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Thursday, July 14, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


`Break monsoon' expected to get established by Sunday
THE country is heading for a possible `break monsoon,' which is expected to set in by Sunday (July 17). Disclosing this to Business Line, Dr Akhilesh Gupta, Director, National Centre for Medium Range Weather Forecasting (NCMRWF), said ... More

NRIS


Pravasi Bharatiya Divas
HYDERABAD: Andhra Pradesh would host a three-day `Pravasi Bharatiya Divas' scheduled to be held from January seven. Accepting the proposal of the Union Minister of State for Non-resident Affairs, Mr Jagadish Tytler, the State Government ... More

ECONOMY


AP CM upset over revenue targets not being met in Govt departments
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has expressed displeasure at the shortfall in targeted revenues in Commercial Taxes, Excise and Transport departments for the first quarter of the financial year 2005-06. He directed the officials ... More

Fifth Economic Census in AP from tomorrow
THE Directorate of Economics and Statistics will commence the fifth Economic Census in Andhra Pradesh from July 15 to 31, 2005. The Census would cover the whole gamut of economic activity barring crop production and plantation activities. At ... More

HEALTH


AP to fill up doctor posts in tribal areas
HYDERABAD: The Andhra Pradesh Government would fill up 90 vacant posts of doctors and appoint 72 nurses in tribal areas by the month-end. Reviewing the deterioration of health conditions in the tribal areas, he directed the officials to ... More

PETROLEUM


Gas pipeline project: India, Pak to appoint financial consultants
The consultants would be expected to submit their report by November-end when Mr Mani Shankar Aiyar is likely to travel to Pakistan for signing an agreement on the project. More

POWER


PM forms energy coordination panel
TO guide Government policy in the energy sector, the Prime Minister, Dr Manmohan Singh, has created an Energy Coordination Committee (ECC). According to an official release, the ECC would formulate a coordinated policy response, cutting across ... More

`Dabhol phase I to be ready by next July'
THE first phase of Dabhol Power Project will be commissioned by July 2006 and the second by September 2006, the Maharashtra Energy Minister, Mr Dilip Walse Patil, told the Vidhan Sabha on Wednesday. He was briefing the House about the ... More

TAXATION


'Of sweets and value-added tax'
WILL corporates get input tax credit on purchases of sweets and dry fruits meant for distribution as gifts to its staff and customers? Almond House, a leading sweet vendor in the city, has raised this question before the Advance Ruling ... More

41 cases of excise, service tax evasion booked in June
THE Directorate General of Central Excise Intelligence (DGCEI) has booked 41 cases during June for evasion of central excise and service tax. The total revenue involved in these cases stood at Rs 83.40 crore. Of the 41 cases, 26 related to ... More

CBDT authorises NSDL to receive TDS/TCS returns
THE Central Board of Direct Taxes (CBDT) has specified National Securities Depository Ltd (NSDL) as an authorised agency for receiving annual tax deduction at source (TDS) return in paper format. NSDL has also been authorised to receive the ... More

Octroi burden forcing non-ferrous traders see outside Mumbai
MUMBAI may face a fresh flight of small-scale units that use non-ferrous metals as raw material to various locations outside India's commercial capital owing to the burden of high octroi duty of three per cent levied by the Bombay Municipal ... More

SSI


BoB, SIDBI sign co-financing pact
BANK of Baroda (BoB) and Small Industries Development Bank (SIDBI) of India have signed an MoU for co-financing of projects in the SME sector and infrastructure projects, according to a bank release. Under this arrangement, the two banks will ... More

KVIC Act in for changes: Minister
Cabinet may consider professional management

PROFESSIONAL management of Khadi and Village Industries Commission (KVIC), which was dissolved in October 2004, will be among the issues to be considered by the Union Cabinet when the proposals concerning revamping of KVIC are placed before it, ... More

WATER


Slaking a city's thirst
A host of brands, local and multinational, cater to thirsty Chennai's need for clean drinking water. The city accounts for a quarter of the Rs 1,000-crore bottled water segment. More

RADIO/TV


Playing it by the ear
Despite the licence fee being restructured, private FM operators are still wary as there is a cap on the number of licences each can hold and an impending drop in ad rates. More

