The Hindu Business Line : Saturday, July 19, 2008

TAXATION: A favourable ruling on referral fee
In a recent case, the Authority for Advance Rulings held that referral fee was not royalty or fees for technical services and hence not taxable in India as business income, as the company concerned did not have a permanent establishment in ...

HEALTH: Arogyasri addresses only part of the problem: Lok Satta
Call for public-private partnerships, focus on primary care. Hyderabad, July 18: The Lok Satta Party has called for a public-private partnership by way of integrating small, low-cost private health providers with the public healthcare system. ...

EDUCATION: Clinical research management course

INCOME TAX: No TDS certificates for returns
The Central Board of Direct Taxes on Friday said that tax deduction at source (TDS) or tax collected at source (TCS) certificates are not required to be annexed to the income-tax returns to be filed with the Income-Tax Department. “Wherever ...

EVENTS: Meet on welding, painting tech
The Confederation of Indian Industry organised a conference on welding and painting technology here on Friday that threw light on the emerging trends in the two fields. Speakers underlined the fact that the two fields were of great importance to ...

REAL ESTATE & CONSTRUCTION: Polaris to foray into realty
The Polaris Software board has approved the company’s commencement of the real estate business activity. This is to ‘monetise’ the company’s existing real estate assets in Chennai and Gurgaon, and give the benefit to ...

REAL ESTATE & CONSTRUCTION: Sureka Group to step up investment to Rs 1,000 cr
Developing 3 m sq ft residential space in Kolkata. The Kolkata-headquartered Sureka Group would develop at substantial investment three million sq ft of residential space in and around the city by next year, according to Mr Pradeep Sureka, ...

FOREIGN TRADE: India, Nepal identify tie-up avenues
Kolkata, July 18 Indo-Nepal bilateral trade volume was at Nepalese rupees (NPR) 159,000 crore in 2007-08, according to Mr Durgesh Man Singh, Ambassador of Nepal. “The total trade volume was at NPR 252,000 crore, and almost 63.2 per cent ...

HEALTH: Biocon launches nano drug for breast cancer
Expects to clock Rs 10 cr in the first year. Bangalore, July 18 Biocon Ltd says it expects its just-launched breast cancer drug Abraxane to become a Rs 100-crore product over three ...

HUMAN RESOURCES: Institute for construction artisans to come up in Coimbatore
Ramakrishna Mission Vidyalaya, Builders’ Association of India sign MoU. Coimbatore, July 18 In an effort to bridge the gap in the availability of trained construction labourers, the Ramakrishna Mission Vidyalaya, Coimbatore, and ...

TAXATION: General insurers bound to deduct tax on interest on compensation: HC
Chennai, July 18 General insurance companies engaged in motor vehicle insurance business are bound to deduct income-tax at source (TDS) on interest paid on compensation awarded by Motor Accidents Claims Tribunal in respect of claims under ...

NON-CONVENTIONAL ENERGY: Spotlight on solar
With oil prices up and away, commercial interest in renewable energy is on the rise. While wind energy has been the leader in this segment, both worldwide and in India, a turnaround in solar power is on the cards, with corporates lining up ...

HEALTH: Four Indian drug cos join Clinton’s efforts against malaria
Mumbai, July 18 Indian drug companies, Cipla, Calyx Chemicals, Ipca Laboratories and Mangalam Drugs, have joined former US President Mr Bill Clinton’s efforts against malaria. ...

REAL ESTATE & CONSTRUCTION: ‘Realty prices up over 15% in Bengal’s tier II, III cities’
Real estate prices in the tier II and III cities in West Bengal have been growing at over 15 per cent, largely driven by a spurt of industrial activity, according to real estate developers. ...

ENTREPRENEURSHIP: Helping rag-pickers to become entrepreneurs
GRAMEEN BANK INITIATIVE. Mangalore, July 18 After bringing rag-pickers under the banking network a year ago, the Dharwad-headquartered Karnataka Vikas Grameen Bank (a regional rural bank sponsored by Syndicate Bank) has now taken a step ...

ENTREPRENEURSHIP: Small industries body, Canara Bank to train women
Tiruchi, July 18 Under its Science and Technology Entrepreneurship Development project, the Tiruchi District Tiny and Small Scale Industries’ Association (TIDITSSIA) has joined hands with Canara Bank to train prospective women ...

ECONOMY: Sensex gains more than mid, small-cap indices
Mumbai, July 18 The benchmark indices, the Sensex and the Nifty, moved up around 4 per cent on Friday prompted by a sharp fall in crude and lower-than-expected inflation numbers. ...

READYMADE GARMENTS: ‘Bengal will play active role in developing garment industry’
Kolkata, July 18 The West Bengal Government would play an active role in the development of infrastructure for the garments industry, according to Mr Manabendra Mukherjee, Minister for Micro, Small-Scale Enterprises and Textiles. Commenting ...

EVENTS: All for safety

TOURISM: Medieval touch

EVENTS: Search and rescue

STEEL: SAIL asks retailers to limit profit margin
New Delhi, July 18 Steel Authority of India Ltd has come out as the first steel company in the country to set an indicative profit margin for steel traders. It has also issued warnings to its customers that if steel purchased for consumption ...

ECONOMY: Call to improve efficiency of Govt spending
Bangalore, July 18 Mr Rajeeev Chandrasekhar, President of the Federation of Indian Chambers of Commerce and Industry (FICCI), has asked the Karnataka Government to take initiatives to improve efficiency and effectiveness of Government ...

REAL ESTATE & CONSTRUCTION: IGBC launches Ahmedabad chapter
The Indian Green Building Council (IGBC) has launched its Ahmedabad chapter to enable faster and deeper reach of green building concepts to wider sections of stakeholders and to provide a platform for networking at the regional level. ...

COURTS/LEGAL ISSUES: Kolkata ban on 15-year old public vehicles
Kolkata, July 18 All public vehicles 15 years old have been prohibited to ply in Calcutta Metropolitan regions from March 31, 2009. ...

ECONOMY: CPI-based inflation down in June
New Delhi, July 18 Indicative of a softening trend in the prices of items of common use, the inflation rate based on All India Consumer Price Index (CPI) for Agricultural Labourers, released here on Friday, has come down marginally in June ...

EVENTS: CAs have a key role in growth
The Chartered Accountants (CAs) should be prepared to play a diversified role in economic growth, Mr S. Jaipal Reddy, Union Minister for Urban Development, said. In his inaugural address at the Diamond Jubilee celebration of Institute of ...

REAL ESTATE & CONSTRUCTION: Unitech Corporate leases property
Unitech Corporate Parks Plc (UPC), which focuses on investing in commercial real estate in India, announced that it has leased a further area of about 3,22,700 sq. ft. and has received commitments for about 5,25,300 sq. ft. under ‘Options ...