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Saturday, January 14, 2006
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INDUSTRY & ECONOMY

EMPLOYMENT


Industrialists' meet in Kochi
KOCHI: The Maharajas College Development Council has decided to conduct an academy-industry interaction to cap job opportunity for students in various sectors. As a preliminary step, the council will convene a meeting of industrialists ... More

The Hindu's job fair proves a big draw in Hyderabad
MORE than 25,000 job aspirants had an opportunity to get a feel of the booming technology and service sector job market while interacting with about 21 companies at the job fair being held at Hitex Exposition. The Hindu Opportunities Fair 2006 ... More

CLIMATE & WEATHER


Cold wave lifts in North; easterly wave triggers `low'
THE impending cross-in of a fresh western disturbance has helped lift cold wave conditions completely from the north and northwest India while an easterly wave has set up a low-pressure area in the Indian Ocean waters south of the peninsular tip. ... More

NON-CONVENTIONAL ENERGY


Sugar coops to supply ethanol to oil PSUs
THE domestic sugar industry wishes to do a Brazil with ethanol-blended gasoline. Though Brazil's benchmark of over 40 per cent of its automobile fuel coming by way of ethanol is a distant task for the Indian sugar industry, fresh targets are ... More

SOCIAL SECURITY


Trade unions against EPF interest rate cut
TRADE unions have conveyed their ``strong objection'' to the Finance Minister, Mr P. Chidambaram, on the Government's move to cut interest rate on Employees Provident Fund deposits for 2005-06. The Government had recently notified the rate of ... More

AUTOMOBILES


Cars drive up 8.8 pc growth in Dec — Two-wheelers stay flat; commercial vehicles down
ENDING the year on a positive note, domestic passenger car sales in December 2005 registered a growth of 8.8 per cent at 65,853 units up from 60,521 units in the same month a year ago, according to sales figures released by Society of Indian ... More

BUDGET


Economists for retaining FBT, phasing out tax sops for software
ECONOMISTS today urged the Finance Minister, Mr P. Chidambaram, to carry forward fiscal consolidation at both the Central and State levels and suggested that exemptions under the indirect tax regime be done away with to improve revenue ... More

ISED(Kerala) seeks innovation policy for SMEs
THE Kochi-based Institute of Small Enterprises and Development (ISED) has suggested to the Union Finance Minister to announce an innovation policy for the SME sector in the next Union Budget. In its proposal submitted to the Finance Minister, ... More

ECONOMY


Karnataka Plan size pegged at Rs 16,166 cr — Release funds for development projects: Ahluwalia
THE Annual Plan size of Karnataka for 2006-07 has been pegged at Rs 16,166 crore here on Friday at a meeting between the Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia, and the State Chief Minister, Mr N. Dharam Singh. In ... More

Stable fuel prices contain inflation
THE annual wholesale price index-based inflation rose 4.4 per cent for the week ended December 31. Cheaper manufactured products and stable fuel prices contained the year-on-year inflation at the previous week's of4.4 per cent, according to data ... More

Nabard projects Rs 8,273-crore credit plan for Bengal in 2006-07
Seeking opening of more channels of credit, Mr Samar Ghosh, Principal Secretary, Finance, Government of West Bengal, called for crop diversification, into items other than rice such as wheat, oilseeds and pulses, in which Bengal is deficient. More

Nabard prepares Rs 25,653-cr credit plan for Kerala
THE National Bank for Agriculture and Rural Development (Nabard) has prepared a Rs 25,653-crore potential linked credit plan for the priority sector in Kerala in 2006-07. The bank, in its State Focus Paper for the year, has projected credit ... More

ENVIRONMENT


AITUC calls for Vizag hills conservation
THE All-India Trade Union Congress (AITUC) has criticised the policy of the State Government in allowing tourist resorts, IT parks and other projects such as film studios to come up on the hills and hillocks along the coast from here to ... More

FOREIGN TRADE


India, Italy amend taxation treaty
INDIA and Italy today signed a protocol amending the double taxation avoidance treaty between the two countries. In line with other EU country treaties, tax withholding rates on dividends, royalties, fees for technical services (FTS) and ... More

HEALTH


Clinton Foundation initiative to bring down AIDS treatment cost
THE Clinton Foundation has once again managed to negotiate deals with private companies to bring down the cost of diagnosis as well as prices of two anti-AIDS drugs for its own HIV/AIDS initiative. While the cost of HIV diagnosis would come ... More

