The Hindu Business Line : Saturday, May 10, 2003

Proper climate can boost trade with Pak: FICCI
THE total trade of Pakistan with India is much less despite the fact that Pakistani economy is much larger than other SAARC neighbours, a comparison of trade statistics of neighbouring SAARC countries reveals. A status paper on Indo-Pakistan ... More

Italian wine, pasta to tickle Indian palates soon
But undeterred by the fact that India has accounted for a miniscule 0.1 per cent of total wine exports from Italy, trends in other food items not being hugely different — the Italian Trade Commission is determined to develop the local ... More

HOTELS

Report says Pak standoff, 9/11 hit hospitality trade
Analysing the impact of 9/11, the reports shows that war-like condition and terrorist events specific to India had a greater impact on the industry than did the events of 9/11 and thereafter. The results of the report were drawn from the performance of quality hotels in the four metros and Goa. More

INFORMATION TECHNOLOGY

`Not true; it offered little value addition'
THE Union Communications and IT Minister, Mr Arun Shourie, has refuted allegations that Massachusetts Institute of Technology (MIT) had to withdraw from Media Lab Asia due to differences with him. The only reason why they quit is because the ... More

PETROLEUM

Govt offer to Essar Oil on Ratna field issue
ENDING an eight-year-long impasse, the Government has decided that if Essar Oil chooses to retain its 50 per cent equity in the Ratna and R-series fields, it will need to release the `charge' on the exploration assets in the next three months, ... More

POWER

7,000 MW addl power expected thru pvt sector
THE Lok Sabha was informed that in the Tenth Five-Year Plan (2002-07), an additional 7,000 MW of power generation would be created through private sector participation. Responding to the main question raised by the Congress Member, Dr Ashok ... More

KPTCL paints grim picture of power situation
The peak demand was estimated at 7,041 MW in 2004-05 and to 7,792 MW towards the terminal year of the current Plan period. More

Final FCA for industry
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) has said the APTransco (Transmission Corporation of Andhra Pradesh) has fixed a final FCA (Fuel Cost Adjustment) payable by the industry at 41.13 per ... More

TAXATION

`VAT favours manufacturing States'
According to PHDCCI, denial of input tax credit on inter-state sales and on inter-state transfers, to whatever extent it may be, would affect the free flow of goods as it discriminates dealer of one State with that of another. More

Bill on service tax passed
THE Parliament has passed a constitution amendment bill allowing the Centre to levy service tax which would be collected and shared by the Centre and the States. The 95th Constitution Amendment Bill, approved by the Lok Sabha, was passed by ... More

Chhattisgarh pares sales tax on ATF
``Currently, we have Indian Airlines that has flights from Mumbai. But we are expecting some more private airlines as Sahara to start flights,'' the Managing Director, Chhattisgarh Tourism Board, Dr A. Jayathilak, said. More

RADIO/TV

Probe initiated into Space TV DTH offer
THE Government has initiated an enquiry into the allegations that Rupert Murdoch-owned Star TV was trying to get a back-door entry into India through Space TV for offering direct-to-home (DTH) broadcasting. The Union Minister of State for ... More

REAL ESTATE & CONSTRUCTION

CIDEX to organise global construction fair in Dec
CIDEX Trade Fair Pvt Ltd, a joint venture between Messe Duesseldorf and Koelnmesse International, has taken the initiative to organise an international trade fair covering all segments of the construction industry. The fair, called ... More

Builders seek industry status
THE Builders' Association of India (BAI) has asked the Government to accord `industry status' to the construction sector to allow it to have access to bank loans. Addressing reporters here, Mr M.A. Razack, Chairman of BAI's AP chapter, said the ... More

SCIENCE & TECHNOLOGY

Ranitidine waste can make money
A TECHNOLOGY process that at first helped the drug industry to reduce pollution by getting rid of wastes, has now thrown up exciting opportunities to convert the waste into a lucrative venture. Methyl mercapton, a byproduct in the ... More

DISINVESTMENT

Panel favours open tender for MMTC divestment
THE Standing Parliamentary Committee on Commerce has cautioned the Government that if it had no other option but to offload its majority stake in MMTC, a super star trading company, it would be better to sell 51 per cent equity by open tender to ... More

EVENTS

Culture workshop for students
BEGINNING Saturday, Shilparamam, in association with Centre for Cultural Resources and Training (CCRT), is organising a nine-day `University in Diversity' workshop in Hyderabad for students who have won CCRT scholarships. "The national ... More

Hyderabad engagements

Tech trade fair in city

ENTERTAINMENT & LEISURE

Strikes, black-out mar entertainment in Mumbai
`There is no public sympathy for the strike because it is the holiday season — and theatre owners are cutting off their lifeline.' More

INCOME TAX

Tax body wants filing P&L a/c be made mandatory
THE Direct Taxes Professionals' Association (DTPA) has urged the Central Board of Direct Taxes to steer all taxpayers towards mandatory filing of profit & loss accounts and balance sheets. The compulsory filing of these documents will help ... More

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