FM radio: Govt fixes net worth norm
THE Government has notified the policy for the second phase of FM radio privatisation wherein it has prescribed a minimum net worth requirement of Rs 50 lakh to 10 crore for companies bidding for licences for different centres. For those ... More

Dispute between Newscorp, Reliance over trademark
IN a dispute over trademark, the Rupert Murdoch-owned Newscorp is understood to have taken objection to Anil Dhirubhai Ambani Enterprises' using the word `Sky' in its direct-to-home (DTH) venture which has been christened as Reliance Skymagic. ... More

MSOs plan digital cable system
MULTI-SYSTEM operators have hastened the process of digitilisation and have plans to roll out digital cable delivery system across cities in India. Is it the coming of direct to home (DTH) service or the need for an addressable system? Either ... More

EDUCATION


Thinking leads to a vision, Kalam tells school kids
SOME 800-odd students from as many as 26 schools in and around the city, studying in classes between 8 and 12, were on Wednesday caught in the Kalam magic. "Thinking is very important, as it leads to a vision for the nation, for progress, and ... More

Canara Bank educational loans
THIRUVANANTHAPURAM: The Chairman of Canara Bank, Mr M.B.N. Rao, will be the chief guest at a special educational loan fair here on Friday. An official spokesman said that educational loans would be disbursed to over 500 students from ... More

CARS


Car sales marginally down in June
PASSENGER car sales fell 0.89 per cent in the domestic market in June - the second time in the last six months - to 64,464 units from 65,046 units in the same month last year. Six of the eleven car makers, including Hyundai Motor India ... More

MEDICAL INSTITUTIONS & HOSPITALS


PSU insurers, hospitals agree on `package deal pricing' — Move to check overcharging of services
"There should be complete transparency between the insurance companies, the TPAs as well as healthcare providers." More

REAL ESTATE & CONSTRUCTION


Realty investors turn to Tier II cities for lucrative returns
IT'S no longer just the `top three' metros that are attracting investor attention in the residential realty market. Many others have joined the `elite list' that was earlier restricted to obvious locations like Delhi, Mumbai, Bangalore and ... More

TEXTILE MACHINERY


Indian textile exporters look to Chinese equipment to achieve economies of scale
CHINA and India, rivals in the global textile export markets, are set to join hands in search of possible synergies in the textiles sector. At the invitation extended by The Cotton Textiles Export Promotion Council (Texprocil), a Chinese ... More

SCIENCE & TECHNOLOGY


Kalam stresses on convergence of nano-bio-info technologies
THE President of India, Mr A.P.J. Abdul Kalam, has urged academicians to take advantage of the convergence of the three new streams of science and technology, namely, information technology, nanotechnology and biotechnology. He was addressing ... More

DISINVESTMENT


Consult us on all disinvestment decisions, says Left
THE disinvestment tussle between the UPA and the Left parties could move beyond BHEL. After putting the UPA into an uncomfortable position on the issue of the proposed divestment of Government stake in BHEL, the Left now plans to pin the ... More

EVENTS


Seminar on tax audit in Mangalore
MANGALORE: The Mangalore branch of the Institute of Chartered Accountants of India will conduct a seminar on `Tax audit, and an update on penalties in income tax law' in Mangalore on Saturday. A press release by the Institute said that ... More

EXPORTS & IMPORTS


Paradip port told to handle more non-coking coal imports
THE Shipping Ministry wants Paradip port to handle more non-coking coal imports than estimated earlier. The earlier indication was that the port would be required to handle 1.5 million tonnes in the current fiscal — an estimated 1 mt for ... More

TOURISM


Munnar facelift
A misty morning at Munnar hills in Kerala's Idukki district. Munnar will undergo a facelift under the revitalisation of destination scheme as a part of a major development project to encourage tourism and improve facilities at major tourist ... More

STANDARDS & BENCHMARKS


Coke's challenge
There is a big shake-up at Coca-Cola India, which is being dogged by a strategy that didn't quite pay off and the prolonged pesticides controversy. More


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Top Stories
Suzuki Motorcycle plans Indian launch in Oct with 125-cc bike


Hexaware scales down guidance

Tea exports dip in May; output up 8.6 m kg

Union Bank stock returns 124 pc

Car sales marginally down in June

Motor third party liabilities — PSU insurers want pvt sector to share losses

FM radio: Govt fixes net worth norm

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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