Financial Daily from THE HINDU group of publications
Saturday, December 24, 2005
Markets (December 23)
BSE Sensex9256.91(-115.39)
S&P CNX Nifty2804.85 (-30.40)
US Dollar (Buy/Sell)45.11/45.24


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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Brewing Bay system downgraded
THE National Centre for Medium Range Weather Forecasting (NCMRWF) on Friday downgraded the brewing weather system over southeast Bay of Bengal to a `cyclonic circulation'. Conditions continue to be favourable for the formation of the system ... More

Nilgiris tea estates hit by frost
ABOUT 250 hectares of tea in various parts of the Nilgiris have been hit by frost since last month. According to the Nilgiris Regional Centre of the UPASI Tea Research Foundation, the intensity varied from estate to estate. With the ... More

ECONOMY


Inflation dips on cheaper food, non-food items
THE annual wholesale price index-based inflation rose 4.5 per cent during the week ended December 10, marginally lower than the previous week's annual rise of 4.55 per cent, according to data released here today by the Ministry of Commerce and ... More

FOREIGN TRADE


IIFT to start new campus in Kolkata
THE Delhi-based Indian Institute of Foreign Trade (IIFT) is launching its second campus in the country at Kolkata for the 2006-08 batch. The new campus would have 60 seats initially. The college has 120 seats at its New Delhi campus. With the ... More

HEALTH


`Grown-ups also need diphtheria booster vaccines'
Vaccination during childhood good enough for a lifetime? "That concept is not correct. Immunity levels wane and so one needs a booster." More

Cabinet reviews measures to deal with bird flu
THE spread of avian influenza (bird flu) is a cause of concern for Governments across the world and the Cabinet on Thursday took stock of the Health Ministry's contingency plan to deal with the spread of the disease. The Ministry along with the ... More

AP pitches for combo vaccine
The State Government is pitching for a combination vaccine (for DPT and Hepatitis-B) that saves the number of pricks on children, while offering convenience to the administration in catering to more users. Mr K. Rosaiah, Minister for Finance ... More

INFRASTRUCTURE


What's happening
The city with megapolis dreams sets out to settle some basic infrastructure issues... More

A sleeping estate awakens
Peenya Industrial Area is all set to ride the manufacturing boom as India powers ahead. More

PSU


BJP opposes HSL privatisation
VISAKHAPATNAM: The city unit of the Bharatiya Janata Party has demanded that the Hindustan Shipyard Ltd and Bharat Heavy Plate and Vessels Ltd (BHPV) should remain in the public sector. At a press meet here on Thursday, the city BJP ... More

POWER


Karnataka Govt caps guarantee liabilities for Nagarjuna Power project
THE Karnataka Government has capped the guarantee liabilities to Nagarjuna Power Corporation Ltd (NPCL) at Rs 400 crore per year. Sources said here that this limit would be available only for five years after the project begins generating ... More

Indo-ASEAN free trade agreement — PowerGrid bullish on cross-border trading
POWERGRID Corporation of India Ltd (PGCIL) is finding renewed hope of cross-country power transmission in the proposed Indo-ASEAN free trade agreement (FTA). The corporation had previously mooted cross-country transmission network for power ... More

NTPC, Reliance case adjourned to Jan 30
Lawyers from both sides attempted to arrive at some amicable solution. More

Transmission lines trip in north India
A POSSIBLE collapse of the Northern Grid was averted after the tripping of inter-State transmission lines in Punjab and Jammu and Kashmir early in the morning today. The tripping, which was caused due to a combination of fog and pollution, ... More

TAXATION


FBT blow to industry may be softened — But it is here to stay, says CBDT Chairman
THE Central Board of Direct Taxes (CBDT) Chairman, Mr M.S. Darda, today indicated that the Revenue Department would try to make it easier for industry to comply with the fringe benefit tax (FBT) provisions of the income-tax law in the forthcoming ... More

'Tax Tribunal Bill still has some flaws'
THE National Tax Tribunal Bill, 2005, (enacted by Parliament recently) brought in after major hiccups earlier, to adjudicate on appeals with regard to levy, assessment, collection and enforcement of direct taxes, still carries some flaws, as ... More

Vizag I-T Dept nearing target
THE Visakhapatnam region of the Income Tax Department is on course to achieve the target of Rs 834 crore set for it during the current financial year and till now Rs 507 crore has been collected, according to Mr Prashant Gupta, the Chief ... More

