Financial Daily from THE HINDU group of publications
Tuesday, January 10, 2006
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Financial Daily from THE HINDU group of publications Tuesday, January 10, 2006 |
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INDUSTRY & ECONOMY CLIMATE & WEATHER 
Respite from cold likely for now, fog tipped to returnFrost prevailing over parts of Punjab, Haryana, Rajasthan and Uttar Pradesh is tipped to continue through the next 24 hours and dissipate with fog settling in. More NRIS Remit2India launches NRI services REMIT2INDIA, part of TimesofMoney.com of the Times Group, has unveiled NRI services here on Monday, coinciding with the concluding ceremony of Pravasi Bharatiya Divas-2006. The Deputy Secretary in Union Ministry of Overseas Indian Affairs, Mr ... More
LVB hikes rates on term, FCNR, NRE deposits
Gulf NRI body welcomes new initiatives
Kalam urges NRIs to aid rural development NON-CONVENTIONAL ENERGY Ahmednagar NGO set to launch biodiesel project GOVIND Gramin Prathisthan, an Ahmednagar-based NGO, is set to launch a pilot project to produce biodiesel from jatropha. The trial run is slated to begin in May. Speaking to newspersons, Mr Govind Gulabrao Kale, the founder, said that till date ... More ECONOMY `Higher growth, expenditure, proper utilisation key for coherent economy' DR C. RANGARAJAN, Chairman of Economic Advisory Council to the Prime Minister, has called for a three-pronged approach comprising higher economic growth, a higher proportion of expenditure, particularly public expenditure on social sectors, and ... More
Reduction in food subsidy to raise State Govt burden ENVIRONMENT Carbon credit: Rs 15,000-crore investments likely THE unfolding opportunity of carbon credits has caught the imagination of Indian entrepreneurs. The number of Indian projects, in the fields of biomass, cogeneration, hydropower and wind power, eligible for getting carbon credits, now stands at ... More HEALTH 
Mickey, Donald bring cheer to children in hospitalsIT was a dream come true for children battling for life at Mumbai's Tata Memorial Hospital when they got to meet Mickey Mouse, Minnie and Donald Duck. The Walt Disney entourage, which is currently touring India, fulfilled the wishes of these ... More PETROLEUM Reliance demands compensation for selling petro products below cost price Asked why Reliance was selling fuel below cost when it was not bound by any Government diktat unlike the PSU oil companies, Mr Narang said the company could not sell petrol and diesel at a price higher than its competitors. More PHARMACEUTICALS High-level meeting to avert chemists' strike CLOSE to about 50,000 chemists in Maharashtra are expected to go on a two-day strike this week, in protest against a guideline introduced last month by the State's Food and Drug Administration (FDA). In fact, a meeting on the issue has been ... More POWER 
Copters to clean power lines in Northern Grid — But consumers may have to shell out moreTHE Northern Grid operators led by Power Grid Corporation of India Ltd (PGCIL) are planning to go hi-tech by deploying helicopters to clean power lines and insulators to prevent possible tripping of lines due to a combination of heavy fog and ... More TAXATION TN Chamber welcomes tax cut MADURAI: The Tamil Nadu Chamber of Commerce and Industry has welcomed the scrapping of the dual system of taxation on cement and also the surcharge, additional sales tax and resale tax from January 2. In a statement here, the chamber has ... More RADIO/TV Cricket telecast: SC asks Prasar Bharati to file response THE Supreme Court has asked Prasar Bharati to file a response on whether it was willing to share the feed provided by Ten Sports for the forthcoming India-Pakistan series without any changes. A Bench headed by Mr Ashok Bhan posted the matter ... More CARS `Big' small cars to miss fair action At least two companies are adopting a different strategy even as the Auto Expo is set to open later this week. More REAL ESTATE & CONSTRUCTION SSI promoters buy out partners' stake in Buckingham Real Estate THE Kalpathi family, promoters of the Chennai-based SSI Ltd, has acquired 50 per cent holding of the Reddy family in the 70-acre Binny property for about Rs 100 crore. They have also revoked the joint development agreement of the property with ... More PAPER, BOARD & NEWSPRINT Newsprint market likely to stay bullish this year THE domestic newsprint market is likely to stay bullish throughout 2006 in anticipation of strong buying support from the newsprint consuming sectors. Considering that there will be a 10 per cent growth in demand, the country may face a further ... More INDUSTRY ASSOCIATIONS 
India Inc makes a pitch for fiscal, R&D sops — Lower direct tax burden; scrap or simplify FBT"Our submission was that FBT should be abolished. If that is not possible, it should at least be simplified and genuine business expenses must be allowed as deduction," said Mr N. Srinivasan, Vice-President, FICCI. More SCIENCE & TECHNOLOGY 
Doing business with US `much easier' for ISRO nowTHE recent thaw in US attitude towards its partial entity Indian Space Research Organisation (ISRO) may be having its commercial spin-offs. The gradual removal of ISRO centres on the US blacklist in recent years has made business with US ... More MINERALS 
Disturbed conditions due to police firing — Iron ore traffic to Paradip hitOn an average, 2,000 trucks carrying a total of an estimated 20,000 tonnes of ore move into the port every day. More CINEMA 
The man behind the make-believeIT is a world of make-believe. Sometimes it is the Madurai Meenakshi Temple, at others a street in Mylapore or a railway station. It is all put together inside studios or outside on locations, with plywood, jute cloth and casuarina poles to ... More FOREIGN DIRECT INVESTMENT `VAT is okay; what is not okay is unstable policy guidelines' EVEN as foreign investors find India an attractive destination for investment, they rate instability in policy guidelines and ground level obstacles as detriments, according to industry chamber FICCI. According to a recent assessment by the ... More WTO Indian tariffs high, says US official INDIAN customs duties are high and the peak rate of 32 per cent is the highest in Asia, Dr Abdul Quader Shaikh, Regional Coordinator for Africa, Middle East and South Asia, International Trade Administration, US Department of Commerce, said here ... More RURAL DEVELOPMENT Take technology to villages: Kalam Rural India can be transformed by taking technology to the villages and the basic objective should be to trigger growth by creating urban amenities in villages, the President, Mr A.P.J Abdul Kalam, has said. He was speaking at the `Vikasa ... More LABOUR REFORMS Tripartite textile panel likely to thrash out labour reforms issue — Trade unions keen to participate in talks The textile industry is willing to ensure that any temporary workforce that is employed by the sector would be kept on the rolls at least for 150 days a year. More TRADE & LABOUR UNIONS Alleged harassment of women mill workers — Textile unions plan State-wide protest REPORTS of harassment and exploitation of women mill workers that have surfaced recently in the region have kicked up dust with textile mill workers unions planning demonstrations against the incident and one of the prominent textile industry ... More EXPORTS & IMPORTS 
Suguna group to export 'portion' chicken to JapanPOULTRY major Suguna group is set to export value-added processed chicken to Japan in a month. Suguna will export the chicken to three Japanese firms which have evinced interest to import "portion" chicken. "We'll start commercial production ... More TOURISM 
Chhattisgarh to announce tax waiver to promote tourismTHE Chhattisgarh Government would shortly announce its new tourism policy, giving huge incentives to investors that will include complete waiver of stamp duty on purchase of land and sales tax, besides waiver of State levies, said Mr Brij Mohan ... More
Karnataka submits Rs 611-cr tourism proposal to Centre
Foreign tourist arrivals increase 13 pc
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Top Stories In Focus Infrastructure woes stare IT sector IPO Scams FDI in retail sector Dynamic Tirupur Surging Sensex Gold scaling new highs
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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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