as it is not compatible with EET'
    THE Finance Ministry on Monday said the Budget proposal to move from the rebate method to income-based deduction method on the income-tax front should be seen only as a transitional idea to the `exempt-exempt-tax' (EET) method, which is the best ... More

    EXPORTS & IMPORTS


    Five traditional items propel export growth
    JUST five traditional items accounting for almost three-fourth of the country's aggregate exports played a dominant part in propelling the export growth to 28.12 per cent in dollar terms during the first seven months of the current fiscal. They ... More


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    Top Stories
    SC okays out-of-court settlement — Mallya to acquire Kishore Chhabria's stake in Herbertsons for Rs 131 cr


    Market stabilisation scheme may cost Centre Rs 3,000 cr this year

    Tata Motors aims for billion-dollar biz from chassis, bus body building

    Ladies garments top apparel exports

    Ericsson bets on 3G for Indian mobile phone market growth

    Airtel offers virtual pets on mobiles

    Budget 2005-06: Stage-managed humaneness

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Feb. 27-Mar. 5
    UP, Bihar get 30 pc of tax devolutions

    Gold retail investment demand remains strong

    Cotton yarn exports begin to dip as made-ups make headway

    Drug cos hope to cash in on anti-tobacco drives

    Sharp fall in LPG demand upsets refiners' plans

    Real estate sector cries foul

    Centre's market borrowings may rise 68 pc next fiscal

    Corporate income-tax — A mix of lower tax shelters & rates

    A recast of personal taxation

    Law soon to allow banks to issue pref shares

    Tax savings: Choices galore

    Exporters not enthused by Budget plans

    Experts seek rollback of cash withdrawal tax

    Fringe tax to bite deeper into smaller IT cos

    `In the right direction for hardware sector'

    Partnership firms will have to file I-T returns

    Coal stock position `super critical' at 8 thermal stations

    Service tax exemption on forex payments to go

    The logic of tax on fringe benefits, savings

    TN zone export units' turnover to cross Rs 5,000 cr

    TN trade, industry bodies want quick shift to VAT

    Fringe benefit still gives drug industry the chill

    Software exports from TN to touch Rs 10,000 cr


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