Large taxpayer units scheme likely from April 1
LARGE taxpayers may have to wait for some more time before they can avail themselves of a single-window facility for all major tax payments. The proposed Large Taxpayer Units (LTU) scheme is likely to become operational from April 1 next year ... More

EDUCATION


BL CLUB
`Customer relationship vital for oil companies'
AMBIENCE and value addition in customer relations through respective retail sale outlets were the key for the success of the oil companies in the market, told Mr M. Amudharaj, the Territory Manager, Bharat Petroleum Corporation Ltd (BPCL), ... More

WTO


`Rules soon for equitable global trade'
THE Commerce Minister, Mr Kamal Nath, said on Friday that the contours laid down at the Hong Kong Ministerial of the World Trade Organisation would take care of India's concerns in agriculture and industrial goods. The Minister explained that ... More

EVENTS


Amaravati gets ready for `Kalachakra'
ARRANGEMENTS are in full swing for the 12-day Kalachakra, the global Buddhist congregation that will begin at Amaravati in Guntur district on January 5. Addressing a press conference here on Thursday, Mr K. Rosaiah, Minister for Finance and ... More

Tribute to a hero
The Chief Minister, Dr Y.S. Rajasekhara Reddy, at the ghat of former Prime Minister P.V. Narasimha Rao on his death anniversary in Hyderabad on Friday. ... More

NCC camp in Kottayam
KOTTAYAM: Fifth Kerala NCC Battalion under the auspices of Kottayam NCC group organised a national integration camp at SB College, Changanasserry. Mr C.F. Thomas, Minister for Rural Development, inaugurated the camp on Friday. The ... More

INCOME TAX


Sharp decline in returns filed under `one-by-six' tax scheme
THE `one-by-six' scheme that was introduced by the Government to identify potential taxpayers based on certain indicators may be losing its sheen. The number of returns filed under the scheme has come down from a high of 30.59 lakh in fiscal ... More

NATURAL CALAMITIES


TSUNAMI ANNIVERSARY
Revive depleted fisheries, provide sustainable livelihoods: Experts
ONE year after a tsunami devastated South Asian communities, global fisheries experts say habitat restoration, retraining and education programmes are much needed to revive severely exhausted fisheries and steer survivors into more sustainable ... More

Rains turn saviour for lands affected by tsunami
SCIENTISTS working on salinity-affected soils in coastal Tamil Nadu after the December 26 tsunami say the recent rains and floods have helped to bring down the salinity. But the problem has not entirely been solved as the degree of salinity ... More

TOURISM


Fresh proposal to revive Alappuzha marina project
FRESH initiatives are on to revive the Alappuzha marina project, which has been lying dormant for a while now. The Kerala Ports Department had entered into a memorandum of understanding with Mumbai-based Eeco Marine for the development of the ... More



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Top Stories
`Grown-ups also need diphtheria booster vaccines'


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In Focus

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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Dec. 11-Dec. 17
BJP meet may focus on VAT revenue loss compensation and CST phase-out

India-China combine faces tough competition in Syrian oil stake bid

Left parties preparing plan to identify sources to fund NIF — To press for review of Govt sops to industrial units

BJP meet gives in-principle nod for VAT adoption; raises fresh concerns

Fear of `conflict diamonds' entering country — Mines, Industry Ministries differ over 100 pc FDI in diamond mining

Protests against sending French ship to Alang — Allowing the highly hazardous Clemenceau will 'harm workers'

Foreign flag vessels may bring down LNG import costs

On questionable questions

CMIE increases GDP growth forecast to 7.6%

Govt identifies more PSUs for divestment

Employers bullish about hiring: Survey

Passenger car sales down 2.31 pc in Nov

India tops US for 2nd spot in FDI destination rankings

Focus on sustaining higher economic growth

52 MoUs for mining, but none cleared

India keeping off Malaysian crude palm oil?

Indian `Band of Angels' keen to fund start-ups

Lok Sabha passes taxation laws Bill

Manufacturing sectors post `impressive' growth

Aiyar hints at deregulating natural gas prices

SAT orders compensation for DSQ Soft shareholders

IOC, ONGC block deal plan to help save on capital gains tax

8 defunct urea PSUs to be restarted: Paswan

`Himalayan quakes may occur sooner than expected'


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