Withdrawal of support by UKD may not affect the stability of the Bahuguna government, as the ruling Congress has 33 seats in the 70-member state

Cong ally threatens to withdraw support in Uttarakhand

Press Trust of India

Mutual funds are the best bet for small town investors for participating in the domestic capital market during the current volatility, a top banker said here on Monday.â€œSince the level of investorsâ€™ awareness and penetration of financial market players is quite low in smaller towns, the mutual fund route is best advised for retail investors,â€ ICICI Prudential Asset Management Company Chief Investment Officer (CIO) Sankaran Naren told Business Standard.He informed that the Indian mutual fund industry was likely to spend Rs 140 crore towards investorsâ€™ education and awareness as mandated by the Securities and Exchange Board of India.â€œEach company has to set aside 0.02 per cent of their corpus towards investorsâ€™ education. The composite corpus is to the tune of Rs 140 crore, since the total Asset Under Management (AUM) of all the mutual funds in India is about Rs 7,00,000 crore,â€ he informed.He said that while it was difficult

'Mutual funds best bet for small town investors'

Business Standard

Commercial tax arrears of the Odisha government have mounted to Rs  4694.45 crore (as on April1, 2012). This includes Rs  4344.61 crore of sales tax (Odisha sales tax, Central sales tax and value added tax) dues pending on different organizations.

Odisha's commercial tax dues mount to Rs 4694 cr

BS Reporter

A lacklustre growth of 2.54 per cent in the industries sector in 2012-13 is set to take some sheen off the Odisha growth story in the fiscal.

Tepid industrial growth looms over Odisha's economic rebound

Reacting to the Centreâ€™s no to its administrative orders putting restrictions on mining lessees in the state, the Odisha government said that it is not bound to heed to the Central missive on the issue.

Odisha says Centre cannot force to withdraw circulars on mining

The stage is set for the Panchayat Raj elections in Andhra Pradesh with the Supreme Court on Monday allowing the state government to conduct the three-stage election process based on the existing reservation policy.The elections, which were due in July last year, were deferred by the government after the AP high court directed the state to limit the total reservations to 50 per cent as against the existing 60.55 per cent.The Supreme Court, in its interim orders on a  petition filed by the state government challenging the high court ruling, has allowed the government to go ahead with the elections based on the existing reservations for the time being. The court, however, said it would take a final view on the question of the percentage of reservations in local bodies in its final judgement.Besides the Panchayat elections, the state government had also deferred elections to municipal bodies since September 2011 on the premise that it would want to cond

SC nod for Panchayat polls in AP

Chennai has recorded the maximum number of searches online for luxury properties above Rs 1 crore, according to Sulekha.com. Delhi-NCR and Bangalore came next.

Chennai leads in property search above Rs 1 cr

Company recently added new products to its existing product range of meters, lighting solutions and wire cables in Gujarat

HPL eyes 10% switchgear market share from Gujarat

The Kerala State Cooperatives Consumersâ€™ Federation (Consumerfed), the apex body of the consumer cooperatives in the state, is set to to enter the professional education sector by launching three institutes from the next academic year.

Consumerfed to start professional institutes

L&T Metro Rail (Hyderabad) Limited has awarded the automatic fair collection system, the last contract of the Rs 16,000-crore  metro rail project, to Samsung Data Systems India Private Limited, a subsidiary of Samsung SDS, Korea.The contract value ranges between Rs 180 crore and Rs 220 crore depending on the final design of the stations, which are expected to have a minimum of 4 entry-cum-exit gates to 8 and above, according to VB Gadgil, chief executive and managing director of L&T Metro Rail. The Korean company was selected out of six bidders based on various technical parameters, he said.The fare collection system involves a smart card-based ticketing platform, which also allows the use of debit and credit cards including cash payment besides mobile phone, to access the entry.The platform is potentially to be used for other modes of public transport as well as parking and shopping under the clearing house concept being promoted by the Ministry of

L&T awards Hyd metro fare collection contract to Samsung

Tobacco products such as pan masala and gutka are taxable at 20% on the point of first sale in Tamil Nadu

TN warns tobacco dealers on tax evasion

Will hold discussions on environmental and allied issues during the national conference

Mining engg national meet in Nagpur from today

Sounds confident of getting power from other states, but declines to specify number of ongoing or expected deficit in the state

No load shedding this summer in Maha: CM

The company has set up facility in Aurangabad with an investment of Rs 200 cr

Endress Hauser plans to expand its footprint in India

The World of Titan, India's largest watch retail chain, is eying to expand presence in the tier II & III towns with small format stores, that would not only boost the company's retail sales but also its brand presence."There are around 400 towns with the population range of 100,000 to one million people. We are planning to come up with smaller format stores, around 400 square feet in size, in these towns. By the end of this year, we would open such stores in 40 new towns, and over the next two to three years we plan to be present in around 200 to 300 such small towns across the country," said Ajoy Chawla, vice president, global business head, Titan & Retail, Titan Industries Ltd.In the coming years, these small-format stores would contribute around 3-5 per cent of 'World of Titan' turnover. In 2011-12 it posted a turnover of around Rs  780 crore.Calling it the 'middle India' Chawla added that the company already had presence in these towns through mu

Titan watches to open small-format stores in tier-II & III towns

The scheme seeks to offer financial aid for capital dredging, coastal jetty, Inland Waterways Transport jetties and preparation of DPRs for infra devt

Maritime states to get central aid for port development, waterways, coastal shipping

ISRO, IAF and Mazagon Dock among others are considering to source engineering goods from the manufacturers in and around Vadodara

PSUs plan to source engg products from vendors in Vadodara

Plans to invest around Rs 150 cr to set up a formulations plant in state

Pune's Emcure Pharma scouting for land in Gujarat

Assam Chief Minister Tarun Gogoi on Monday directed the state unit of NRHM, the nodal agency for implementing Rashtriya Swasthya Bima Yojana (RSBY), to expedite the process for enrolment of BPL families in the districts.The Chief Minister during a review meeting directed the updating of figures of BPL families on an annual basis to make the process of selecting beneficiaries hassle-free and less time consuming.Gogoi also agreed in principle for recruiting a responsible officer and a professional team for smooth execution of the scheme, official sources said. 	Assam Minister for Health and Family Welfare Himanta Biswa Sarma apprised the Chief Minister that the process for fresh enrolment of BPL families in Jorhat, Kamrup, Lakhimpur districts have been going on while it has been completed in Dibrugarh district.Fresh enrolment of BPL families will commence in Kokrajhar district from March one this year and the enrolment of beneficiaries for the remainin

Gogoi urges NRHM to expedite enrolment of BPL families

The Hindustan Copper Limited (HCL), a public sector enterprise, would explore minerals in the state with state-run Chhattisgarh Mineral Development Corporation (CMDC).

HCL to explore minerals in Chhattisgarh

The Bihar assembly's month long budget session began on Monday with a stormy note as the main opposition party, RJD and the ruling coalition partner BJP locked horns over the issue of "Surya Namaskar".

Bihar BJP and RJD  cross swords over 'Surya Namskar' row

- Find Specials News, Features, Analysis and more at Business Standard. Business Standard brings in-depth coverage of major events, issues and developments in India

Page 2758 - Specials News