The Hindu Business Line : Monday, October 03, 2005

Bay `low' causes rains to spill over into Oct
ORIGINATING as it did towards the fag-end of the official monsoon season, the prevailing low-pressure area in the Bay of Bengal has caused ensuing rain to spill over into the month of October but mainly concentrated to the country's east and ... More

NON-CONVENTIONAL ENERGY

UK co identifies 60 strains of jatropha for cultivation
AFTER cotton and maize, now contract-farming cultivation of jatropha is being contemplated. The UK-based D1 Oils Plc, which works through consortiums with local partners in Nambia, Kenya, Ghana, Philippines, Mozambique, South Africa and Egypt, ... More

COURTS/LEGAL ISSUES

Legal process outsourcing — The argument for India
IN TODAY'S competitive world of business, gaining efficiency and staying profitable have become the corporate mantras. Most international law firms based in the US and Europe are taking the Legal Process ... More

ECONOMY

Fiscal deficit widens 64 pc in April-Aug
THE Centre's fiscal deficit in April-August touched Rs 86,328 crore, reflecting a 64 per cent increase over the fiscal deficit level of Rs 52,509 crore during the same period last year. The fiscal deficit for the five month period represents ... More

YSR sets six-point agenda for civic chiefs
THE Andhra Pradesh Government has asked the recently-elected chiefs to civic bodies to implement a six-point agenda to enhance administration and service offerings in the respective towns and cities. In an open letter to the elected ... More

7.3 pc GDP growth likely: CII report
THE Indian economy is expected to clock a growth rate of 7.3 per cent for the current fiscal on account of strong prospects of kharif crop production and buoyant industrial and services sector performance, according to a CII report. In its ... More

ENVIRONMENT

`Save Noyyal Yatra' draws good crowd
THE nearly two-year long campaign by Siruthuli to save Noyyal river from continuous abuse seems to have rung a bell as several people participated in the `River Noyyal Yatra' from Kooduthurai to Singanallur in Coimbatore People cutting across ... More

EXCISE AND CUSTOMS

Move to accept rupees at duty-free shops hailed
THE Member of Parliament, Mr Naveen Jindal, has welcomed the announcement of the Central Board of Excise and Customs that Indian currency will be accepted at duty-free shops. ... More

FOREIGN TRADE

IFA stresses on study of global fiscal laws
THE International Fiscal Association (IFA) has stressed the need for an elaborate study and research on global fiscal laws in the advent of growing cross border trade and commerce. Addressing delegates at a day-long seminar on `FEMA, TDS & ... More

INFRASTRUCTURE

Inquiry into Kuppam project
HYDERABAD: The Andhra Pradesh Government has appointed Mr Justice T.H.B. Chalapathi, retired Judge of Punjab and Haryana High Court, as Commission of Inquiry to conduct an inquiry into the alleged irregularities in the manner of selection ... More

PETROLEUM

`Let the subsidy mechanism be transparent, consistent' — Mr Subir Raha, CMD, ONGC
Mr Subir Raha, Chairman and Managing Director, Oil and Natural Gas Corporation (ONGC), one of India's largest corporates, has been in the news. Stressing on operational autonomy for public sector undertakings (PSUs), he wants the Government ... More

Oil cos for first point taxation on kerosene, LPG
The contention of the oil companies are that the extension of VAT to the distributor stage increases the losses incurred by the oil marketing companies as they have to compensate the distributors for the taxes. More

Centre implements Kerosene scheme in AP
HYDERABAD: The Union Government has sanctioned 104 out of the 605 locations for launching the pilot project, offering kerosene throughout the month. Nationally, the Jana Kerosene Pariyojana has been launched on October 2, marking the ... More

TAXATION

Tax info exchange system trial run from Oct 5 — Seven States likely to participate
THE trial run for the tax information exchange system (TINXSYS) project has now been postponed to October 5. The launch of the project will coincide with the meeting of the empowered committee of State Finance Ministers on value-added tax (VAT), ... More

Revenues up 16 pc in 21 VAT-implementing States
TAX revenues of 21 VAT-implementing States and Union Territories (UTs) have cumulatively recorded nearly 16 per cent increase during the first five months of the current fiscal. According to the provisional figures compiled by the Finance ... More

