Financial Daily from THE HINDU group of publications
Wednesday, January 11, 2006
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Financial Daily from THE HINDU group of publications Wednesday, January 11, 2006 |
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INDUSTRY & ECONOMY CLIMATE & WEATHER 
Cold wave abates, shifts to EastA major highlight of this year's season is the striking absence of rain activity normally generated from western disturbances. The precipitation over northwest India and Himalayas is vital for replenishment of water resources as well as for agricultu ral purposes. More NRIS Minister assures GOPIO members to cut red tape THE assurances given by Mr Oscar Fernandes, Union Minister of Overseas Indian Affairs, were music to the ears of GOPIO (Global Organisation of Persons of Indian Origin) members. To make it doubly sure, the Minister sprang a surprise by playing ... More SOCIAL SECURITY Govt notifies 8.5% interest rate on EPF for '05-06 THE Government has notified the rate of interest payable for employees provident fund deposits for 2005-06 at 8.5 per cent, according to an official release. The Ministry of Labour issued the notification here on Tuesday. Earlier, the Employees ... More BUDGET 
Agriculturists seek stepping up of farm sector investmentsAGRICULTURISTS urged the Finance Minister, Mr P. Chidambaram, on Tuesday, to step up investments in the agricultural sector, provide fiscal incentives for creation of irrigation facilities and come up with measures to ensure that government ... More COURTS/LEGAL ISSUES 
No live telecast of Indo-Pak Test matches on DD; only highlightsTHERE will be no live telecast of Indo-Pakistan cricket Tests on Doordarshan but only 90-minute highlights. This follows the inability expressed by Prasar Bharti in the Supreme Court on Tuesday to compensate the loss likely to be incurred by Ten ... More
ECONOMY Food subsidy cut put on hold: Pawar THE Government has decided to put on hold the recent Cabinet decision to cut the food subsidy bill by 30 per cent, following protests from the Left parties, DMK and a section of the Congress. The Union Minister for Agriculture, Food and Public ... More
US rate hikes near end? ENVIRONMENT Railways bid to enter carbon trading biz INDIAN Railways has launched an exercise to weigh its energy-saving efforts in gold or should we say carbon gold. The CLW-developed new three-phase electric locos, based on ABB technology, and now fully absorbed into the system, has set the ... More
India in six-nation clean energy initiative
Accreditations for NFC EXCISE AND CUSTOMS 
Tobacco products: `Scrapping of addl duties won't help' 'Huge illegal movement of stocks will take place' INDIRECT tax experts, especially those connected to the industry, are of the view that if the Additional Duties of Excise (Goods of Special Importance) Act 1957, as applicable to tobacco products, is repealed, it will effectively stop any share ... More FOREIGN TRADE Board of Trade to meet in Mumbai on Jan 13 THE Union Commerce & Industry Minister, Mr Kamal Nath, has proposed to convene the Board of Trade meeting in Mumbai on January 13. An official release said that a crucial item on the agenda of the meeting would be the presentation by select ... More INFRASTRUCTURE M&M ties up with Rajasthan for industrial park MAHINDRA & Mahindra has signed a deal with the Rajasthan Government to set up an industrial park near Jaipur, with estimated investments to the tune of Rs 10,000 crore. The first stage of the venture would be focussed on creating an IT Park. ... More
TN Govt invites bids for Chennai monorail project PETROLEUM Private oil majors pitch for specific excise duty WITH the Government keen to evolve a long-term pricing policy for petroleum products, private oil majors are proposing a host of structural changes including alteration of the basis of levy of duties and inclusion of petrol and diesel under the ... More
No regrets on losing Nigerian deal: Aiyar PHARMACEUTICALS Chemists in Maharashtra call off 2-day strike CHEMISTS in the State have called off their two-day strike following a slew of high-level meetings till late night on Monday. The strike had been called to protest a guideline introduced by the State's Food and Drug Administration (FDA) in ... More POWER Power Finance, NTPC bag excellence awards STATE-owned Power Finance Corporation has won the Memorandum of Understanding Award for Excellence in Performance for 2003-04. The award, instituted by the Department of Public Enterprises, is given every year to the top 10 public sector ... More
Procurement by distribution licensees — Power tariff policy moots competitive bidding TEXTILES Kandla turns national capital for used clothes from West URVASHIBEN pulls out a brand new sweatshirt from a heap of clothes at Ahmedabad's Kalupur area. The size fits Jignesh, her 18-year-old son. After some amount of haggling, the deal is settled at Rs 75. Urvashiben may not be aware of it, but she ... More
