The Hindu Business Line : Saturday, September 30, 2006

NRIS
NRIs likely to get voting rights
The Government is likely to introduce an amendment to the Representation of People's (RPA) Act in the next session of Parliament to allow voting rights for the non-residential Indians (NRIs), said the Union Minister for Overseas Indian Affairs, ... More

AWARDS & HONOURS
Honour for Business Line photographer
The Hindu Business Line principal news photographer at Kochi, Mr K.K. Mustafah, has been honoured by the Kerala Horticulture Mission for his contribution to promoting horticulture in the State through his photos published in The ... More

CEMENT
`Cement prices to remain firm till March 08'
Demand has grown by 10 pc from April to August this year: India Cements More

COURTS/LEGAL ISSUES
AP High Court grants relief to Amway
Amway India Enterprises, the wholly owned subsidiary of the US-based $7-billion Amway Corporation, has said that the Andhra Pradesh High Court has granted injunction against CID proceedings on the company. With this order, all Amway offices ... More

ECONOMY
Manufacturing pushes GDP growth to record 8.9 pc in Q1
Highest rise since 2000-01; Construction and electricity sectors prove laggards More

`Political space needed for financial reforms'
More

External debt jumps $6.9 b
External debt jumped by $6.9 billion at the end of June 2006 to touch $132.1 billion, compared with the quarter ended March 31. Among the components of the debt, External Commercial Borrowings (ECBs) recorded the largest increase at $5.4 ... More

CCEA approves pooled finance development fund
The Cabinet Committee on Economic Affairs (CCEA) on Friday gave its nod for setting up a pooled finance development fund (PFDF), which would enable urban local bodies, including small and medium-sized municipalities, to raise funds from the ... More

Inflation under check on cheaper food, fuel
Wholesale Price Index of all commodities down to 206.3 More

ENVIRONMENT
`Maritime trade, least polluting'
Shipping industry is one of the most environment-friendly means of transportation and it promises rapid and more uniform economic growth globally. Delivering the inaugural address at the seminar organised on the occasion of World Maritime Day, Dr ... More

FOREIGN TRADE
Current account deficit doubles
Average price of crude rises to $66.8 More

`Indo-European round table to be forum for bilateral trade ties'
Interest in investing in India among Finnish cos is high: Numminen More

HOTELS
Budget hotel branch in Kerala
Roots Corporation Ltd, a subsidiary of The Indian Hotels Company Ltd, has launched its `Ginger' budget hotel brand in the city. The hotel, which was inaugurated today, is located near the Technopark Thiruvananthapuram. It is the first Ginger ... More

INFRASTRUCTURE
Centre to spend Rs 70 cr for modernisation of Moreh in Manipur
A modern LCS at Moreh was absolutely necessary if border trade with Myanmar has to be scaled up significantly. More

CII comes out in support of establishing SEZs
`Will be instrumental in export-led growth, boost employment' More

Godrej Ind plans to develop SEZs
Godrej Industries plans to develop a portion of its own land into a couple of Special Economic Zones (SEZ), said Mr Adi Godrej, Chairman, the Godrej group. One of them could be an IT SEZ, he added. Godrej Industries is looking at acquisitions ... More

PETROLEUM
Oil prices not too low: RBI
The Deputy Governor of the Reserve Bank of India, Mr Rakesh Mohan, said on Friday that oil prices were not too low even at current levels and there were considerable lags before monetary policy changes had an impact. Talking to presspersons ... More

Reliance undecided over fuel retail business
Reliance Industries is yet to take a call on the future of its fuel retail business, which was grounded during the last crude spike. Though crude prices and product have softened recently, the company is far from bringing its prices to the levels ... More

Giant oil rig berthed at Kakinada
Kakinada: A specialised giant oil rig has been berthed at the deepwater port here, according to Mr M. Muralidhar, the General Manager, Logistics, of the Kakinada Seaports Ltd. He said the rig, chartered by Cairn Energy for oil ... More

GAIL looking at E&P blocks in Africa
In talks with TGS-NOPEC, promoter of Madagascar bidding round More

POWER
REC mulls initial public offering
Awaits Cabinet nod for IPO; hopes to add Rs 150 cr to equity More

TEXTILES
SIMA favouors extending investor-friendly schemes
`Allocation for TUFS must be put at Rs 2,000 cr for next fiscal' More

