The Hindu Business Line : Sunday, June 04, 2006

NRIS
Is interest from NRE accounts taxable?
I am a resident but not ordinarily resident in accordance with the Income-Tax Act. I have funds deposited in India in NRE and NRNR accounts. The interest on these deposits is credited quarterly to my NRE savings account. Some of these ... More

INVESTMENTS
Right time to take a shine to gold
The unstoppable rally in gold has made investors world over flock to it and rethink their portfolio allocation to the precious metal. With the recent meltdown, is this the right time to invest in the yellow metal? More

The glittering investment options
An avid believer in gold now has a variety of ways to invest in the yellow metal than just jewellery. For generations, jewellery has been the only way to invest in gold for retail investors, despite the high carrying costs. But now there are ... More

COURTS/LEGAL ISSUES
LAW OF THE LAND
Flooring material vs floor covering
If you thought you knew how to tell a floor from a tile, and vice versa, be ready to be floored by this tile case that went all the way to the apex court: Indcon Structurals (P) Ltd vs Commissioner of Central Excise, Chennai. Indocon is ... More

INFRASTRUCTURE
When quality of life becomes the victim
Growth of an elite slum. Thus reads the caption of a box item in `Rajasthan Development Report' of the Planning Commission, from Academic Foundation (www.academicfoundation.com) . It speaks of "a ... More

PETROLEUM
IndianOil plans to import 40.9 mt crude oil in '06-07
Looking at Saudi Arabia, Nigeria for the purchase More

GAIL favours cost of service method for computing tariff
Existing method lacks flexibility of reviewing transportation tariffs More

Panna-Mukta jt venture yet to firm up crude offtake pact
Delay in receiving the consent of Reliance and British Gas is holding Panna-Mukta-Tapti (PMT) joint venture in firming up the crude offtake agreement with Mangalore Refineries and Petrochemicals Ltd (MRPL). ONGC, the other partner and operator of ... More

PHARMACEUTICALS
BV Biologicals to offer manufacturing facilities
Close to signing deals with international firms for animal vaccines More

POWER
Tata Power may join Tata Steel for coal mining
To invest Rs 18,000 crore to augment generation capacity More

Eco cess — Orissa, power producers at loggerheads
State Govt talking to all parties concerned More

EDUCATION
Oversight panel report by July 31
The five core groups of the Oversight Committee on IITs, IIMs, Central universities, agriculture universities and health institutions will submit their reports by July 31, according to its Chairman, Mr M. Veerappa Moily. The ... More

REAL ESTATE & CONSTRUCTION
Is wealth tax for real?
A low-down on the valuation of real estate and the deductions and exemptions, if any... More

Rental laws and gains
Tamil Nadu has waited long for changes in the Rent Control Act to benefit both the landlord and the tenant. More

Tax sans rent?
My tenant has to pay me Rs 10,000 per month according to the lease agreement. He was in occupation of the property from January 1, 2005, and paid rent only for three months. He continued to occupy my property till December 31, 2005, ... More

Energy conservation opportunities
Reduction of solar heat gain through glass windows and glass doors by external shading

Use heat reflecting window/door coatings

Insulation and lighter colours for roof and walls

Raising conditioned space temperature ... More

INDUSTRY ASSOCIATIONS
Assocham moots food development bank
Assocham has proposed setting up of a food development bank that can lend to small farmers at concessional rates. The chamber argues that this will help the food processing industry as its access to institutional finance for term loans and ... More

TEXTILE MACHINERY
SIMA fair to showcase latest textile spares
The third edition of the international expo on textile spares and accessories by the Coimbatore-based Southern India Mills Association (SIMA) will be held here between July 27and 31. The five-day exhibition will showcase the latest offerings of ... More

EXPORTS & IMPORTS
Vanaspati imports from Sri Lanka through Nafed
Regulating cheap imports under Indo-Sri Lanka FTA More

STC finalises 8 lakh t wheat import deal
AWB Ltd, Agrico Trade & Finance SA clinch contracts More

BOOKS
Dualism in India's urbanisation
3iNetwork is a formidable combo. It is the coming together of three institutions, viz. IIT-K (Indian Institute of Technology, Kanpur), IDFC (Infrastructure Development Finance Company Ltd, Mumbai), and IIM-A (Indian Institute of Management, ... More