The Hindu Business Line : Saturday, June 24, 2006

SOCIAL SECURITY
Kolkata port seeks Ministry help for pension payment
A large number of pensioners of the Calcutta Dock Labour Board (CDLB) have been not been getting their pension regularly due to the board's critical financial condition, according to the Calcutta Port & Dock Pensioners' Association. There is a . More

BUDGET
Separate panels to ensure farm debt relief, stable prices
Traditional sector, PSUs, coastal areas also get priority More

Budget targets the rich in Kerala
Overall deficit put at Rs 716.56 cr; stress on better tax compliance More

Chambers hail budget
The Indian Chamber of Commerce and Industry has welcomed the revised State budget saying that measures to establish Technocity, hi-tech corridor, industrial township at Palakkad and food processing industry at Wayanad are some of the good ... More

Bengal to exempt tea industry from farm IT
Budget proposals to mobilise additional revenue of Rs 46 cr More

Costly glitter
A SCENE FROM a jewellery shop in Kochi. Sales tax on gold jewellery has been raised from 1 per cent to 4 per cent in the revised budget.

COURTS/LEGAL ISSUES
The power to revise assessment
Section 263 of the I-T Act empowers the Commissioner to revise any order of the AO, where the order is erroneous and prejudicial to Revenue. More

ECONOMY
Inflation at 1-year high; steps assured to check rise
Chidambaram attributes rise to pass-through of fuel price hike More

World Bank lays emphasis on service delivery
Underscores need for greater political consensus on social development More

Inflation tops 5% tracking all-round price hike
Wholesale Price Index for all commodities at 203 points More

EXCISE AND CUSTOMS
Disclosure norms for excise duty revised
Manufacturing companies would have to come up with more disclosures on excise duty in their profit and loss statements. The Institute of Chartered Accountants of India (ICAI) has revised the disclosure norms for excise duty in the presentation ... More

HEALTH
Mercury exposure on the rise in India: Study
India, the second largest importer, after China, purchasing 150-200 tonne per annum More

HOTELS
DLF likely to tie up with Hilton
For hospitality business foray More

PETROCHEMICALS
Rains force ONGC to defer petrochem unit stone laying
Rains play spoilsport More

ONGC aims at better balance in petrochem distribution
Stone laying ceremony postponed due to rains More

PETROLEUM
Experts moot coal-to-oil conversion to meet fuel needs
Leading fuel experts have suggested coal to oil conversion to reduce the country's dependence on imported oil. Such conversion, it is felt, will help the country achieve self-sufficiency in energy needs. Endorsing the experts' point of view, ... More

PHARMACEUTICALS
Pall Life Sciences sets up Centre of Excellence
The Bangalore centre would also provide pharma and bio-tech companies consultancy and trouble-shooting services besides supporting validation and training More

TAXATION
Left seeks withdrawal of postal service tax
Protesting against the Government's recent move to levy service tax on postal services, the CPI(M) has demanded that the Congress-led coalition withdraw the `fresh burden' on the common man. "According to my information, this has already been ... More

SSI
Fitch, United Bank in ratings pact
Fitch Ratings on Friday signed an MoU with United Bank of India for SSI ratings. The tie-up will enable the bank increase its lending to the small scale sector. It will also help it take quick decisions while lending to SSI ... More

EDUCATION
MG varsity introduces MIB course
Ilahia College of Arts and Science, Muvattupuzha, has commenced Masters in International Business (MIB), a new postgraduate course in management studies introduced recently by the MG University. This course is equivalent to MBA ... More

`S&T not attracting enough talent'
With sectors offering better salaries able to attract talent in the current market-driven economy, science and technology (S&T) is not able to compete effectively in India, despite having a large pool of manpower. If this trend continues ... More

CARS
DaimlerChrysler plans to assemble S-class models locally
DaimlerChrysler India is all set to commence local assembly of its premium S-class model from its Pune facility from July this year. Aspirants to this particular set of hot wheels may now look forward to shelling out 15-20 per cent less once it ... More

HCV/LCV/TRACTORS
DaimlerChrysler launches heavy duty truck Actros
Available in two variants; aimed at mining segment of commercial vehicles biz More

FOODS & FOOD PROCESSING
TNAU launches food processing biz incubator
Open for entrepreneurs planning processed foods ventures More

REAL ESTATE & CONSTRUCTION
Conference on realty development in AP
The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) and the Associated Chambers of Commerce and Industry of India (Assocham) will organise a national conference on `Real estate development in Andhra ... More

INDUSTRY ASSOCIATIONS
CII led CEO mission to UK
The Confederation of Indian Industry is leading a CEOs mission to the UK from June 26-28. The highlight of the mission is the Indo-UK Business Leaders' Forum where Mr Kamal Nath, Minister of Commerce and Industry, and Mr Kapil ... More

DISINVESTMENT
Govt drops move to divest stake in EPIL
In line with its Common Minimum Programme decision of not privatising profit-making PSUs, the Government on Thursday dropped a proposal to sell its stake in Engineering Projects India Ltd. "The Cabinet has decided to give up the proposal to ... More

Left parties oppose divestment move
The Left parties have came out heavily opposing the Cabinet Committee on Economic Affairs (CCEA) to disinvest 10 per cent shares in Nalco and Neyveli Lignite. The Communist Party of India (CPI) charged the Government with violation of the ... More

WTO
IEI ties up with EMF
With the Doha round of WTO coming up by the end of the year and natural mobility of the engineers being curbed, the Indian Institute of Engineers (IEI) has tied up with the Engineers Mobility Forum (EMF), said Prof S. C. Naik, ... More

SOCIAL WELFARE
HelpAge gesture
HelpAge, a non-governmental organisation working for senior citizens, has sanctioned grant worth Rs 40 lakh to 22 organisations involved in providing succour to old people across Andhra Pradesh. ... More

INCOME TAX
Inequity in interest rates
For every month of delay in payment of tax, the assessee is charged interest at one per cent, whereas for delayed payment of refund, the Government pays only 0.5 per cent. Should not the rates be uniform? More

Finance Ministry clarifies on TDS on senior citizens' income
Declaration to be filed for no deduction of tax More

EXPORTS & IMPORTS
EEPC sore over notified markets under FMS
Seeks to add more countries under African, Latin American blocs More