Financial Daily from THE HINDU group of publications
Saturday, April 22, 2006
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INDUSTRY & ECONOMY

POWER


Ultra mega power projects may hit regulatory hurdle
PFC's jurisdiction in calling for bids questioned More

States to pay more for overdrawing from grid
Wielding the stick over States that habitually overdraw from the grid but desist from paying up the ensuing penalties, power sector regulators have asked the Centre to adjust the penalties against their respective Central Plan allocations. The ... More

CLIMATE & WEATHER


Wet spell
THIRUVANANTHAPURAM CITY and suburbs witnessed scattered rain on Friday under the twin effect of a passing easterly wave and enhanced cloudiness from an evolving weather disturbance over Southeast Bay of ... More

NRIS


NRE deposit rates hiked
Central Bank of India increased the interest rates on non-resident (external) rupee time deposits by 30 basis points across all maturities with immediate effect, said a press release from the bank. The rates on NRE time deposits ... More

AWARDS & HONOURS


Justice Hegde award for Soli Sorabji
The `Justice K.S. Hegde Charitable Foundation Award-2006' will be conferred on Mr Soli Sorabji, former Attorney General of India, in Mangalore on April 29. A press release by the Justice K.S. Hegde Charitable Foundation and Nitte ... More

ECONOMY


CD on industry statutes in Goa
Goa Chamber of Commerce and Industry (GCCI) has published a CD containing a number of industry related statutes to facilitate and help business and industry. The CD which provides up-to-date information of various business ... More

Inflation slows on cheaper food items
Lowest in over three years; WPI up at 197.6 points More

ENVIRONMENT


ITC Paperboards' social strategy pays dividends
The farm and social forestry strategy devised by the ITC Paperboards and Speciality Papers Division (ITC-PSPD) to address the problem of rising demand-supply gap for quality wood for paper production has enabled the company manage multi-fold ... More

HEALTH


AxSys develops healthcare tool
The UK_based AxSys Technology Ltd has developed a healthcare software which can help in systematic delivery of medical support to patients. A set of easy to handle features would make its operations smooth, said Dr Pradeep Ramayya, CEO. The ... More

AIG installs narrow band imaging system
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has opened an NBI (narrow band imaging) system at the Asian Institute of Gastroenterology (AIG). The system helps identify gastrointestinal cancers at a very early stage and ... More

HOTELS


Taj Blue Diamond plans expansion
The city's booming hospitality sector will see some fresh action with news that its oldest five-star hotel, the erstwhile Blue Diamond Hotel, now owned by the Tata Group's Taj Hotels chain, is all set to go in for a major expansion. Sources ... More

TAXATION


Patel to take up service tax on first, business class
To meet Chidambaram, hopes to find solution soon More

VAT is price-neutral exercise: PwC
State-level value added tax (VAT) introduction has been largely price-neutral on an overall basis if one went by the findings of a PricewaterhouseCoopers' (PwC) survey on VAT implementation. As many as 57 per cent of the respondents did not ... More

SSI


United Bank in pact with SMERA
United Bank of India (UBI) has entered into a tie-up with SME Rating Agency India Ltd (SMERA) to increase the bank's lending to SMEs. An MoU between the two was signed on Thursday.The arrangement, according to a release from by UBI, will help ... More

Credit policy disappoints small sector
The small-scale sector is disappointed with the annual policy statement of the Reserve Bank of India for 2006-07. The Madurai District Tiny And Small-Scale Industries Association, in a statement here, said that by reining in the flow of funds ... More

COAL


ICRA upgrades Coal India rating
Coal India Ltd (CIL) got another boost for its rating with ICRA upgrading the rating assigned to CIL's borrowed credibility from LAA+ to "LAAA". Incidentally, this rating indicates the highest credit quality. The rated instrument carries the ... More

RADIO/TV


TRAI paper on cable rates for commercial users
The Telecom Regulatory Authority of India (TRAI) has issued a consultation paper on whether or not cable tariffs should be different for commercial subscribers such as hotels, guest houses, offices and hospitals. The discussion has been ... More

MTV to kick off new `youth icon' series
Sponsors of the event would be Pepsi, MusicWorld and Baskin Robbins More

