The Hindu Business Line : Monday, July 23, 2007

ACCOUNTING STANDARDS
Flux in forex accounting norms
Chennai, July 22 It is not only the rupee that has been in a flux these days. The accounting guidelines on the subject too are apparently in a state of indefiniteness. A recent announcement by the Institute of Chartered Accountants of ... More

COURTS/LEGAL ISSUES
Many strands to the picture
Reactions of the Big Four to the Aztec Software ruling. More

ECONOMY
China’s growth fuels copper prices
Ongoing strikes in mines would impact prices More

Appreciating the causes and effects of rupee appreciation
The recent weeks have seen the rupee rising against the dollar amidst squeals of protest by exporters of textiles and other manufactured goods, besides services. Software services have, particularly, seen their competitiveness suffer. Importers ... More

FOREIGN TRADE
‘Bangladesh, India must break cycle of mutual mistrust’
For putting economic ties on ‘fast forward’ More

INFRASTRUCTURE
American Tower Corp entering India
New Delhi, July 22 In a move that would heat up the competition in telecom infrastructure space, US-based American Tower Corporation is all set to enter the Indian market. The company manages and rolls out infrastructure such as towers for ... More

‘World-class industrial exhibition park for Pune’
Will showcase manufacturing capabilities: Kamal Nath More

POWER
Madras Cements glows on captive power
Plans another plant in Tamil Nadu More

TAXATION
Inbound travel set to turn cheaper with service tax relief
New Delhi, July 22 Travelling to India could become not only a bit cheaper but also a lot easier. The Government’s recent decision to levy service tax on only 25 per cent of international tourist packages instead of the existing ... More

Cenvat credit on GTA services
We are a company receiving services of goods transport agencies. Can service receiver get Cenvat credit in the case of GTA services? In what situations, it can be availed by transport operator? Please guide.

SSI
BoB unveils SME loan factory
Bank of Baroda has launched an SME (small and medium enterprises) loan factory in Hyderabad. The bank also launched its 76th branch in Andhra Pradesh at Kukatpally in the city. While the branch was inaugurated by the CEO of Maytas Infra, Mr P.K. ... More

INDUSTRY ASSOCIATIONS
CII Tiruchi’s meet on July 27
Madurai, July 22 The Confederation of Indian Industry (CII), Tiruchi Zone, is organising a one-day conference on ‘Business Growth, Expansion And Management Summit-BIZ GEMS’ on July 27. The objective of the conference is to ... More

RURAL DEVELOPMENT
Report on panchayat raj, rural, urban governance soon
Mangalore, July 22 The Administrative Reforms Commission (ARC) will submit a report on panchayat raj, rural and urban governance in 20 days.Addressing presspersons here on Saturday, Mr Veerappa Moily, Chairman of the ARC, said that the ... More

HUMAN RESOURCES
Ministry for skill development in micro, small, medium sector
To increase skilled workforce to 50% More

Taking a strategic view of HR
Understanding strategy formulation and its links with HR More

‘Cos must offer high quality growth opportunities’
Kolkata, July 22 The biggest challenge for HR professionals today, especially in large corporate houses, is to provide employees high quality opportunities for growth, development, learning and contribution.Speaking at the inaugural ... More

EVENTS

Agenda for the week

INCOME TAX
Substance of return more important than Form
I submitted my income-tax (I-T) return for the assessment year 2007-08 in the last week of April 2007 in the old 2D Form showing ‘nil’ taxable income after deduction under Section 80C. Will I have to submit my ... More

EXPORTS & IMPORTS
Exporters say relief package ‘not enough’
New Delhi, July 22 A majority of the exporters surveyed by Assocham have found the recently announced Rs 1,400-crore relief package inadequate and sought a long-term export strategy to reduce transaction cost and restoration of suitable export ... More

BOOKS
Book launch
More