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Sunday, July 10, 2005

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INDUSTRY & ECONOMY

INVESTMENTS


Lack of long-term funds — Chink in the market structure
Mutual funds and insurance policies that would suit a retail investor's quest to beat inflation over the long term at affordable costs are the need of the hour. More

FERTILISERS


Fertiliser majors seek greener pastures abroad
THE fertiliser sector would seem far from exciting to any investor scouting for money-making opportunities in the stock market. But with some of the private producers pursuing overseas opportunities with newfound ... More

PETROLEUM


Centre to address ONGC's problems in Assam
THE Centre is trying to sort out the political hurdles faced by oil companies in implementing their enhanced production programme in Assam. According to official sources, ONGC has been facing decline in production levels in that State for the ... More

TAXATION


VAT States post 15-pc growth in revenues in June: Asim Dasgupta
MOST States have recorded robust growth in tax revenues during April-June this year - the first quarter after the State-level value-added tax was introduced. "This trend has been witnessed in almost all the VAT implemented States, except a ... More

VAT panel ratifies easier norms for compensation claims
THE Empowered Committee of State Finance Ministers on VAT on Saturday ratified a simplified procedure that would expedite the processing of compensation claims made by the State Governments. The main procedural relief for States is the removal ... More

Tax on cash transaction, fringe benefits seen hitting agri co-ops
THE co-operative sector, no fringe player in shaping the rural and agricultural economy, has joined the list of casualties from the Budget double whammy of cash transaction tax (CTT) and fringe benefit tax (FBT). The impact varies in intensity ... More

SSI


GW Caps identifies SMEs for India Value Fund
GW Caps has identified the small and medium sector in India for long-term investment for its Rs 900-crore India Value Fund (IVF). Mr Vishal Nevatia, Chief Executive Officer of GW Caps, said the IVF would be investing mostly in the small and ... More

SME board to have 30 members
THE proposed national small and medium enterprises board is to have 30 members including those chosen from among the various State Governments and Union Territories. "The States and Union Territories will get representation on the board by ... More

COAL


2,154 mt of coal reserves found in '04
EXPLORATION carried out by the Geological Survey of India, the Coal Mining Planning and Development Institute (CMPDI) and other agencies have discovered an additional reserve of 2,154 million tonnes of various grades of coal during 2004. With ... More

REAL ESTATE & CONSTRUCTION


REALTY CHECK: A BUSINESS LINE FEATURE
It could be yours, but...
So you have pooled in the necessary funds to buy that dream house. But be sure to factor in capital gains tax, says M.V. Kali Prasad More

That's the US realty
Unlike in India, where real estate is in the unorganised sector, in the US there are strict laws governing realty transactions and agents, writes C.H. Gopinatha Rao. More

TITLE FEED
Declining urban core
Owing to habitat destruction and urbanisation, the white rhino species has become endangered, informs a July 7 press release titled, `The Detroit Zoo Welcomes First-Ever White Rhino'. Japanese architect Kengo Kuma, famous for multi-facet ... More

  • The builder's dozen
  • Rent to mother
  • Time saved is money saved

    PRECIOUS METALS


    Gold loses lustre; silver shines
    PRECIOUS metals ruled mixed on the local bullion market on Saturday on scattered local buying interest amid stray offerings. Silver .999-fineness ended Rs 10 up at Rs 10,655 a kg over previous close. Pure gold .999-fineness ended Rs 5 lower ... More

    FOREIGN DIRECT INVESTMENT


    `Relax norms for CAs before FDI'
    THE Centre should relax some of the norms governing chartered accountants before it allows foreign direct investment in the accounting sector, said a senior office bearer of the Institute of Chartered Accountants of India (ICAI). The 26 per ... More

    RURAL DEVELOPMENT


    A short distance call
    The Union Finance Minister, Mr P. Chidambaram, interacting through cellphone with a member of a self-help group for women who got a loan for buying a mobile, at a function held in Karaikudi in Sivaganga district, Tamil Nadu, on Saturday. Also ... More

    HUMAN RESOURCES


    Call to remove PSU-pvt sector salary mismatch
    Considering the fact that both are competing for the same markets, there is a need for benchmarking compensation levels between the public and private sectors for comparative accountability. More

    EVENTS


    Cidex to host expo on pharma, biotech industries
    MESSE Dusseldorf GmbH, along with its Indian subsidiary Cidex Trade Fairs, is set to host Interkama India 2005 where three concurrent events on pharma, biotech and automation-related industries would be hosted in October. The Project Director ... More

    INCOME TAX


    CBDT keen to deepen collection, widen tax base
    THE Income-Tax Department has set for itself an internal goal of increasing the number of assessees declaring total income above Rs 10 lakh by 50 per cent over the number existing as on March 31, 2005. As on March 31, 2005, there were only ... More


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    Top Stories
    ONGC plans to invest Rs 10,000 cr in Mumbai High redevelopment


    Forex reserves fall by over $1 b

    Buoyant projections for air traffic growth

    In Focus

    BHEL Disinvestment
    China's 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
    Jul. 3-Jul. 9
    India, US to explore tie-ups in earth observation, space communication

    June rainfall deficit estimated at 15 pc

    Fitness equipment sector in fighting fit shape

    Banks asked to adopt policy for risk exposure to real estate sector

    Table Employment Guarantee Bill in monsoon session: Left

    South Gujarat in troubled waters

    International design award for desi slippers

    Per capita cereal consumption drops 20 pc

    Assocham moots measures to boost ad outsourcing in India

    Hardware exports touch Rs 8,000 cr in 2004-05: ESC

    NHAI awards Rs 580-cr project to Gammon consortium

    India's '03 trade GDP ratio at 30 pc: WTO

    Cement majors post 10 pc rise in June shipments

    India, Myanmar may bypass Bangladesh for gas pipeline — Other options to be explored

    China tunes in to Philips' tele-medicine project

    Marathwada, Telangana regions to witness rainfall over the weekend

    34 pc above normal rainfall in one week

    Gems & jewellery exports seen growing 15% this fiscal

    Dabhol issue: Bechtel team heads to London for talks with Indian lenders


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