The Hindu Business Line : Saturday, November 09, 2002

Cement prices seen closing lower than last year
THE trend of hardening cement prices is likely to continue through the second half of the current financial year but the average prices of cement in the current year is likely to be less than five per cent of last year's average price, the ... More

ELECTRONICS

Instrumentation sector seeks sops for uniform growth
THE All India Instrument Manufacturers & Dealers Association, comprising mainly SSI units and distributors, has appealed to the Government for a more equitable tax structure for all laboratory items. The present tax system for products used in ... More

ENVIRONMENT

SC decision on KIOCL will hit economy: KCCI
EVEN as various trade and other organisations continue their search for a legitimate way to circumvent the Supreme Court's verdict directing Kudremukh Iron Ore Company Ltd (KIOCL) to wind up mining operations in the Western Ghats by 2005, the ... More

FOREIGN TRADE

Welsh team coming to strengthen ties
A TEAM from Wales Trade International (WTI), the overseas trade arm of the National Assembly for Wales, will be in Chennai on November 14 and 15 to explore collaboration with Indian companies in a number of sectors. According to a release, the ... More

INFRASTRUCTURE

3rd bridge over Krishna to be ready next month
THE third bridge over the Krishna river, downstream of the Krishna Barrage in Andhra Pradesh, is likely to be ready by next month, with the eleventh span now being erected. The bridge, which is very close to the second one links Guntur and ... More

PSU

Textile Corporation mills improve performance
THE four mills of the public sector Kerala State Textile Corporation have improved their overall performance during the July-September quarter this year compared to that of the previous quarter. According to Mr Jacob Joseph, Managing Director, ... More

Kerala Agro nets Rs 9.8 cr

PETROLEUM

Ethanol blended petrol to cost up to 75 p less
ETHANOL-doped petrol, which will be introduced in nine States from January 1, 2003 will cost up to 75 paise less than conventional petrol, according to the Petroleum Minister, Mr Ram Naik. ``I hope the notification for 75 paise per litre ... More

Countrywide ethanol-doped fuel launch in Sept 2003
``Uniform sales tax is what we would like to make ethanol-doped petrol price competitive. The duty concession announced in the Union Budget for 2002-03 and additional sops should be passed on to consumers ,'' Mr Ram Naik said. More

Reliance gas find a morale booster: Naik
THE recent discovery of seven trillion cubic feet gas reserves by Reliance in the Krishna-Godavari basin will improve the international perception about hydrocarbon potential of India, according to the Petroleum Minister, Mr Ram Naik. "(This) ... More

`Reliance to supply natural gas by 2003-end'
BUOYED by the recent announcement of major gas finds by Reliance Industries Ltd in the Krishna-Godavari basin region, the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, said the State would endeavour to leverage the potential of this ... More

POWER

TNEB tariff revision plan draws flak
A STRONG opposition to the Tamil Nadu Electricity Board's tariff revision proposal and an equally strong call for reviewing the agreements entered into with independent power producers marked the first public hearing by the Tamil Nadu Electricity ... More

DPC tariff: MSEB will have to pay Wade Cline's rates
IN February 2001, Mr Wade Cline, the then Managing Director of Enron India Pvt Ltd, told a group of reporters visiting the Dabhol Power Company's (DPC) mammoth electricity generation plant, "I agree that at present electricity produced by this ... More

TAXATION

Uncle Sam shows how a razor pays for 2 rocket launchers
AMONG the top 25 countries that have milked Uncle Sam of his due share of tax revenues, India ranks 19th, with $1.8 billion income shifted eastward through abnormal trade pricing. At 34 per cent taxation, this works out to $606 million revenue ... More

TEXTILES

Tunisia urged to buy more cotton yarn
Consequent to the talks held between India and Tunisia, a joint working group (in textiles) would be set up to work out the modalities for increasing cooperation. More

WATER MANAGEMENT

Naidu for national water grid
ADVOCATING the creation of a national water grid by linking major river systems to ensure all-round development of the country, the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has said that this project has to be taken up as a mission ... More

Federation of water users mooted
BANGALORE: A federation of water users has been mooted for major rivers in the State to streamline the issues of distribution of water, drawing up the schedule of release, deciding cropping pattern, overseeing repair and maintenance of ... More

Meet on rural drinking water supply

EDUCATION

Entertainment and media school launched
AFTER specialised courses in hotel management and hospital management, the finishing schools industry is gearing up to churn out management professionals for the entertainment and media segment as well. Globsyn Technologies Ltd, which runs ... More

