The Hindu Business Line : Saturday, August 13, 2005

Employment guarantee scheme can be managed within Rs 25,000 crore
The Government plans to offer 100 days of employment a year to one member from `every' rural household. More

CLIMATE & WEATHER

Lull in rainfall due to `break monsoon'
THE National Centre for Medium Range Weather Forecasting (NCMRWF) has clarified that the ongoing lull in seasonal rainfall activity over the central, north and northwest India is indicative of a `break-monsoon' phase. Ample supportive evidence ... More

ANNOUNCEMENTS

Samsung opens digital home in Vizag
SAMSUNG India Electronics Ltd (SIEL) will focus on innovation and introduction of the latest audio-visual products in the Indian market at competitive rates, Mr Pradeep Tognatta, senior vice-president (sales), said. At a press meet after ... More

AUTOMOBILES

Car sales skid 11 pc in July
PASSENGER car sales dropped by 10.6 per cent in July, as heavy rains affected sales in two key markets. Sales dropped to 63,084 units in July compared with 70,606 units in the same month last year, data released by the Society of Indian ... More

CEMENT

Advanced simulator for cement plant engineers
AIMED at imparting realistic hands-on training to the cement plant engineers and technicians, the National Council for Cement and Building Materials (NCB) has commissioned an advanced simulator trainer on its premises here. NCB, an apex body ... More

ECONOMY

Manufacturing powers 11.7% industrial growth in June
INDIAN industry grew by 11.7 per cent in June 2005 over the corresponding period of the previous year powered by robust growth in the manufacturing, electricity and mining sectors. This is against 7.3 per cent year-on-year growth during June ... More

`Southern states acquiring potential to tap higher investments'
SOUTHERN States are well poised to acquire economic potential for attracting higher investments from domestic and overseas industries as against the northern part of the country and therefore, will become a role model to be emulated by other ... More

Inflation dips below 4 pc on cheaper food
THE annual rate of inflation declined marginally to 3.84 per cent in the week ending July 30 from the previous week's 4.07 per cent on account of cheaper food and manufactured products. On a point-to-point basis, the inflation rate stood at ... More

Karnataka's debt service cost of off-budget borrowings may rise to Rs 1,885 cr
DEBT servicing expenditure of off-budget borrowings by the Karnataka Government has escalated this year despite the low interest rates and reduced interest costs. Off-budget borrowings refer to debt funds raised by entities backed by State ... More

EXCISE AND CUSTOMS

Indian Oil officers seek duty rationalisation
THE Indian Oil Officers' Association (IOOA) today appealed to the Union Minister for Petroleum and Natural Gas, Mr Mani Shankar Aiyar, to either increase prices of petroleum products or revert to the APM era to ensure a fixed post tax return on ... More

HEALTH

Palm oil is not a saturated fat, say scientists
HEALTH and nutrition issues relating to vegetable oils in general and palm oil in particular have assumed importance in recent years. In many of the developed economies where obesity is a serious health issue, consumption of fats has engaged the ... More

Ex-servicemen to get smart cards for medical aid in Karnataka
RETIRED armed force personnel, who want medical facilities at polyclinics under the Ex-servicemen Contributory Health Scheme (ECHS), are being given smart cards, according to Brigadier M.K.G. Menon, Commander of Karnataka and Kerala Sub-Area. ... More

Mumbai in the grip of a health crisis
THE drone of vehicles fumigating the city gives but a hint of the health-crisis that has gripped Mumbai. It is the steadily mounting death toll of people succumbing to water-borne diseases that is a reality check on the after-effects of the rains ... More

Municipal Commissioner rules out epidemic in Mumbai
The Municipal Commissioner of Mumbai, Mr Johnny Joseph, clarified on Friday that there is no epidemic in Mumbai city. A central team of experts touring the city also ruled out on Friday that there is an epidemic in Mumbai and two other towns in ... More

PESTICIDES

Export strategy insulates pesticide players from domestic market risks
WITH the domestic consumption of pesticides stagnating during the last decade, it's the export market that provides the cushion to pesticides players, according an industry report on pesticides. In fact, from a combined turnover of an estimated ... More

PETROLEUM

Oil price hike
Everyone should share the burden: Aiyar
THE Petroleum Minister, Mr Mani Shankar Aiyar, today reiterated that to mitigate the impact of the surging global crude prices all the three stakeholders - oil companies, Government and the consumers - would have to share the burden. He ... More

