The Hindu Business Line : Sunday, December 25, 2005

Cable operators in a fix on HC order of only `U' certificate movies
THE Bombay High Court's recent decision restraining cable operators from showing any film that does not have a `U' (unrestricted) censor certification has created a problem of sorts. Cable service providers feel that they are merely ... More

ECONOMY

ADB okays $971-m loan to India
$750 million will be used to support investments in the `Pradhan Mantri Gram Sadak Yojana', an initiative to provide all-weather roads in rural areas of the country. ... More

ENVIRONMENT

Carbon credit prices seen at 7-9 euros a unit
Mr Robert Taylog, Consultant, Agrinergy of the UK, says that his firm is currently working with 50 companies in India in sugar, cement and sponge iron sectors. Excerpts from an exclusive interview with Mr Robert Taylor: How many ... More

POSCO's port project `will affect turtle nesting'
IF the Korean steel maker, POSCO, is allowed to build a port at Jatadhari near Paradip, it will adversely affect the nesting beaches for Olive Ridley sea turtles in the Gahirmatha Marine Sanctuary, a wildlife conservation organisation warned on ... More

PETROLEUM

NMCE unlikely to launch futures in petro products
UNLIKE the other multi-commodity exchanges, National Multi-Commodity Exchange of India Ltd (NMCE) would not be introducing futures trading in petroleum products. According to Mr Kailash Gupta, Managing Director of NMCE, the board of directors ... More

Aiyar asks OMCs to meet Bihar's LPG demand
THE Union Petroleum Minister, Mr Mani Shankar Aiyar, has asked the oil marketing companies (OMCs) to fully meet the genuine demand of LPG in the household sector in Bihar. Responding to the demand of Bihar Chief Minister, Mr Nitish Kumar, at a ... More

POWER

NTPC to go ahead with coking coal import next fiscal
NATIONAL Thermal Power Corporation (NTPC) has decided to go ahead with its plan to import a minimum of about four million tonnes (mt) of non-coking coal in 2006-07, even as the overall availability position of power grade coal from domestic coal ... More

INDUSTRY ASSOCIATIONS

Govt will address India Inc's concerns over tax burden: PM
THE Prime Minister, Dr Manmohan Singh, has promised to address, over the next year, the concerns voiced by corporate India over the high direct tax burden. Delivering the inaugural address at the 78th Annual General Meeting of the Federation of ... More

Sushma Berlia elected president of PHDCCI
IN what may be for the first time that a woman is heading an apex chamber in the country, Ms Sushma Berlia, President, Apeejay Stya Group and Vice-President of Apeejay Education Society, has been elected President of the PHD Chamber of Commerce ... More

INCOME TAX

FUND TALK
On tax benefit aspects of ELS funds
QUITE a few readers have written to us asking about the current status of Equity Linked Savings Schemes (called ELS or tax saving funds) managed by fund houses and whether investments made this year are eligible for the tax benefit under Section ... More

NATURAL CALAMITIES

PM to review rehab work in areas hit by tsunami
ALMOST a year after the tsunami struck the Southern coast, the Prime Minister, Dr Manmohan Singh, is planning to revisit the region to review the rehabilitation work. Dr Singh announced this at a meeting with senior officials on Saturday where ... More

ECONOMIC OFFENCES

Lessons from Yes Bank IPO scam
NO SYSTEM is foolproof from someone determined to undermine it. That is perhaps what the manipulation of the allotment process in Yes Bank's Initial Public Offering proves. A combination of factors appear to have led to the scam. It was a ... More

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Cable operators in a fix on HC order of only `U' certificate movies

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