Asian Business School, Ohio varsity sign MoU
"The expected exponential growth in healthcare will spurt a greater demand for qualified healthcare administrators in India" More

MEDICAL INSTITUTIONS & HOSPITALS

Flying eye hospital lands in Chennai
THE Orbis Flying Eye Hospital has landed at Chennai and for the next three weeks will be used for conducting eye operations and training programmes for opthalmologists, nurses and bioengineers working in Tamil Nadu. According to Dr G.V. Rao, ... More

Apollo Hospitals, Parkway venture takes off
THE Rs 210-crore 50:50 hospital joint venture project between Apollo Hospitals Group and Singapore-based Parkway Group has finally taken off. The multi-speciality hospital located here today announced that it would conduct its first open heart ... More

Karnataka Govt to regulate nursing homes
BANGALORE: The Government is drawing up a regulatory measure under the proposed Karnataka Nursing Homes Regulation Bill to monitor standards, quality, infrastructure and staff in medical institutions all over the State. The ... More

REAL ESTATE & CONSTRUCTION

iBilt to offer construction software of Austrian co
The software is priced between $10,000-$80,000. iBilt will be providing the services around the software. More

Builders offer `live-in experience'
THE Menons have lived in an independent house most of their lives. They are used to having `a small patch of land' in front of their home and all the other benefits that come with living in a separate house. But with age and pressures of ... More

BIO-TECH & GENETICS

Indo-US biotech alliance launched to boost fund flow
The alliance launch would help in long term strategic planning and enhance and encourage the industries in both the countries to carry on business , Mr Larson said. More

MINERALS

Zero growth prospects seen for ferro chrome
IN the prevailing circumstances, the prospects for chrome ore during the Tenth Plan period cannot be considered satisfactory, according to the committee, set up by the sub-group for mineral output industries. Apparently, the committee has tried ... More

CINEMA

Blueprint for Tollywood revival
THE Bharat Chamber of Commerce, Kolkata, has prepared a blueprint for revival of the ailing film industry in West Bengal, considering Tollywood's glorious past (nation's earliest films were made in the studios here) and great potential for ... More

DISINVESTMENT

Core Group on sell-off to meet on Nov 14
THE Core Group of Secretaries on Disinvestment (CGD) is slated to meet on November 14, raising hopes of convening a meeting of the Cabinet Committee on Disinvestment (CCD) to take up a few non-controversial PSU cases before the winter session of ... More

WTO

Textiles, clothing apparel exports to US — India files case with WTO on modified rules of origin
INDIA has filed a case in the World Trade Organisation against the US for its modified rules of origin for textiles and clothing apparel articles stating that they foster "trade restrictive effects". In its submission to the WTO panel on US - ... More

SOCIAL WELFARE

Gruharaksha scheme extended

RURAL DEVELOPMENT

AP Govt ropes in corporates to market DWCRA products
The total corpus funds of these DWCRA groups amounted to around Rs 1,400 crore, which was far above the aggregate corpus of the rural co-operative banks in the State. More

HUMAN RESOURCES

Demand for rail signalling engineers in UK
AFTER doctors, nurses, IT professionals and teachers, it is railway signalling-engineers from India who are in demand in the UK. There is a huge shortage of skills in railway engineering and the UK Government has put signalling engineers on ... More

EVENTS

SIAM launches awareness campaign
BANGALORE: The Society of Indian Automobile Manufacturers (SIAM) has launched an awareness campaign in Bangalore on periodic vehicle maintenance and pollution control. The three-day programme titled "War Against Pollution" will ... More

ICSI convention from Nov 13
THE Institute of Company Secretaries of India (ICSI) will organise its 30th national convention with a view to harting out the future shape of legislative reforms in business-related laws and deliberate on ways of repositioning the company ... More

INCOME TAX

Refunds turn the heat on tax dept
THE surge in direct tax refunds to Rs 14,000 crore up to the end of October 2002 and its impact on both corporate and income-tax collections have set the alarm bells ringing in the Finance Ministry. The Finance Minister, Mr Jaswant Singh, is ... More

Pay thru the roof
MOST of the salaried employees have been taking housing loans to save tax. This has resulted in bankers concentrating on housing loans rather than traditional business loans. With the eligibility criteria relaxed further, housing finance ... More