The Hindu Business Line : Tuesday, December 06, 2005

New Bay `low' spawns rain alert in TN, AP
SUNDAY'S `low' over south Andaman Sea has crossed into the Bay of Bengal overnight and lay some 650 nautical miles (1,200 km) east-southeast of Chennai at 3 p.m. on Monday. The location was traced to almost the same latitude as Jaffna in ... More

AWARDS & HONOURS

Award for BHEL staff
AN employee of state-owned Bharat Heavy Electricals Ltd has been presented the `National Award for Best Disabled Employee' for the year 2005. The award, carrying a purse of Rs 25,000, a medal and a citation, was presented to the Additional ... More

HEALTH

Hrudaya Foundation targets 120 surgeries
HRUDAYA Foundation, set up by corporate leaders, doctors and other professionals, has set a target of 120 surgeries on children suffering heart problems, both congenital and acquired, in the first year. Addressing a press conference here on ... More

PETROLEUM

Petroleum Ministry targets 30 blocks under NELP 6 — Residual blocks may be offered under open acreage
Under the open acreage policy, blocks would be available throughout the year and companies can visit data room anytime and if they find any block attractive, they would bid for it. More

RUBBER

`Large investments needed to make rubber park project click'
The plan was to organise and relocate the existing rubber units in the State inside the park for development as an industrial cluster. More

TAXATION

CST phase-out losses: VAT panel indicates terms of compensation
THE VAT Panel overseeing the implementation of State-level VAT today announced the contours of the compensation package that it plans to demand from the Centre for revenue losses that would arise from the proposed cut in Central Sales Tax (CST) ... More

SSI

Study highlights channel partners role
WITH the growing domestic economy fuelling an anticipated boom in IT spending by Indian small and medium businesses (SMBs), channel partners of IT vendors are hopeful of a 19-per cent growth in revenues over the next 12 months, according to a ... More

REAL ESTATE & CONSTRUCTION

New interactive imaging tool for real estate sector
VIRTUAL tours will help enhance businesses in various sectors, according to Mr R.B.P. Vasan, Chief Technical Officer, Multi Vantage Media Productions (MVMP), a multi-million dollar US-based company. He was addressing the press here on Monday ... More

FOREIGN DIRECT INVESTMENT

Ministers' panel to review FDI norms
A GROUP of Ministers (GoM) headed by the Agriculture Minister, Mr Sharad Pawar, will go into the details of streamlining various rules and procedures related to foreign direct investment (FDI). The GoM would also review likely changes in the ... More

RURAL DEVELOPMENT

`One lakh villages should be connected by 2007'
IF Dr M. S. Swaminathan had his way, then by 2007, at least one-lakh villages across India would be connected. Talking to presspersons, he said to achieve this 5Cs were necessary - connectivity, content creation, capacity building, care and ... More

HUMAN RESOURCES

Europeans hunt for jobs in India
THE debate over Indian professionals taking over overseas jobs may lose some steam with indications of more and more foreign professionals seeking greener pastures in India. It is learnt that a small, but growing number of senior foreign ... More

EVENTS

Assocham to hold Arab meet at Kochi in Jan
THE Associated Chambers of Commerce and Industry (Assocham) has decided to make Kerala the focus State next year. It has proposed to organise several events in Kerala to showcase the State's untapped investment potential to the world. ... More

EXPORTS & IMPORTS

Cotton exports likely to top 20 lakh bales
COTTON exports are likely to top 20 lakh bales (of 170 kg) during the current season (October 2005-September 2006) with contracts already sewn up for shipments of 10 lakh bales. Cotton supply is likely to be adequate, despite reports of damage to ... More

EEPC facilitates $1-m export orders from SE Asian markets
ENGINEERING Export Promotion Council (EEPC) has managed to bag export orders for engineering products worth $1 million for Indian manufacturers from the South-East Asian market. In a press statement, Mr Rakesh Shah, Chairman, EEPC, said that ... More

NATURAL CALAMITIES

Banks told to be liberal with loans to flood-hit in TN
THE Reserve Bank of India has directed banks to increase the limit of consumption loans to Rs 5,000 without any collateral for the flood-affected people in Tamil Nadu. A notification issued by the central bank also said that this limit may ... More

ALTERNATIVE MEDICINES

e-encyclopaedia on traditional knowledge getting ready
IN order to protect the vast traditional knowledge, India will publish an encyclopaedia, running into 30 million pages in electronic format, that will keep intellectual property invaders from patenting indigenous wealth. Work on the book is ... More

TOURISM

Timeless Charm
For foreigners, it is an enchanting experience to take a look at the Chinese fishing nets in Fort Kochi. Despite the not-so-clean surrounding, tourists continue to throng the area. The budget accommodation and Western style buildings too make ... More

Centre's green signal for `night bazaar' in Hyderabad
NEARLY 18 months after getting a promise from the Union Minister of Tourism, Ms Renuka Chowdhary, the tourism industry in Andhra Pradesh can now expect a `night bazaar' in a few months. The Union Government has chosen Hyderabad as one of the ... More

Hong Kong drawing more Indian tourists
HONG KONG'S popularity has been growing steadily in India, with an 11.4 per cent growth in the number of Indian visitors to the island during January-October 2005 compared to the year-ago period. Visitor arrivals from India also registered ... More