`Loans sanctioned under TUFS to double next year'
Funds for textile projects next year under the Technology Upgradation Fund Scheme (TUFS) will double to Rs 30,000 crore, said Mr J.N. Singh, Textile Commissioner. Mr Singh was speaking at the Technical Textile Conference-2006, organised by ... More

SSI
New law for SMEs from Oct 2
The new law for the small and medium enterprises will come into force on October 2, the Government announced on Friday. The Micro, Small & Medium Enterprises Development Act 2006 envisages dispensing the two-stage registration process of micro .. More

WATER
National water portal on the anvil
To be a part of the national project of a knowledge network More

COAL
Govt may review coal linkages to cement, sponge iron cos
The Government is contemplating a reassessment of existing coal linkage volumes to many core sector customers. This may lead to reduction in assured supplies to the companies based on their actual use pattern. It would also curb the diversion ... More

EDUCATION
`Varsities, industries tie-up to benefit all'
There is greater potential for benefits of all kinds to flow in, if active partnerships are sought between universities and industries, according to the Managing Director of Mangalore Refinery and Petrochemicals Ltd (MRPL), Mr R. Rajamani. ... More

IIM-K annual finance seminar from today
Reliance Money, Business Line, Indiainfoline in partnership More

GEMS & JEWELLERY
Gems, jewellery stocks lose sheen
US move to end duty-free entry is negative trigger More

MEDICAL & SURGICAL EQUIPMENTS
Analytica-Anacon instrument fair
Analytica-Anacon will organise a three-day trade fair showcasing instruments for analysis in laboratory technology, testing and quality control, diagnostics and biotechnology starting November 16 at Bangalore. Along with the ... More

REAL ESTATE & CONSTRUCTION
CBI to probe IMG Bharata land deal
Ordinance to cancel allotment by TDP Govt More

INDUSTRY ASSOCIATIONS
TMMA office-bearers re-elected
Mr Rajnikant S. Bachkaniwala, Director, Himson Textile Engineering Industries Pvt Ltd, Surat, has been re-elected as chairman of the Textile Machinery Manufacturers Association (India) for the year 2006-07. The other ... More

Vikram Bakshi is NRAI President
Mr Vikram Bakshi, Joint Vice-President and Managing Director, McDonalds India (Northern and Eastern Region), has been elected as the President of the National Restaurant Association of India for the next three-years term. ... More

HANDLOOM
`Handloom Mark Label' scheme launched
Features two logos, one for domestic market and the other for exports. More

MINERALS
Iron ore industry opposes cess, ban on exports
Goa mineral ore exporters dub proposal as `illogical' More

NEWSPAPERS & PUBLISHING
Deccan Chronicle seeks nod for 24% foreign holding
Deccan Chronicle Holdings Ltd has sought permission from the Foreign Investment Promotion Board (FIPB) to allow foreign holding in the company up to 24 per cent. According to the foreign investment guidelines, a company in the print media can ... More

HUMAN RESOURCES
TAS 5th in top 10 preferred recruiters
TAS, earlier known as Tata Administrative Service, has been ranked fifth among the top 10 most preferred recruiters at the premier Indian business schools, according to the recently concluded AC Nielsen Campustrack Survey ... More

Retain talent, Minister tells DRDC
Mr M.M. Pallam Raju, Union Minister of State for Defence, has called for strategies to retain talent and attract bright students from universities to the DRDO (Defence Research and Development Organisation). Mr Pallam Raju, who visited the ... More

EVENTS
CII summit stresses corporate governance
India stands third in Asia More

Lifestyle show offers world-class ambience
Contemporary and chic. World-class ambience. Good variety to choose from and so on were some of the remarks from regulars and first timers at the annual `Hindu-Eenadu Lifestyle Show'here. The show, second in the series of the alliance of the ... More

RAILWAYS
Doubling of Madurai-Dindigul railway line sanctioned
Sanction has been accorded for the doubling of the much-awaited Madurai-Dindigul broad gauge line with a provision of Rs 30 crore for the current financial year. The project, expected to cost around Rs 130 crore, would be completed by 2007-08. ... More

INCOME TAX
Restore standard deduction to the salaried
Unwarranted discrimination against disciplined taxpayers More

TOURISM
GITC to launch copter tourism
To offer short trips to various locations More

ECONOMIC OFFENCES
AP Rice exporters deny hand in diversion scam
Rice exporters are not involved in any shady deals and they are making no attempts to divert rice meant for the public distribution system, or the food-for-work programme, according to Mr D. Surya Rao, Chairman of the Cocanada Chamber of ... More