The Hindu Business Line : Monday, June 20, 2005

Monsoon hits Mumbai, but northern plains will have to wait
THE southwest monsoon hit Mumbai on Sunday 10 days behind schedule, but meteorologists find no supportive build-up to predict its progress into the west and northwest of the country in the next 3-4 days. "It all boils down to the vertical wind ... More

ECONOMY

Recipe to boost investment climate in TN
THE World Bank has suggested that the Tamil Nadu Government could explore ways to rationalise the numerous laws governing labour and statutory compliance requirements, "within the constraint of national legislation," as a reform measure to ... More

HEALTH

Ayurveda moves with the times
IT's a nondescript old building wedged among many others on Chennai's busy Gowdiya Mutt Road. But for some time now, the Coimbatore-based Arya Vaidya Pharmacy's (AVP) clinic and dispensary has come to represent a ray of hope for an unlikely ... More

INFRASTRUCTURE

Govt gives in-principle nod for 3 more SEZs
THE Commerce Ministry has given its in-principle approval for the setting up of three special economic zones (SEZs), one each in Gujarat, Haryana and Karnataka. While Gujarat Industrial Development Corporation plans to set up an apparel park in ... More

PETROLEUM

MCX seeks nod for futures trading in natural gas
MULTI-Commodity Exchange (MCX) has sought approval for introducing futures trading in natural gas. Having launched light sweet crude futures in February, the company will roll out futures for the sour (Brent) variety of crude oil on June 20 to be ... More

INDUSTRY ASSOCIATIONS

Repeal prototype laws, says Assocham survey
THE repeal of the Urban Land Ceiling Act (ULCA) and rationalising of property tax all over the country will not only facilitate foray of foreign companies in retail, but also create a multiplier effect for agriculture, manufacturing and ... More

DISINVESTMENT

`Navratnas public sector character won't be altered'
THE Left parties today reiterated their opposition to any dilution of Government holding in Bharat Heavy Electricals Ltd (BHEL) even as the Central Government sought to assuage their concerns by promising them that the public-sector character of ... More

FOREIGN DIRECT INVESTMENT

The retail road to nirvana
The Government's stand on allowing FDI in retail trade is still not very clear. It cannot reveal all its cards, as much would depend on what others offer. There has to be a trade-off between areas such as cross-border supply of, say, BPO services and the movement of natural persons, where we have competitive strengths in relation to offers being received. More

SOCIAL WELFARE

AP Govt drafts Ordinance on reservations for Muslims
HYDERABAD: The State Government has drafted an ordinance that would pave way for five per cent reservations to Muslims, by creating a separate category among backward classes. The ordinance has been sent to the Governor for his ... More

HUMAN RESOURCES

MNCs absorb more IIT-M students this year
MULTINATIONAL firms have overtaken Indian firms in recruiting most number of students at IIT Madras this year. Interestingly, only 35 IT companies came to the campus this year compared to 70 last year. Engineering companies increased their ... More

INDUSTRIAL POLICY

Setting a KLIPP's pace
LAST week Kerala's Industries and Social Welfare Minister, Mr V.K. Ebrahim Kunju, announced a new initiative from the Government to be launched on August 15 and designed to give a fillip to the State's industrialisation efforts, this time through ... More

EVENTS

The Hindu Education Plus workshop
Mr N. Ram , Editor-in-Chief of The Hindu, and Prof K.C. Reddy, Chairman, AP State Council for Higher Education, discussing during the Education Plus - Workshop on engineering and medicine courses at the Satya Sai Nigamagamam in Hyderabad ... More

Agenda for the week

INCOME TAX

Will more tax deducted at source come back on its own?
The person deducting tax at source can refund only if he has not already deposited the same with the treasury. If he has deposited, he cannot possibly take up the issue with the income-tax authorities. The person from whose income the tax has ... More

EXPORTS & IMPORTS

`N. America accounts for over 60 pc of exports'
THE North American market (mainly US and Canada) accounted for 61.10 per cent of India's total exports of software services and IT-enabled services (ITES) in 2004-05, according to the provisional data provided by Electronics and Computer Software ... More

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