Mills decry short supply of ELS cotton — Poor seeds quality, labour costs worry growers SSI `Rs 1 cr margin money for starting rural industries lying idle' A MARGIN money of Rs 1 crore allotted for starting rural industries in 10 southern districts of the State remain unclaimed, according to the Madurai Divisional Director of Khadi and Village Industries Commission(KVIC), Mr R. Rajan. The margin ... More FOODS & FOOD PROCESSING FDI in retail will help food processing sector: Sahay "FDI in retail could fuel growth in the food processing sector in the country," said Mr Subodh Kant Sahay, Minister for Food Processing Industries, here today. He believes that allowing FDI in the segment will provide for the much needed ... More REAL ESTATE & CONSTRUCTION ETA venture with Voltas, Hitachi bags Dubai tower project order THE UAE-based ETA-led joint venture with Indian major Voltas and Hitachi has won Dh 1 billion contract for mechanical, electrical, plumbing and fire fighting works for the world's tallest tower - Emaar's Burj Dubai. The challenges ahead of ... More LEATHER Leather council hopes to step up garment exports THE Council for Leather Exports (CLE) is concerned about the declining trend in leather garment exports and the slow growth in leather goods export, and hopes to frame an action plan to accelerate exports. According to a CLE release, globally, ... More INDUSTRY ASSOCIATIONS PHDCCI for abolition of Essential Commodities Act THE PHD Chamber of Commerce and Industry (PHDCCI) has urged the Government to repeal the Essential Commodities Act (ECA) to strengthen the country's global competitiveness and to facilitate easy movement of commodities within the country. With ... More DISINVESTMENT 
Heavy Industries Ministry nod to exit Maruti, Finance Ministry to take final decisionTHE Ministry of Heavy Industries has given its consent for the Government to completely exit its shareholding in Maruti Udyog Ltd. The final decision is left to the Ministry of Finance, said Mr Santosh Mohan Dev, Minister for Heavy ... More FOREIGN DIRECT INVESTMENT VW team touring AP HYDERABAD: A team from German carmaker Volkswagen AG is touring the State and has visited Visakhapatnam, the site offered by the State Government, and Hyderabad. The low-key visit comes in the wake of the company's officials also ... More RURAL DEVELOPMENT `Fair trade movement gaining momentum' INSPIRED by the motto `Trade not aid,' more NGOs are promoting fair trade products made by marginalised groups, targeting mainly European and North American buyers. Chennai-based International Foundation for Fairtrade and Development (IFFAD) ... More
AP CM to launch rural employment scheme EVENTS Biz technology meet in Cairo THE third edition of Business Technology Forum, C Change, which is being held in Cairo from January 18, has attracted prominent corporate leaders from different sectors. Key speakers in the five-day meet will include Mr Subodh Bhargava, ... More
EXPORTS & IMPORTS Forex reserves cover 11-month imports INDIA'S forex reserves of $ 143.1 billion as of September 30, 2005 are adequate to meet 11.2 months' imports. In comparison, at the end of March 2005, forex reserves of $ 141.5 billion were adequate to meet 14.3 months' requirement, according to ... More
Edible oil imports down in April-October ALTERNATIVE MEDICINES `More testing, quality control needed in ayurvedic drugs' Give the rise in popularity of Indian system of medicine, standardisation and quality control have to be brought in besides ensuring that therapeutic dosages do not contain toxic materials. This can be established through laboratory tests, which the Centre has already initiated. More ECONOMIC OFFENCES 
Madras Fertilisers CMD finds himself subject of probeWHAT does a chief executive of a public sector company do when he reviews the work of its vigilance department and finds the only person under scrutiny is himself? The Chairman and Managing Director, Madras Fertilisers Ltd (MFL), Mr Sukumar N. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Focus Surging Sensex Dynamic Tirupur Trends in IT - 2005 FDI in retail sector WTO - Hong Kong meet India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Jan. 1-Jan. 7 Rally in commodity prices may continue in Q1 Hospitality sector gets a boost from buoyant economy Paper manufacturers upbeat as demand may remain robust Subsidy burden: Oil cos to cough up Rs 3,274 cr for Q3 — Ministry continues with previous quarter's formula LNG shipping: Have Indian owners missed the wind? A `disastrous' year for insurers Lack of skilled labour major concern for retail sector Business confidence up on sound economy, says CII outlook survey Ban on Chinese textiles boosts Indian export growth Construction industry takes bigger strides Tariff values on vegetable oils reduced — Industry terms it as `small revision'; steepest cut for RBD palmolein Four-wheeler sales growth slows in 2005 `Mega insurance policies is the trend in energy sector' Only 1,364 advance degree H1-B visas left out of 20,000 Strict eligibility norms may force media houses to play low key in bidding for FM Cement majors post robust sales in Dec — Stocks move up on firm prices Alang yard awaits Clemenceau's arrival For safe ayurvedic drugs, laws need to be strengthened Children lead the way at science congress India has refining capacity of additional 30 mt: Shell Global Invest Rs 500 crore in hi-tech clusters: Kalam Spices Board to conduct W. Asia market study Steel prices likely to remain firm this year Central assistance scheme for scientists to be liberalised Textile exporters face non-tariff barriers in US Pvt sector willing to invest in infrastructure projects: FICCI President Inflation lower on cheaper fruits, vegetables |
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