Agriculture
Private participation in warehousing soon
THE Government has initiated the process for inviting private sector participation in setting up warehouses for foodgrains across the country, Mr Shanta Kumar, Minister for Consumer Affairs and Public Distribution, has said.
Airlines
Increase in IA passenger load
INDIAN Airlines' dream run with passengers continues, with its daily average passenger load for December increasing to more than 24,000 mainly on account of the heavy loads carried in the past three days.
LCA to undergo more ground runs
FOLLOWING the ground run held last week, the prestigious Light Combat Aircraft (LCA) will undergo three more ground runs, in preparation for its first flight which is likely to be held very soon.
Air fares to Europe, US set to go up
INTERNATIONAL air fares are set to increase by 15.5 per cent to the US via the Atlantic and to Europe by 13.3 per cent effective from January 1.
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Cement
Village roads: Cement producers' body offers help
THE cement industry seems to be exited by the Prime Minister's scheme to invest Rs 6,000 crore for the development of village roads.
Corporate
Moody's likely to have major stake in ICRA-CARE combine
THE international rating agency, Moody's Investor Services (Moody's), is likely to emerge as the single largest shareholder in the enlarged rating agency to be formed as a result of the merger between the two domestic credit rating agencies -- Credit Ana
lysis and Research Ltd (CARE) and Investment Information and Credit Rating Agency Ltd (ICRA).
Tips tunes into the southern markets
THE Mumbai-based music company, Tips Industries Ltd, today said it has acquired music rights held by five South-based music companies with over 530 titles to extend its presence in the regional language markets for an undisclosed amount.
Bankers told to settle `dues' with Dunlop amicably
THE West Bengal Finance Minister, Dr Ashim Dasgupta, has directed the bankers of Dunlop India Ltd (DIL) to sit with the management of the M.R. Chhabria-controlled tyre company for an amicable solution to the issue of realisation of dues from the company.
Its advantage couch potatoes as... -- Channels pull all plugs out on New Year eve
WITH the New Year round the corner, the Indian viewer is being bombarded with a variety of song and dance sequences on the idiot box. Channels are going full-throttle to capture the elusive eye-balls.
Y2K saw several moves on co law
EVEN as the Ministry of Law, Justice and Company Affairs witnessed considerable activities with Mr Arun Jaitley taking over from Mr Ram Jethmalani as the Union Law Minister, major Constitutional, legal and company law reforms were initiated during the ye
ar 2000-01. So far, 58 laws have been enacted by Parliament.
Courts
Gujarat HC restraint on pipeline projects
MR JUSTICE M. R. Calla and Mr Justice R. R. Tripathi of the Gujarat High Court Bench have taken a stance against the Gujarat Government granting sanction to any more pipelines through the Marine National Park (MNP) in Jamnagar. The ruling came in the Sp
ecial Leave Application filed by Halar Utkarsh Samiti which had challenged the authorisation given by the State Government to the Bharat Oman Refineries Ltd (BORL) for laying pipelines from the single point mooring (SPM) to the proposed crude oil termina
l (COT) at Vadinar in violation of the provisions of the Wild Life (Protection) Act, 1972.
Foreign Trade
Cotton yarn exports to China, Russia up
WHILE cotton yarn export from India continues to stagnate, its shipments to China and Russia in the non-quota market and to Italy in the quota market have recorded impressive gains. But the eleven-month export figures ending November 2000 show the yarn s
hipment had hit the plateau, with the total volume remaining at 490 million kgs, more or less at the same level as last year.
Information Technology
Sriven to develop e-mag for Etisalat
SRIVEN Multi-tech Ltd, a Hyderabad-based software development and services company, has been chosen by Etisalat, the Emirates Telecommunications Corporation, to build a multimedia portal (E-Magazine) on its broadband network.
Infrastructure
Expansion of Begumpet airport hits roadblock
THE `air funnel'-related issue and a few constructions in its flight track below have become stumbling blocks for the expansion and optimisation of the airstrip and its runway use at the Rajiv Gandhi International Airport located at Begumpet in Hyderabad
.
Insurance
Birla Sun Life gets in-principle nod
MUMBAI: >Birla Sun Life Insurance Company has received in-principle clearance for registration from the Insurance Regulatory and Development Authority (IRDA) to enter the life insurance business, according to a company statement here.
Pharmaceuticals
Drug cos catch cold on PPA replacements
INDIAN drug firms are exploring the possibility of using substitutes for the banned drug PPA or phenylpropanolamine chloride that is widely used in cough and cold formulations.
Policy
Industry hails Gram Sadak Yojana
INDIAN industry has hailed the launch of the Prime Minister's Gram Sadak Yojana, a programme for providing road connectivity to rural areas in the country.
Power
TNEB creates generation wing
THE Tamil Nadu Electricity Board (TNEB) has formed a separate generation wing to ensure that specially-trained engineers are available to operate its generating stations and also help in project planning. This will help improve the efficiency and product
ivity of generating stations, according to TNEB.
AP plans panel to study energy waste in farm sector
THE Andhra Pradesh Chief Minister, Mr. N. Chandrababu Naidu, said here on Tuesday that a high-level committee would be constituted to look into the problems of wastage of energy in the farm sector.
AP industrial policy favours captive power generation
DEVIATING from its earlier thinking against captive power generation which affect revenues, the Andhra Pradesh Government has decided to promote captive generation of power for industries.
States
Investors' meet on biotech in Kerala
THE Kerala Industrial Infrastructure Development Corporation (Kinfra) in association with the Department of Biotechnology, Government of India, and the Biotech Consortium India (BCIL), New Delhi, is conducting an "Investors' Meet on Biotechnology" here o
n Wednesday and Thursday.
Stocks
Payment crises fears drag stocks down
STOCK prices crashed on the Dalal Street on Tuesday as hopes sunk and expectations evaporated amidst fears of impending payment crisis on the bourses. Equities drowned as bears pounded with large scale selling and institutional investors, local and forei
gn, abstained from active participation that could have lifted the sagging benchmark BSE-30 shares sensitive index (Sensex).
Taxation
SAD a major burden, says Assocham
THE Associated Chambers of Commerce and Industry (Assocham) has suggested that inputs, raw materials and capital goods imported by the domestic industry be exempted from the imposition of the four per cent special additional customs duty (SAD).
Textiles
Tirupur exporters oppose electronic transfer of quotas
TIRUPUR Exporters Association (TEA) has opposed the reintroduction of electronic transfer scheme (ETS) effective from January for export quota saying that ETS will distort quota premium.
Transport
Howrah-Amritsar Mail mishap due to staff `failure'
A STATUTORY enquiry into the collision of the Howrah-Amritsar Mail on December 2 on the Ambala-Ludhiana double line section of Northern Railway has held that the accident occurred due to the ``failure of Railway staff.''
