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Friday, February 10, 2006
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INDUSTRY & ECONOMY

BUDGET


NBFCs seek tax sops on par with financial institutions, banks for NPAs
NON-BANKING finance companies have sought tax sops similar to the ones extended to banks and financial institutions against provisioning done for non-performing assets (NPAs). At a pre-Budget meeting with the Finance Minister, Mr P. ... More

Music industry seeks zero import duty on CDs, VCDs, DVDs
IN order to give a fillip to the music industry that has been reeling in losses due to rampant piracy, the Indian Music Industry (IMI) has asked the Government to make imports of pre-recorded audio compact disc (CDs) or video compact discs or ... More

`Keep fabrics out of VAT ambit'
MUMBAI Textiles Merchants' Mahajan has demanded that VAT should not be imposed on fabrics and additional excise duty on fabrics should continue. Textile fabrics are currently outside the purview of sales tax and VAT. In a pre-Budget ... More

Chidambaram to hold pre-Budget talks with export bodies
THE Finance Minister, Mr P. Chidambaram, is to meet the heads of select export promotion councils here on Friday as part of his pre-budget consultations. Informed sources said that export promotion agencies representing leather, textiles, ... More

ECONOMY


Kerala's debt liability spirals to Rs 41,878 cr
DESPITE the higher economic growth rate of 9.2 per cent achieved by Kerala in 2004-05, the State's debt liability has been on a relentless rise and has reached three times of the revenue receipts. The debt increased by more than four times over ... More

CEOs see 7.7% GDP growth
EIGHTY-NINE per cent of the CEOs surveyed by industry chamber CII, in a snap-poll on expectations from Budget 2006- 2007, said that the rate of growth of GDP in the current fiscal would be at least 7.7 per cent, marginally lower than Central ... More

ENVIRONMENT


`Motivate people to conserve natural resources'
The project aims to develop examples of ecologically and economically viable livelihood enterprises in select project sites by involving community organisations. More

FOREIGN TRADE


`Labour issue delaying decision on Toyota's small car plant' — Japanese trade team visits Bangalore
THE Toyota/Daihatsu small car plant proposal for India is alive but the recent labour-related trouble at Toyota Kirloskar Motor Ltd's Bidadi plant near here has delayed a decision, Japanese officials on trade mission said on ... More

HEALTH


No greater gift than vision
`Get me Rs 100 crore and I'll wipe out blindness from Tamil Nadu,' is the impassioned plea of Dr J. Agarwal, who was awarded the Padma Bhushan this year for his services in ophthalmology. More

Where a ghost takes away their wombs...
Women in this Ugandan island are careful to avoid pregnancy and those who do get pregnant are quick to abort it... prompting the locals to call it the island of women without wombs. More

Meet on cancer management
HYDERABAD: Apollo Cancer Hospital is hosting CANCER CI - 2006 (Cancer Care Education and Research Conference Internationale) here on February 11 and 12 to discuss latest developments in the management of cancer. Announcing this at a ... More

INFRASTRUCTURE


New SEZ rules come into effect — Kamal Nath hopeful of Rs 1 lakh crore investments
THE much-awaited Special Economic Zones Act 2005 would come into effect from Friday with the requisite SEZ rules providing for simplification of procedures, single window clearance, easy compliance procedures and documentation and the number of ... More

Coimbatore chamber pitches for infrastructure schemes
"Though the Coimbatore region has been making a significant contribution to the Railways' freight and passenger traffic earnings, there is no matching response from the Railways." More

$3-billion project to manufacture semiconductors — SemIndia zeroes in on Hyderabad
SEMINDIA and the Andhra Pradesh Government on Thursday said a $3-billion (about Rs 13,500 crore) project to manufacture semiconductors that go into computers, mobile phones and other digital devices would come up near the upcoming Hyderabad ... More

AP CM directive to expedite work on ORR project
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has issued directions to expedite work on the first phase of work on the Outer Ring Road (ORR), gas pipelines, while reviving the modernisation plans for Rajahmundry and Kadapa ... More

PSU


Training in public enterprises
HYDERABAD: The Institute of Public Enterprise (IPE) is organising a two-day training programme on "Memorandum of Understanding for Performance Improvement in PEs" from February 10-11. The programme will discuss the role and scope for ... More

PETROLEUM


India, US ink pact for info exchange in hydrocarbons
An agreement would be signed between the Directorate General of Hydrocarbons and its US counterpart — Geological Survey — to carry out work in gas hydrates. More

Bottlenecks cleared in Ratna-R production contract
THE production-sharing contract (PSC) involving the Ratna-R series oilfields finally seems to be ready, paving the way for the development of the field, which has been on hold for over a decade. The oilfield is held by a consortium of Essar ... More

PHARMACEUTICALS


US Pharmacopoeia unit in Hyderabad
UNITED States Pharmacopoeia (USP) has started its Indian operations by opening its first overseas site at ICICI Knowledge Park here. USP is the official public standards-setting authority for medicines, dietary supplements, and other healthcare ... More

PLASTICS


Govt plans plastic innovation park with private partnership
THE Union Minister for Science and Technology, Mr Kapil Sibal, has mooted the idea of setting up a `Plastic Innovation Park,' which could be launched in collaboration with the private sector players, to carry out research and development and ... More

WATER


Water management exhibition begins in Delhi
NEW DELHI: The `Everything About Water Expo 2006' was inaugurated in the Capital on Thursday to showcase solutions for drinking water and waste water management. Sixteen countries, including Korea, Italy, Israel, Taiwan, the US, the UK ... More