TEXTILES

Capturing global markets in post-quota regime — Indian textile companies losing out to China
IT has been advantage China and a struggle for India in the post-quota global textile markets, thanks primarily to the better pricing leverage of the large-sized Chinese firms. The smaller and highly fragmented Indian textile companies, in ... More

EDUCATION

`Professionals should develop entrepreneur qualities'
TO be a professional these days is not different from being an entrepreneur. If your behaviour does not match that of an entrepreneur, employers do not value the relationship with you, Mr B. Ramalinga Raju, Founder and Chairman, Satyam Computer ... More

FOODS & FOOD PROCESSING

Fish, chilled chicken may come under MFPO
The final notification incorporating the two popular meat items would be made soon, sources said. More

INDUSTRY ASSOCIATIONS

Personal loans offtake rising fast: Assocham
THE increasing share of personal loans portfolio of domestic banks including housing, car finance and consumer durables is expected to go up to a third of the projected total bank credit allocation for the fiscal 2006-07, according to an ... More

SCIENCE & TECHNOLOGY

A hub in the making for cutting-edge biology research
The Centre for Cellular and Molecular Biology is one of the youngest among the chain of 38 national laboratories under the Council of Scientific and Industrial Research. More

RURAL DEVELOPMENT

Call to strengthen women SHGs in Karnataka to check alcoholism
"Development of science without humanity will lead to destruction." More

SHGs growing stronger in Coimbatore
WHEN Ms K. Bhagyalakshmi left home 15 years ago, she was just another village girl who left the place to start a new life with her husband. After six years in the Gulf and almost a decade in the northern part of India, this woman is back home at ... More

EVENTS

PM releases coin to mark 75th anniversary of Dandi March
THE Prime Minister, Dr Manmohan Singh has said that Gandhiji's message of self-reliance and self-respect, best symbolised by the Dandi March, was a message of standing on one's own feet, and then dealing with the world, with confidence and ... More

Call to develop biodegradable packaging material
DR A.S. Bawa, Director of Defence Food Research Laboratory (Mysore) has called for serious efforts to develop biodegradable packaging material. "The recent floods in Mumbai primarily caused by sewage blocks due to plastic packaging are an eye ... More

Remembering Dandi
The President, Mr A.P.J. Abdul Kalam, and the Finance Minister, Mr P.Chidambaram, arriving at a function to mark the 75th anniversary of the Dandi March in New Delhi on Sunday. ... More

Stamp on Dr T.S. Soundram released
THE Department of Posts today released a commemorative stamp in honour of late Dr T.S. Soundram, a freedom fighter and founder of the institutions of Gandhigram. Daughter of Mr T.V. Sundaram Iyengar, founder of the TVS Group, Dr Soundram set up ... More

Agenda for the week

ENTREPRENEURSHIP

Trade fair in Hyderabad
HYDERABAD: The Association of Lady Entrepreneurs of Andhra Pradesh (ALEAP) will organise the trade fair `Made in India show - 2005' at Necklace Road here from October 8 to 12. The fair will showcase products and services offered by ... More

NATURAL CALAMITIES

Blowing business into India
Rita and Katrina lashed the US coast ... and sent more calls to BPO centres in India. More

ALTERNATIVE MEDICINES

Dharma Ayurveda clinic at Thiruvananthapuram
THIRUVANANTHAPURAM: The Finance Minister, Mr Vakkom Purushothaman, inaugurated Dharma Ayurveda's speciality clinic for arthritis and weight loss at No. 625, Prasant Nagar, Medical College Post, Thiruvananthapuram, here on Sunday. The ... More

ECONOMIC OFFENCES

Corruption is alive and ticking
OVER coffee at a street-side kiosk, a friend wonders if a motel offering rooms in railway wagons may well be a success. Another thinks a holiday resort should be a better idea with rolling stock that rolled off the rails! As you would've guessed, ... More

You could be the next target
What's new about computer crime, you might ask. But criminals are increasingly targeting individual desktops - such as yours and mine. More

Sniffing out trouble
Fighting financial crime is no easy task. Here's a process that analyses data to check out trouble spots. More