INFRASTRUCTURE


Greater Visakha in urban growth renewal mission
THE Greater Visakha Municipal Corporation (GVMC) has been included in the National Urban Development Renewal Mission and it will get enough funds for infrastructure development befiting a modern industrial city, according to the Municipal ... More

New SEZ rules in 10 days, says Kamal Nath
IN an attempt to address the gap between demand and supply for special economic zones (SEZs) in the country, the Union Government is planning to notify the new SEZ rules over the next 10 days, said Mr Kamal Nath, Union Minister for Commerce and ... More

PETROLEUM


IOC awareness campaign at Kochi
KOCHI: The public sector Indian Oil Corporation has launched a week-long campaign to create awareness about fuel checks at petrol bunks. The campaign to be run in all district headquarters towns encourage vehicle owners and other petrol ... More

India, China keen to share information on sourcing of crude oil
THE Petroleum Minister, Mr Mani Shankar Aiyar, on Thursday said both India and China have expressed their intent for exchanging information on sourcing of crude oil. Speaking to newspersons from Beijing, Mr Aiyar said this would be to the ... More

POWER


Govt to invite EoIs for five `ultra mega' thermal power projects
THE Government plans to invite expressions of interest (EoI) from global and domestic firms by the end of this month to build five `ultra-mega' thermal power projects, with a total installed capacity of 20,000 mega watts (MW). According to ... More

Bokaro Power board approves new 500 MW project — Mecon preparing detailed feasibility report
THE board of directors of Bokaro Power Supply Co Ltd (BPSCL), a 50:50 joint venture between SAIL and Damodar Valley Corporation (DVC), has cleared the proposal to set up a 500 MW power plant at Bokaro in Jharkhand. According to a senior SAIL ... More

TAXATION


Chamber highlights VAT snags in Kerala
THE Indian Chamber of Commerce and Industry has submitted a detailed memorandum to the Commissioner of Commercial Taxes of the State Government highlighting the practical difficulties faced by the business community after the introduction of VAT. ... More

Board of Trade concerns will be addressed: Kamal Nath
THE Union Minister of Commerce and Industry, Mr Kamal Nath, has assured the Board of Trade (BoT) that key issues raised by them would be sent to the relevant departments for speedy implementation. The BoT was set-up under the chairmanship of ... More

SSI


AP SSIs invited to trade fairs
HYDERABAD: The Small Industries Service Institute (SISI) has invited small-scale units in Andhra Pradesh to participate in trade fairs abroad. The two upcoming fairs are in Basel, Switzerland (MUBA 2006) during February 17-26 and ... More

Future Tech software for SMEs
HYDERABAD: Future Tech Information Systems, a Hyderabad-based technology company, has announced the launch of Soft Office, its office management software for small and medium enterprises. This software helps in better management of ... More

MANAGEMENT


IIMs to start new management programme
THE Ahmedabad and Kolkata campuses of the Indian Institute of Management would launch a new one-year programme in management this year. While the Ahmedabad campus would start the programme in April, the Kolkata campus would begin it in December. ... More

RADIO/TV


Northern towns may add Rs 84 cr to Govt's FM radio revenues
The Government is likely to garner about Rs 84 crore for allowing private FM radio channels to commence operations in the smaller towns of the northern region as one-time entry fee (OTEF). About 76 frequencies in 21 centres in States such as ... More

EDUCATION


Kerala teachers flay Govt decision
KOCHI: The All-Kerala Private College Teachers Association has criticised the rescinding of the requirement of a minimum 50 per cent marks in optional subjects at the higher secondary examination for admission to engineering degree course. ... More

SCIENCE & TECHNOLOGY


ISRO gets into chip manufacturing — Semiconductor Complex to be centre of non-space research
CHIP folk SemInd and Intel have roused Indian semiconductor dreams, but no one knows when they would be walking their fab talk. Meanwhile this surprise Indian entry into their space says it, too, is taking this business very seriously. Coming ... More

EVENTS


Leyland to invest additional Rs 550 cr — Proposes expansion, to set up two units - one in Dubai
COMMERCIAL Vehicle manufacturer and Hinduja Group flagship Ashok Leyland (ALL) has announced additional investments to the tune of Rs 550 crore to be pumped in during the next two years for increasing production capacities at its existing plants ... More