EDUCATION


IIPE to launch new PG course
Huge demand for production engineers in future: IIPE Chief More

WLC to expand to S-E Asia
Eyeing a global presence, Wigan & Leigh College (WLC) - India, plans to set up campuses in Indonesia, Malaysia, Vietnam and China in the next 18 months. The college had earlier announced its plan for setting up campuses in Africa, West Asia, ... More

GEMS & JEWELLERY


Eastern India to play big role in jewellery show
23rd edition opens in Mumbai on May 4 More

REAL ESTATE & CONSTRUCTION


D.S. Kulkarni plans Rs 550-cr public issue
D.S. Kulkarni Developers Ltd, a real estate development company, is re-entering the capital market with a follow-on public issue of 55 lakh equity shares to raise funds for its new residential and commercial real estate projects, according to Mr ... More

MINERALS


Orissa grants 15 exploration permits
The Orissa Government has issued reconnaissance permits to as many as 15 companies to explore availability of diamond, gold, nickel, copper, lead, zinc and precious stones deposits in the State. The area for exploration of the rich mineral ... More

RURAL DEVELOPMENT


AP to seek Central intervention to rein in micro-finance institutions
Study finds `illegal and unethical' practices abetting suicides More

Fillip to mobile phone access for rural consumers
USO fund to help create infrastructure provider cos in rural areas More

EVENTS


National tech day celebration at Thiruvananthapuram
The Kerala State Council for Science, Technology and Environment, the Sree Chitra Tirunal Institute of Medical Sciences and Technology (SCTIMST) and surgicals major Terumo Penpol will jointly celebrate the National Technology Day ... More

Mumbai to host three-day Indo-China meet
The India China Economic and Cultural (ICEC) Council, a non-government organisation, is conducting a three-day `China Investment and Trade Development Conference' in Mumbai, commencing April 27. The conference will focus on improving bilateral ... More

Mumbai to host 3-day China trade meet
The India China Economic and Cultural (ICEC) Council, a non-government organisation, is conducting a three-day `China Investment and Trade Development Conference' in Mumbai, commencing April 27. Focus The ... More

Commonwealth programme in Chennai from today
Visitors to be exposed to micro-finance movement More

ENTREPRENEURSHIP


Sisters in trade
WOMEN IMPORTERS from Germany being received at a function organised by the Association of Lady Entrepreneurs in Hyderabad on Friday.

More

INCOME TAX


Apportionment of expenses
The method of estimating the expenditure to be disallowed will be prescribed by the Central Board of Direct Taxes Fine-tuning the computation of taxable income More

EXPORTS & IMPORTS


Pak team indicates doubling of Indian tea imports
`Teas on display suit their product mix' More

Rs 50 bonus for wheat growers
To import 30 lakh tonnes more More

Coir Corp exports Coco Peat to Dubai
Kerala State Coir Corporation Ltd has signed an agreement with Dubai Irrigation Trade Company and has commenced export of Coco Peat. The agreement envisages the export of 30-container loads of Coco Peat, during the next one year. The agreement ... More

DGFT sorts out licensing issue on second-hand capital goods imports
Import restriction would be applicable only to remanufactured goods More

New procedure for excise duty refund
Available only for those with good track record More


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DGFT sorts out licensing issue on second-hand capital goods imports

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In Depth

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Looking back
Apr. 9-Apr. 15
Bet on value-addition, innovation, India Inc told

`No outsourcing of core Customs functions'

Singapore chamber intitiative to deepen linkages with India

Sugar sector sees record output next season

Agri export zones may have single investment window

Soya oil prices soar on speculation

Oil majors keen on new exploration blocks

Foreign cos enter traditional wholesaling domain

Oil import bill swells to $40 b

India moves ahead in merchandise imports

Cement shortage hits many areas in the South

Industrial production up 8.8 pc in Feb

Weather models split over La Nina

Govt withdraws benefit to EOUs for supplies made in DTA

Average Indian household pays 42 bills online a year: Study

Passenger car market growth climbs down to 7.5%

Goan mine owners break the ice to own a ship

IDBI Bank doubles infrastructure exposure

Women want shopping to be fast and convenient



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