POWER

KCCI urges Govt for land allotment for Padubidri project
THE Kanara Chamber of Commerce and Industry (KCCI) has requested the Karnataka Government to act fast in handing over the land required for the coal-based thermal power plant of Nagarjuna Power Corporation Ltd at Padubidri in Udupi district. ... More

TAXATION

Govt eases service tax registration process
THE Finance Ministry has eased the process for obtaining a centralised registration for service tax. Besides revising the information that was sought from assessees at the time of application for a centralised registration, the Finance Ministry ... More

SSI

SBI targets Rs 200-cr biz from small sector cell
STATE Bank of India targets business worth over Rs 200 crore next year through its newly created Small Enterprises Credit Cell in Bangalore. The optimism stems from having advanced Rs 122.94 crore for 1,700 proposals within one year of its ... More

AP Chamber welcomes SME package
HYDERBAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has welcomed the package announced for the SME (small and medium enterprises) sector by the Centre. Mr C.V. Atchut Rao, President of FAPCCI, in a ... More

RADIO/TV

KBC 2 boosts Star ratings
STAR TV has every reason to smile, with its big ticket show Kaun Banega Crorepati 2 (KBC 2) garnering record ratings on the day of its launch. According to a TAM analysis, KBC 2 topped ratings among the "1 hour timeslots" at All India level. ... More

Kairali to have second channel
THIRUVANANTHAPURAM: Malayalam Communications Ltd, which owns the Kairali satellite television channel, will launch its second channel on August 17. Called `People', the company's new channel will telecast a mix of news and ... More

EDUCATION

School of Intellectual Law at IIT Kharagpur
The Vinod Gupta Charitable Foundation (VGCF) has announced the setting up of Rajiv Gandhi School of Intellectual Law at IIT Kharagpur. "The institute will transform classroom knowledge into an action by creating relevant corporate situations. ... More

IIT Delhi alumnus Vinod Khosla commits $5 m for IT school
MR Vinod Khosla, an alumnus of Indian Institute of Technology (IIT) Delhi and co-founder of SUN Microsystems, made a commitment of $5 million for setting up Amarnath Khosla and Shashi Khosla School of Information and Technology at the IIT Delhi ... More

REAL ESTATE & CONSTRUCTION

G Corp acquires BOC India's Yeshwanthpur land
THE city, which is fast becoming a hot-spot for real estate developers, witnessed one more of its prime property snapped up by a Delhi-based company. The seller, a leading industrial gas manufacturing company had, in a notice to the Mumbai ... More

FOREIGN DIRECT INVESTMENT

`FDI in retail will bring fiscal discipline to the sector'
FOREIGN Direct Investment (FDI) in retail would bring about fiscal discipline in the sector and also provide the necessary capital for setting up organised retail store chains, along with associated supply chains, said Mr L Mansingh, Secretary, ... More

BMW Holdings TN plant proposal gets FIPB nod
THE Government has approved German automobile manufacturer BMW Holdings to set up an automobile assembly unit in Tamil Nadu, involving foreign direct investment (FDI) worth Rs 100 crore. Thirty FDI proposals involving Rs 181.68 crore were ... More

RURAL DEVELOPMENT

Centre to enlarge scope of rural employment scheme
THE Cabinet has decided to increase the number of districts to be covered under the National Rural Employment Guarantee Scheme from 150 to 200, besides extending it to all rural households, instead of confining the scheme to only Below Poverty ... More

INCOME TAX

No interest for first instalment of advance FBT up to Aug 31
THE Finance Ministry said on Friday that the first instalment of advance Fringe Benefit Tax (FBT) could be paid on or before August 31 and interest would not be charged for such payments made on or before that date. "In order to provide some ... More

Late payment of taxes may not always attract interest
AS an assessee tax deductor in the category of a corporate house or an educational institution, if you fail to pay taxes within the prescribed time limit to the credit of the Central Government you have no scope or prerogative to be heard before ... More

PEOPLE

Isher Judge Ahluwalia is new Chairperson at ICRIER
THE Indian Council for Research on International Economic Relations (ICRIER) has a new Chairperson in Dr Isher Judge Ahluwalia. She succeeds Dr I.G. Patel, who passed away on July 18 this year.Dr Ahluwalia is currently Chairperson, Board of ... More

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