Financial Daily from THE HINDU group of publications
Tuesday, June 21, 2005
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Financial Daily from THE HINDU group of publications Tuesday, June 21, 2005 |
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INDUSTRY & ECONOMY CLIMATE & WEATHER Monsoon makes its way to Kolkata THE southwest monsoon brought Kolkata into the rain belt on Monday, a fortnight behind schedule. However, it whizzed past Hyderabad on its eastward course, prolonging the city's agonising wait. The northern limit of the monsoon passed through ... More ECONOMY Use of disinvestment proceeds — Throwing good money after bad? The UPA Government says that the proceeds of PSU disinvestment will help in financial restructuring of companies and eventually make them profitable again. However, a recent CAG report states that the net worth of companies considered has become nega tive as equity investment been completely eroded by accumulated losses. This negates the very purpose of PSU investment, points out G. Srinivasan. More
Petro subsidies: Flawed basis
`Faulty regulation, infrastructure dog TN growth'
Meet on fiscal responsibility in Hyderabad ACCOUNTANCY ICAI confident of retaining autonomy WITH the Company Affairs Minister, Mr Prem Chand Gupta, hinting that the professional Bills would be taken up for approval of Parliament in the monsoon session, the Institute of Chartered Accountants of India (ICAI) is confident that its concerns ... More FOREIGN TRADE Cabinet okays economic agreement with Singapore THE Union Cabinet on Monday gave its nod to the Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore. The pact is designed to offer an integrated package governing trade in goods and services, an agreement on ... More
Singapore-India pact: A `win-win' settlement HEALTH Philips plans experimental telemedicine project PHILIPS India is launching an experimental telemedicine project near Madurai with the intent of reaching latest medical diagnostics to rural people. The company has joined hands with the Apollo Hospitals, an NGO named Dhan, and ISRO to ... More HOTELS Hotel room rates to rise as demand outpaces supply WITH the demand for hotel rooms expected to outpace supply over the next five years, room rates in India are likely to grow beyond their current highs, according to a study released by CRIS INFAC, CRISIL's research arm. However, the study adds ... More INFRASTRUCTURE AP sets up panel on urban lands THE Andhra Pradesh Chief Minister, Dr Y. S. Rajasekhara Reddy, has asked the Urban Development Authorities (UDAs) in the State to improve their financial muscle by identifying and tapping Government lands. He has directed the officials to ... More
PETROLEUM 
Petrol, diesel prices hiked; LPG untouchedAFTER seven months of dithering, the Government today announced a hike of Rs 2.50 a litre in the price of petrol and Rs 2 a litre for diesel, braving opposition from Left allies who have threatened a nation-wide agitation on June 28. The price ... More
Petroleum dealers threaten indefinite strike from July 18
Bengal flays petro price hike
Bengal bars Haldia Petro from taking part in Basell acquisition
Mixed reactions from India Inc on petrol price hike
Bunks closed in Dakshina Kannada
POWER Power distribution cos in Karnataka post losses despite tariff hikes Even after the tariff hikes, the revenue deficits of the four discoms would be close to Rs 2,600 crore. For the last financial year the losses were Rs 1,718 crore. In the case of the Bangalore alone, the revenue deficits at Rs 460 crore were in exces s of the net worth. More TAXATION World Bank suggests TN to shift to VAT THE World Bank has suggested that Tamil Nadu reform its taxation system and tax administration to enhance efficiency and revenues. It has also given a plan of a possible structure that the Government can consider. In a report entitled `Economic ... More
AP tax bar assn office-bearers SSI One-third of Kerala SSI units sick or potentially sick: Report THE Kerala Government, while moving ahead with a new programme for facilitating the setting up of 25,000 new small-scale industrial units over the next one year, should nevertheless be worried about the fact that more than one-third of the ... More
Loan mela a big draw EDUCATION Plumbing association to set up institute The need of the hour is to create awareness among citizens about the significance of the plumbing profession in protecting the health of people. More
CII programme on TQM near Madhapur AUTOMOBILE COMPONENTS 
Auto component companies on expansion mode, to invest $1 bBOLSTERED by growing overseas and domestic demand, auto components manufacturers are revving up their investments, with plans to invest about $1 billion (Rs 4,355 crore) on capacity expansion in the current year. "At the moment, the auto ... More INDUSTRY ASSOCIATIONS `Allow cos to retire high cost debts' THE Reserve Bank of India should issue instructions to banks and financial institutions (FIs) to allow corporates to retire their high cost borrowings with minimal charges. This process will not only reduce interest burden on the industry but ... More BIO-TECH & GENETICS 
Sibal urges global drug firms to invest in IndiaTHE Union Minister of State for Science and Technology, Mr Kapil Sibal, has urged global drug companies to invest in India and take advantage of lower costs in the country. He also asked them to treat health as a development issue. Speaking ... More
`Draft biotech policy aimed at reducing research time, wastage' FOREIGN DIRECT INVESTMENT IDFC proposal among FDI worth Rs 484 cr cleared THE Government on Monday permitted Infrastructure Development Finance Company Ltd (IDFC) to issue fresh shares and transfer to eligible NRIs, including foreign institutional investors (FIIs), venture funds, multilateral and bilateral financial ... More OVERSEAS INVESTMENTS UK woos Indian investors THE UK has emerged as one of the most favoured investment destinations for entrepreneurs. Speaking to Business Line, Mr Mark Dolan, Deputy Director, Inward Investment, UK Trade & Investment, said software and IT sectors continued to be ... More INCOME TAX June 30 last date for filing TDS/TCS returns NEW DELHI: The Central Board of Direct Taxes has specified June 30 as the last date for filing annual tax deduction at source (TDS)/tax collection at source (TCS) returns. Such returns have to be filed in computer media by both the ... More EXPORTS & IMPORTS Exporters hail Board of Trade move to set up working groups THE exporting community has described the setting up of five working groups by the reconstituted Board of Trade as a `concrete step' towards boosting exports from the country. It has also expressed confidence that all policy concerns would get ... More
Bid to boost exports to W.Asia — Spices Board to market value-added cardamom
Centre mulls study on role of States in boosting exports
India Inc for faster regulatory clearances to boost exports NATURAL CALAMITIES Rs 4 cr sanctioned to prevent sea erosion in Udupi THE Karnataka Tourism Minister, Mr D.T. Jayakumar, who is also Udupi district in-charge, has said that Rs 4 crore will be released to prevent sea erosion in Udupi district. Addressing newspersons after visiting the areas affected by sea ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Jun. 12-Jun. 18 Tyre producers may import 70,000 t rubber Monsoon getting into action mode CPI(M) formalises policy on economic agenda — `FDI okay only if it enhances country's productive capacity' `India unfazed by US opposition to Iran gas pipeline' Wheat tops Rs 7,500/t; imports may be dearer Textile exports to US down in April `SMEs may be hit if interest rate cap on export credit is hiked' Exports register 22% growth in May W. Australian apple growers moving processing to Chennai RBI panel for hike in foreign currency export credit rates SSI production up 8 pc, exports rise 21 p c Trade to GDP ratio tops 25 pc NTPC plans to produce 50 mt coal by 2010 BoI, SIDBI tie up to boost credit to SMEs US co explores options for fly ash export from India Coal India plans to augment production by 20 million t annually |
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