RADIO/TV


Nimbus bags 4 year TV production contract from BCCI
NIMBUS Sport will be in-charge of the television production of all the cricket matches played between March 2006-10 organised by the Board of Control for Cricket in India (BCCI). It beat TWI, which has been producing some of the recently held ... More

EDUCATION


US internal audit body ready to fund educational institutions
THE Institute of Internal Auditors based in Florida is willing to fund colleges or universities that are interested in starting a course in internal auditing, the President of the Institute, Mr Dave Richards, told a news conference here ... More

Alumni meet in Thiruvananthapuram
THIRUVANANTHAPURAM: The Institute of Management in Kerala-University of Kerala is organising its annual alumni meet in the city on Sunday. The meet will be held in the seminar hall of the institute and will begin at 9.30 am, says a ... More

ICFAI management meet in Hyderabad
HYDERABAD: The ICFAI National College has announced that it would organise a two-day management meet `Confluence 2006' in Hyderabad on February 11-12. In a press release here on Thursday, the College said management students from over ... More

`Confluence 2006' on Feb 12 in Hyderabad
HYDERABAD: ICFAI National College is organising a two-day management meet `Confluence 2006' in Hyderabad on February 11-12. In a press release here on Thursday, the college said students from over 300 MBA colleges across the country, ... More

INDUSTRY ASSOCIATIONS


More than 30 M&A deals in January: Assocham
MERGERS and acquisitions are off to a flying start in 2006, with more than 30 M&A deals struck in January itself. Jet Airways's $500-million takeover of Sahara Airlines, Malaysia's Maxis Communication picking up majority stake in Aircel for ... More

SCIENCE & TECHNOLOGY


U.R. Rao moots observatory on moon
AN observatory on the moon will give a great boost to space research and an international commission has been constituted for the purpose of setting up one, according to Prof U.R. Rao, former ISRO Chairman. He was delivering the keynote address ... More

GENDER


At her service
Banks vie with one another to woo women customers with customised products and services. More

SOCIAL WELFARE


Rajiv Yuvashakthi plan
HYDERABAD: Over 64,000 youth in the State were benefited so far under the Rajiv Yuvashakthi Programme. These beneficiaries were sanctioned Rs 374.71 crore for taking up 50,000 units. The total target for the year 2005-06 was to offer ... More

LABOUR REFORMS


Kerala Govt to set up migrant labour cell
THIRUVANANTHAPURAM: The State Government will soon set up a cell to monitor the status of implementation of service conditions for migrant labour as well as the contractor's adherence to licensing procedures prescribed. The Labour ... More

EVENTS


India needs to develop leadership talent, says Infosys COO
INDIA needs to focus its attention on creating world-class leadership talent, as it is to benefit from the emerging economic milieu that will see more manufacturing shifting to the country from around the world, said Mr Kris Gopalakrishnan, Chief ... More

Mechnova expo from Feb 17 at Kottayam
KOTTAYAM: Rajiv Gandhi Institute of Technology in Kottayam will organise `Mechnova 2006', a five-day technical festival from February 17 to 21. The programme includes motor show, technical exhibition and national level contests. Major ... More

Roof under the sun
A mini cabrio with a sunroof at the Webasto-Motherson stall at an auto fair in Mumbai on Thursday. Webasto is a global leader in sunroofs.

More

INCOME TAX


Airtel completes phase 1 of I-T Dept tech initiative — To connect I-T offices in 510 cities
AIRTEL Enterprise Services, the business division of Bharti Tele-Ventures has completed the first phase of the Rs 240-crore e-governance project that will connect 745 Income-Tax Department offices in 510 cities through an optical fibre cable ... More

Due date extended for banks to file quarterly returns on deposits
THE Finance Ministry has once again extended the due date for the filing of quarterly returns by banks, co-operative societies and certain public companies of all deposits on which interest was paid without deduction of tax at source. The ... More

ALTERNATIVE MEDICINES


Healing spices
Krishnamurthy Reddiar shows how Sri Lanka's wealth of spices can be used to stay healthy. More



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Top Stories
ADAG identifies deviations in gas pact, non-compete clause


`Labour issue delaying decision on Toyota's small car plant' — Japanese trade team visits Bangalore

Bad money drives good money out

Renewal of contracts — Global reinsurers unlikely to hike rates for India

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Airtel completes phase 1 of I-T Dept tech initiative — To connect I-T offices in 510 cities

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jan. 29-Feb. 4
India seeks FDI that can generate employment — Assures to put 'best foot forward' to help investors

Exim Bank moots policy interventions to boost demand for vanilla

IRDA seeks review of health cover products

Carbon trading: 20 Indian projects registered at UN panel

VAT implementing States' tax revenues up 15.8% in April-Dec

Transfer pricing audits — Govt unlikely to do away with `secret comparable' practice

Creating energy security priority area: Murli Deora

Ministry moots 51% FDI in agri-business

NMDC divestment: Govt seeks EoI from merchant, investment bankers

As global majors strengthen presence — Indian cement industry logs highest growth in output

Gem & jewellery exports surge to $17 b in 2005

Over 45 pc dip in Nov-Jan vegoil imports

Crisil, ICRA to offer IPO grading services — Fitch to `wait and watch'

Deora hints at relief for oil cos in Budget

Mallya hits out at UK whisky body for lobbying against Indian-made liquor

Oil Ministry hopes to get contracted 5 mt LNG from Iran — But talks for additional 2.5 mt may be tough

Antrix-EADS Astrium team to build satellite for Eutelsat

`Growth in manufacturing sector key to generating employment'

Soyameal exports may top 22 lakh t by March-end

Govt set to garner Rs 1,100 cr from FM radio privatisation


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