The Hindu Business Line : Friday, January 06, 2006

Fog: AI suspends domestic bookings on Delhi-Mumbai sector
REACTING to the fog-related delays of flights at New Delhi, Air India has temporarily suspended bookings for domestic passengers on the Mumbai-Delhi-Mumbai sector. According to an airline spokesperson, in view of the uncertainty caused by the ... More

Ground frost warned as chilly weather prevails in North
The prevailing cold wave to severe cold wave conditions are likely to continue and extend to more parts of the North India including the Indo-Gangetic plains during the next three days. More

NRIS

Karnataka Bank rises NRE deposit rates
KARNATAKA Bank Ltd has revised interest rates on FCNR(B) deposits with effect from January 4. According to a press release here on Wednesday, the bank has increased interest rates on NRE deposit scheme with effect from January 1. ... More

SBH revises NRE, RFC deposit rates
STATE Bank of Hyderabad has revised the interest rates on NRE & RFC term deposits with effect from January 1.

Passport office special counter
HYDERABAD: The Regional Passport Office, Secunderabad has opened a special counter to cater to the requirements of the Non-Resident Indians (NRIs) who are attending the Pravasi Bharatiya Diwas from January 5-10. ... More

COURTS/LEGAL ISSUES

President advocates e-judiciary system
THE President, Mr A.P.J. Abdul Kalam, on Thursday said there was need to work towards creating an electronic-judiciary system for faster judicial process. Addressing the golden jubilee celebrations of the AP High Court here, Mr Kalam said "such ... More

ECONOMY

Take maximum benefits of Central schemes: Chidambaram
THE Centre today urged the Governments in the States and Union Territories to take maximum benefits from the various initiatives launched by the Centre and invited proposals including that from private entrepreneurs in the States. The Finance ... More

Arunachal annual Plan size fixed at Rs 1,100 cr
THE Arunachal Pradesh annual Plan size for the next fiscal was pegged at Rs 1,100 crore today at a meeting between the Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, and the State Chief Minister, Mr Gegong Apang. Mr Ahluwalia ... More

HEALTH

The `Viagra' man
Revisiting Viagra's `wow moments' with joint patent-holder Dr Peter Ellis. More

PETROLEUM

India has refining capacity of additional 30 mt: Shell Global
SHELL Global, which was commissioned to do a detailed feasibility study on making India an investment destination for refiners, in particular export-oriented units, has suggested that India has the refining capacity of 30 million tonnes over and ... More

Finance Ministry urged to reconsider oil bond structure
THE Petroleum Ministry has asked the Finance Ministry to re-examine the Rs 5,750-crore oil bond structure proposed by it. The Government had in December 2005 taken Parliamentary approval, in the second batch of supplementary demands, for grants ... More

POWER

2 power joint ventures of SAIL, NTPC to be merged
Both NTPC and SAIL were for quite some time considering the merger of these two entities as they are in the same business of power generation and under the same management. Even the chairman and CEO of the two are same. More

TEXTILES

Govt may extend TUFS beyond 2007
THE Government is likely to consider extending the popular Textile Upgradation Fund Scheme (TUFS) beyond 2007. "I am in favour of extending the scheme's period to facilitate more benefits to apparel industry," said the Textiles Minister, Mr ... More

RADIO/TV

`Report on mandatory sharing of sports telecast feed next week'
WITH the recent notification making it mandatory for sports broadcasters to share rights of certain events with Prasar Bharati becoming a contentious issue, the Information and Broadcasting (I&B) Ministry is trying to balance the interests of the More

REAL ESTATE & CONSTRUCTION

Seeks tax breaks for housing projects
THE National Real Estate Development Council (Naredco) has asked the Government to exempt the income derived from all types of housing projects from income-tax for 10 consecutive years, as in the case of infrastructure projects. Currently, ... More

PRECIOUS METALS

Gold may test support levels
SPOT gold prices shot higher in an extension to the 2005's blistering rally across precious metals amid positive sentiment and a weaker dollar. Prices are starting to show signs of exhaustion indicating a corrective fall in the offing. Initial ... More

HANDLOOM

Handloom splendour
A visitor at `Tantavi 2005-06', an exhibition of handloom innovations in coloured patterns, structure and textures in Bangalore on Thursday. The show is organised by the National Centre for Textile Design, Ministry of Textiles, Government of ... More

SCIENCE & TECHNOLOGY

Children lead the way at science congress
WHILE veteran scientists are busy discussing serious issues such as disaster management, conservation of mushroom fungi and new biology at the Indian Science Congress, budding scientists are telling people how to work wonders in their daily lives ... More

