The Hindu Business Line : Monday, December 11, 2006

NRIS
Gift-a-car scheme catching on in AP
Gift-a-car scheme for NRIs has become a hit with over 14,000 enquires. Interestingly, Karimnagar, which has good number of NRIs in West Asia and the US, tops with a huge number of enquiries. The gifting option for NRIs has been broadened and ... More

FOREIGN TRADE
FICCI lists measures to enhance trade with Japan
Difficulty in accessing the highly competitive Japanese market and perception among Japanese buyers about Indian products being of low quality are some of the major impediments to enhancing India-Japan trade, according to industry chamber ... More

INFRASTRUCTURE
Rail corridor between Begumpet, Shamshabad airports okayed
30-km stretch to cost Rs 2,500 crore More

PETROLEUM
Cairns plans to resolve MRPL issue soon
Cairn India Ltd has said that it expects to resolve the row over building a pipeline to send crude oil from its western India oil fields in the next few months with public sector Mangalore Refinery and Petrochemicals Ltd (MRPL). MRPL, a ... More

Oil marketing cos to refund discount to refiners
To return Rs 900 cr collected in H1 More

TAXATION
TN foodgrains merchants' plea
The Tamil Nadu Foodgrains Merchants Association has urged the State Governmentto grant exemption from tax for items of daily use at home.Welcoming the Value Added Tax and the announcement of concessions along with that, the ... More

More sops for small traders under VAT
The Tamil Nadu Government has announced further concessions to the small traders under the Value Added Tax regime to be implemented from January 1, 2007. According to an official press release, the State Government has decided that traders with ... More

SSI
`SSI investment limit has become irrelevant'
Small-scale industries have an investment limit. This limit is so low that they cannot access good technology or cannot employ latest software, which would help improve their performance. The investment limitation has become irrelevant and ... More

Project Vikas launch on Dec 13
Project Vikas, a competitive capacity building programme for SMEs through application of IT, will be formally launched for the Tirupur knitwear cluster on December 13, which is also SME Day. The programme has been jointly ... More

EDUCATION
UTI Mutual to chalk out scheme for Bihar teachers
The Government of Bihar, which plans to hire five lakh temporary teachers, is set to mandate UTI Mutual Fund for a scheme that will help them save part of their salaries in a fund that the country's largest asset management company now ... More

Tax implications of insurance compensation
Suggested answers to the November 2006 CA (PE-II) paper on I-T and CST More

Teaching B-school teachers-to-be
Indian B-schools face a shortage of teachers. The ICFAI B-school hopes to change that More

Meet on technical education
Sathiamangalam-based Bannariamman Institute of Technology (BIT) is all set to inaugurate the 36th ISTE (Indian Society for Technical Education) convention and national seminar on December 14. The three-day meet on `Quality, ... More

REAL ESTATE & CONSTRUCTION
Call to develop social, physical infrastructure in tier-I, II cities
Perception, infrastructure and skilled human resource are key to attracting real estate developers and investors to small towns and cities - dubbed the tier II and III destinations, according to speakers from the real estate industry. With ... More

`Real estate developers, retailers must work in tandem'
Unless real estate developers join hands with retailers, the Indian retail industry will fail. According to Mr B.S. Nagesh, Managing Director, Shopper's Stop, stakeholders in the retail industry - retailers, real estate developers, ... More

`Specialisation must to sustain biz'
To help sustain business in future More

Puravankara's projects in Chennai
Puravankara Projects Ltd will launch, within the next three months, major residential projects in Chennai. It has nearly half-a-dozen projects either waiting for planning approval or plans to be submitted for approval, according ... More

RURAL DEVELOPMENT
Karnataka to invest Rs 3,000 cr in Suvarna Gramodaya project
Seeks to uplift 1,000 villages every year More

Wide variations in rural transport cost
A major roadblock that India's rural roads face is financial constraints. "Central funds for building roads have not been increasing at the desired rate, and State Governments have not been able to expand their revenue base to meet the operation ... More

TRAI may widen scope of rural mobile project
Mulls sops for operators setting up network More

LABOUR REFORMS
`Labour scene vital factor in investments'
The State Minister of Labour and Employment, Mr G. Vinod, stated that the labour scenario is an important determinant of investment climate. He emphasised that joint efforts are required from the Government and the Industry to develop friendly ... More

EVENTS
Job fair in Coimbatore
The city-based Hindustan Educational Institutions in association with Ma Foi Management Consultants Ltd is holding a two-day job fair, `Career Fair 2006', this month. The fair will be held on December 15 and 16 (9 am and 6 pm) at Hindustan ... More

CONSUMERISM
Illegible seal on tax challan
One of my clients paid Rs 45,000 as advance tax. The bank that accepted the payment did not put the date of receipt and serial number of the challan legibly. The assessee filed photocopy of the challan along with the return of income. The ... More

ENTREPRENEURSHIP
Stories of success, failure, courage
A barbeque restaurant in a town with only 1,800 people, but serving nearly 6,000 people a week. That's the success David Anderson tasted with his first Famous Dave's Barbeque Shack. "People were driving hundreds of miles just to come and get some ... More

INCOME TAX
Are doctors professionals or businessmen?
Will a doctor running a nursing home be considered as a professional or a businessman for the purpose of determining turnover limits under Section 44AB? Arjun Khumbar, email For a businessman the specified threshold triggering tax ... More

ALTERNATIVE MEDICINES
Protecting traditional knowledge
With the move to protect its traditional intellectual property rights, Kerala is aiming for fair and equitable sharing of the benefits of knowledge acquired over many generations. More