Tata Motors unveils Indica V2 Xeta, X-over
TATA Motors on Thursday unveiled the new Indica V2 Xeta (extra fuel efficiency, torque advantage engine) and the X-over, a crossover concept car that will be positioned as a family car with the looks of a sports utility vehicle. The Indica Xeta ... More

Tatra Vectra signs MoU with Russian co
TRUCK maker Tatra Vectra Motors Ltd has signed an MoU with Russia-based Kamaz Incorporated, to manufacture trucks and bus chassis for the domestic market. The company plans to roll out the products late this year. ``The Kamaz truck components ... More

Suzuki's 2 new bikes to vroom in March — Hopes to set up dealershipnetwork of 70 outlets
FIVE years after breaking away from its erstwhile joint venture partner - the TVS Group, Japanese automobile major Suzuki Motor has again marked its entry into the Indian two-wheeler market with two new bikes that the company plans to commence ... More

Castrol launches premium quality engine oil
CASTROL India Ltd announced the launch of its premium quality engine oil, Castrol EDGE at the Auto Expo here. According to Mr Sudhanshu Vats, Vice-President Marketing, Castrol India, "The specially selected additives in Castrol EDGE manage the ... More

INCOME TAX


Fast Becoming a Trauma
R. Anand sizes up the FBT regime More

EXPORTS & IMPORTS


Amul may witness 50 pc increase in exports
GUJARAT Cooperative Milk Marketing Federation (GCMMF), better known as Amul, is expected to end the current year with 50 per cent rise in exports, to Rs 180 crore. Amul branded product exports increased 100 per cent to Rs 120 crore in ... More

TOURISM


Karnataka to set up committee to strengthen tourism campaign
THE Karnataka Government would set up a `think tank committee' involving experts in tourism business to strengthen the campaign to attract tourists into the State. The proposal was awaiting clearance from the Chief Minister, Mr N. Dharam Singh, ... More

ECONOMIC OFFENCES


SEBI restrains Jermyn Capital from Indian market due to KP links
SEBI has restrained Jermyn Capital LLC, a sub-account of FII Taib Bank, from trading in Indian securities market for its alleged involvement with Ketan Parekh. The SEBI order said there are linkages between Jermyn Capital LLC, Jermyn Capital ... More



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Top Stories
Sugar coops to supply ethanol to oil PSUs


Govt to invite EoIs for five `ultra mega' thermal power projects

Business figures as annualised premium — IRDA mulls switchover to global reporting system

Rigging in penny stocks: SEBI pulls up CSE

Yahoo! sharpens focus on India

Bank credit up Rs 46,622 cr

Cars drive up 8.8 pc growth in Dec — Two-wheelers stay flat; commercial vehicles down

In Focus

Auto Expo 2006
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jan. 1-Jan. 7
Rally in commodity prices may continue in Q1

Hospitality sector gets a boost from buoyant economy

Paper manufacturers upbeat as demand may remain robust

Subsidy burden: Oil cos to cough up Rs 3,274 cr for Q3 — Ministry continues with previous quarter's formula

LNG shipping: Have Indian owners missed the wind?

A `disastrous' year for insurers

Lack of skilled labour major concern for retail sector

Business confidence up on sound economy, says CII outlook survey

Ban on Chinese textiles boosts Indian export growth

Construction industry takes bigger strides

Tariff values on vegetable oils reduced — Industry terms it as `small revision'; steepest cut for RBD palmolein

Four-wheeler sales growth slows in 2005

`Mega insurance policies is the trend in energy sector'

Only 1,364 advance degree H1-B visas left out of 20,000

Strict eligibility norms may force media houses to play low key in bidding for FM

Cement majors post robust sales in Dec — Stocks move up on firm prices

Alang yard awaits Clemenceau's arrival

For safe ayurvedic drugs, laws need to be strengthened

Children lead the way at science congress

India has refining capacity of additional 30 mt: Shell Global

Invest Rs 500 crore in hi-tech clusters: Kalam

Spices Board to conduct W. Asia market study

Steel prices likely to remain firm this year

Central assistance scheme for scientists to be liberalised

Textile exporters face non-tariff barriers in US

Pvt sector willing to invest in infrastructure projects: FICCI President

Inflation lower on cheaper fruits, vegetables


Lufthansa

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