Kalam wants farmers to reap expert advice
Agricultural universities and scientists should analyse the data of rains in the last 10 years and provide valuable information. More

MINING & QUARRYING

A township prepares to close down
After two decades of operation, the mining township of Kudremukh prepares to pack up... leaving its inhabitants with no easy answers about their future. More

DISINVESTMENT

Maruti divestment floor price set at Rs 620
THE empowered Group of Ministers (e-GoM) on Thursday fixed a floor price of Rs 620 per share for the disinvestment of an 8 per cent stake in Maruti Udyog Ltd, a move that is expected to garner more than Rs 1,400 crore. The cut-off date for ... More

CCEA meets today to decide on NMDC, NLC divestment
DESPITE opposition from Left parties, the Cabinet Committee on Economic Affairs (CCEA) will meet on Friday to move forward with the proposed sale of Government shares in Neyveli Lignite Corporation (NLC) and National Mineral Development ... More

SOCIAL WELFARE

Home alone
Absence of parental affection and study pressure are the most difficult challenges confronting children of migrant workers in China, who work far away from home. More

RURAL DEVELOPMENT

Invest Rs 500 crore in hi-tech clusters: Kalam
THE President, Mr A.P.J. Abdul Kalam, has sought a Rs 500-crore investment in creating 100 Hitech PURA clusters across the country to bring in a visible change in rural India. Each PURA (Providing Urban amenities in Rural Areas), built around a ... More

Empowering rural women
An initiative to enhance the socio-economic conditions of rural women in the Hambantota district of Sri Lanka. More

EVENTS

Naredco meet from Jan 20
THE National Real Estate Development Council (Naredco) has announced that its 6th national convention, showcasing housing and commercial real-estate products and housing finance options offered by various banks, would be held in the Capital from ... More

Chandy to attend economic meet
THIRUVANANTHAPURAM: The Kerala Chief Minister, Mr Oommen Chandy, will participate in the World Economic Forum summit being held in Davos, Switzerland, from January 25 to 29. According to an official press release, Mr Chandy's speech at ... More

EXPORTS & IMPORTS

Dec oilmeal exports up 55 pc
OILMEAL exports from the country increased 55 per cent in December on recovery of soyameal shipments and buying by Far-East markets. According to the Solvent Extractors' Association of India (SEA), export of oilmeals in December was 5.79 lakh ... More

NATURAL CALAMITIES

Efficient and caring
The first 48 hours in a natural disaster are crucial; a dollar in preparation is worth $10-20 in response. Here, corporates can help the most. More

ALTERNATIVE MEDICINES

For safe ayurvedic drugs, laws need to be strengthened
THE controversy surrounding the presence of animal and human bones in ayurvedic formulations prepared by Baba Ramdev's pharmacy could have been avoided if the provisions of the Drug and Cosmetics Act and the Drugs and Magic Remedies ... More

TOURISM

Monks, pilgrims throng Kalachakra ceremony
KALACHAKRA 2006 — the Buddhist initiation and empowerment ceremony — got underway here on Thursday, as thousands of monks and devotees arrived at Amaravathi. His Holiness, the 14th Dalai Lama, began the earth ritual prayer in the ... More

ICC, N-E States join hands for `circuit tourism'
To begin with, one circuit covering Guwahati-Kaziranga-Shillong-Cherapunji-Guwahati had been identified for promotion. More

`Give priority to tourism in Budget'
THE Indo-American Chamber of Commerce has asked the Government to include tourism in the priority list and tourism sector be allotted Rs 2,000 crore in the coming Budget. In its pre-Budget memorandum, the chamber has said that mapping of the ... More

PEOPLE

Elected to libraries body
HYDERABAD: Mr T. Ashok Babu, Head, Technical Information Centre of the Advanced Systems Laboratory (DRDO), here has been re-elected as the Vice-president of the Indian Association of Special Libraries and Information Centres for the year ... More

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For safe ayurvedic drugs, laws need to be strengthened

Onion production may top record 6 m tonnes — Potato output seen up 50 lakh tonnes

IFC keen to invest in insurance sector

Invest Rs 500 crore in hi-tech clusters: Kalam

India has refining capacity of additional 30 mt: Shell Global

Railways to have controlling stake in freight corridor SPV

In Focus

Indian Aviation: Sky is the limit

India Inc's overseas acquisition

In Depth

Gender Justice

Simple Economics

Tax Talk