The Hindu Business Line : Saturday, May 27, 2006

CLIMATE & WEATHER
US expert sees drenchers ahead
A well-known US meteorological expert says that prevailing weather indicators suggest persistent rainfall for the next five to seven days between a strong monsoon `low' off southern Arabia and the Kerala (even Karnataka) coast. "This upper low ... More

Southwest monsoon sets in ahead of schedule
Heavy rainfall likely in Kerala, Lakshadweep, and coastal Karnataka More

NON-CONVENTIONAL ENERGY
RWDI opens office in Technopark
RWDI, world's leading wind engineering consulting group, has set up its Asia-Pacific R&D centre at Technopark here. Wind engineering is essentially concerned with determining the impact of wind on tall buildings, bridges and ... More

ECONOMY
NEDFi reports all-time high performance
North-Eastern Development Finance Corporation Ltd (NEDFi) has announced an all-round record performance during the fiscal ended March 2006 surpassing all its previous years' achievements. In a press release, the Corporation said sanctions ... More

Cartoon
More

Costlier vegetables, food items push up inflation
WPI for all commodities up 0.4 per cent to 200.5 More

EXCISE AND CUSTOMS
Ministry clarifies on MRP-based excise levy
A section of corporate India may feel disappointed on this front. The Finance Ministry has clarified that a manufacturer of a product under Maximum Retail Price (MRP)-based excise levy would not be entitled to Cenvat credit on the service tax ... More

FOREIGN TRADE
Lanka unearths illegal spice exports to India
FTA ABUSE More

Maryland sets up trade office in Bangalore
The US State of Maryland has chosen Bangalore to locate its first India trade office. The Maryland India Centre (MIC) will formally be opened on May 29. It will facilitate two-way business interactions and incubate Maryland companies looking to ... More

India, EU seek to enlarge bilateral trade
India accounts for just 1.5 pc of EU's global trade More

INFRASTRUCTURE
Commerce Ministry to approve SEZs worth Rs 58,000 cr
The Union Ministry of Commerce and Industry is set to approve approximately Rs 58,000 crore worth of new SEZs (Special Economic Zones) next month. According to Mr G.K. Pillai, Special Secretary, Department of Commerce, Union Ministry of ... More

`Efforts on to cut infrastructure deficit'
The Government has also taken various measures to encourage public-private partnerships to improve infrastructure. More

PSU
Networth of 88 PSUs completely eroded, says CAG report
Likely to slow down divestment drive; recovery of loans becomes `doubtful' More

TAXATION
NSE, BSE revise STT rate upwards
The National Stock Exchange and the Bombay Stock Exchange have raised securities transaction tax (STT) on the transactions executed on the exchanges in derivatives and capital market segments from June 1. The revision is as per the Finance Act ... More

VAT panel asks States to list out deviations in rates
`Submit list before next meeting, likely to be held in 2nd week of June' More

TEXTILES
Spinning mills welcome TNERC move on wind energy
The Tamil Nadu Spinning Mills Association (TASMA) has said that the third party sale of energy allowed by the Tamil Nadu Electricity Regulatory Commission (TNERC) will enable the wind turbine generator owners selling the energy generated for a ... More

COAL
Central Coalfields targets 42 mt output this fiscal
Encouraged by its performance in the last few years, the Ranchi-based Central Coalfields Ltd (CCL) has set an annual production target of about 67 million tonnes (mt) of coal in the terminal year of the Eleventh Plan (2011-12) as against its ... More

Eastern Coalfields to outsource coal for Rajmahal mine
The company has floated a global tender inviting bids from internationally reputed companies. Floats global tender inviting bids till month-end More

EDUCATION
T.I.M.E. students shine in CAT 2005
KPMG to validate institute's performance More

Toyota to open technical institute in Bangalore next year
Move to overcome trained manpower shortage in its factories More

INDUSTRY ASSOCIATIONS
Change SME definition, remove reservation: Assocham report
To help achieve 12 per cent manufacturing growth More

CII welcomes RURs for Defence
The CII has welcomed the formation of Raksha Udyog Ratnas (RURs) for the Defence industry by the Ministry of Defence. These RURs or industry champions will be associated in Defence acquisition undertaken by the Government. They will also be ... More

NEWSPAPERS & PUBLISHING
4 dailies join hands to offer package ad deal in Hyderabad
ChaRminar alliance has been brought together by The Hindu-Eenadu combine More

DISINVESTMENT
Left to examine Govt's divestment programme
Airport, oil prices, quotas under scanner More

SOCIAL WELFARE
Agriculturist donates for stadium
Mr Anireddy Veera Reddy, an agriculturist from Miryalaguda town in Nalgonda district, has presented a cheque for Rs 15 lakh to Dr Y.S. Rajasekhara Reddy, Andhra Pradesh Chief Minister, here on Thursday. The amount would be used ... More

TRADE & LABOUR UNIONS
Indian delegation to attend labour meet in Geneva
The 95th session of International Labour Conference will be held at Palais des Nations in Geneva, Switzerland, between May 30 and June 16. Addressing presspersons here on Friday, Mr N.M. Adyanthaya, Vice-President, Indian National Trade Union ... More

EXPORTS & IMPORTS
Exports up 27 pc in April
Imports rise 21 pc More

TOURISM
Call to develop tourism infrastructure in Vizag
`Govt should rationalise tax structure, offer more incentives' More

Friends Globe Travels tour package
Friends Globe Travels Ltd, a division of FCm Travels Solutions, has been awarded contract as one of the official travel agents for the ICC Cricket World Cup in West Indies next year. According to the contract, the company will ... More

ECONOMIC OFFENCES
IPO scam: SEBI bars Karvy group entities
Drops action against Magnum, Jhaveri Sec More