The Hindu Business Line : Monday, August 21, 2006

CLIMATE & WEATHER
Fresh `low' brings eastern region also under footprint
The Bay of Bengal threw up another `low' on Sunday ahead of projections even as the westerly flows over the Arabian Sea showed signs of having weakened slightly. Consensus forecasts had favoured the `low' to take shape by Tuesday but the system ... More

NON-CONVENTIONAL ENERGY
AP to set up bio-diesel plantations in 13 dists
Govt to offer financial support to plantation farmers More

FOREIGN TRADE
Opening up of Nathu-la pass worries Buddhadeb
`Trade route may pose a threat to small sector industries' More

Panama Canal may soon be the fastest route to India-US trade
August 15 is an important day for the maritime industry. The Panama Canal, world's second busiest canal after Suez Canal, was officially opened on August 15, 1914, with SS Ancon being the first ship to transit the 80-km waterway. Today, ... More

HEALTH
GSK withdraws Combivir patent plea
Not under pressure, but as `a routine business decision' More

`Focus on implementation of health programmes'
State to post health fieldworkers in seven backward districts More

TAXATION
Indirect tax dues recovery target set at Rs 2,450 cr
The Finance Ministry has set for itself an indirect tax arrears recovery target of Rs 2,450 crore for 2006-07. Of this target, the Central Board of Excise and Customs (CBEC) expects to recover Rs 650 crore as Customs duty, Rs 1,300 crore as ... More

A bogey called `misuse' of the Mauritius conduit
India and Mauritius are discussing the possibility of strengthening the mechanism for exchange of tax information and also incorporating appropriate provisions in the DTAC about treaty shopping. More

TEXTILES
Foundation laid for TN textile park
The Union Minister of State for Textiles, Mr E.V.K.S. Elangovan, has said that if the existing textile park projects proved a success, the Government would consider setting up 200-250 textile parks across the country during the 11th Plan as the ... More

MANAGEMENT
Special hybrid programme for IOC employees
Online graduate school U21Global and Indian Oil Corporation Ltd have signed an agreement to offer a 15-week online Hybrid Certificate programme in Project Management to employees of IOC. By 2008, this collaboration is expected to deliver the ... More

EDUCATION
Cusat plans nanotech centre
Cochin University of Science and Technology (Cusat) is planning to set up a centre of excellence in nanotechnology. The centre will be the first of its kind in Kerala. As part of setting up the centre, Cusat authorities have initiated ... More

IFMR ropes in Harvard professor for content development
The Institute for Financial Management and Research (IFMR) has roped in renowned Harvard professor, Dr Sendhil Mullainathan, to assist the institute in developing course content and guide researchers in behavioural and development finance. Dr ... More

Don't be crazy about top cos, students told
"The first four years of your learning in the industry is important. It helps you to build a strong foundation. Therefore, don't be crazy about the top companies. Look at companies in tier two and three where you will get better opportunities to ... More

`ICFAI MBA programme gaining corporate approval'
The rising acceptance of the private ICFAI University MBA Programme offered through the centres of ICFAI National College (INC) for placements in the corporate world is reflective of the inherent strength of the programme in fulfilling the ... More

MEDICAL INSTITUTIONS & HOSPITALS
Manipal college in Dubai
Manipal Academy of Higher Education has announced the expansion of Manipal College of Allied Health Sciences to its knowledge village campus in Dubai. In the first phase, it will offer graduate programme in Physical Therapy and ... More

RURAL DEVELOPMENT
Karnataka allots Rs 600 cr under Gram Swarajya Scheme
The Karnataka Government has allotted Rs 600 crore under the Gram Swarajya Scheme to provide infrastructure facilities in 1,343 village panchayats under the jurisdiction of 39 most backward taluks. Addressing presspersons at Karkala in Udupi ... More

EVENTS
Agenda for the week
Assocham, SILF: Conference on `Partnership between business and law'; 4.00 p.m.; Hotel Shangri-La, New Delhi. AUGUST 22 CII: New hotel policy of Rajasthan 2006; 10.00 a.m.; Hotel Intercontinental, The Grand, Barakhamba ... More

Manufacturing excellence seminar
The Confederation of Indian Industry (CII) is organising the third edition of seminar on manufacturing excellence MAN'EXE 2006 here on August 26. "It would create a platform for the manufacturing fraternity to share and ... More

INCOME TAX
PNB tax-saver FD scheme
Punjab National Bank has announced a scheme for investors looking to park their funds in term deposits of five years and above along with the availability of tax benefits under Section 80C of the Income-Tax Act. A bank release ... More

I-T dept holds TDS symposium
Aimed at bringing about more awareness and clarity in understanding the provisions relating to the tax deducted at source (TDS), the Income Tax Department is organising a symposium at Dr Marri Chenna Reddy Institute of HRD here ... More

EXPORTS & IMPORTS
Export of molasses begins in TN
Molasses export from Tamil Nadu has commenced over the last one week following the mill-wise quotas granted by the State Government. Traditionally, the Government discourages export of molasses as it is needed as a raw material for the liquor ... More

NATURAL CALAMITIES
ONGC resumes gas production at Hazira
Supply to major consumers on More

Andhra Bank promises relief to flood victims
Andhra Bank and the other banks in Andhra Pradesh are keen on extending consumption loans and rescheduling crop loans in view of the devastation caused by the recent floods in the state, said Mr K. Ramakrishnan, Chairman and Managing Director of ... More

TOURISM
Unofficial picnic
TOURISTS ENJOY a boat ride at the 17th century township of Bhimunipatnam in Visakhapatnam. Traditional fishermen collect Rs 10 from each passenger for a 20-minute ride. ... More