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Monday, January 20, 2003

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INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


`Include renewable energy in power bill for growth'
THE Ministry of Non-conventional Energy Sources (MNES) has suggested the formulation of a uniform energy policy to strengthen the growth and development of this sector. Presiding over the Twenty-Sixth National Renewable Energy Convention, the ... More

ANTI-DUMPING


B.K. Mishra is new Director-General of Specific Safeguard
THE Union Government has appointed Mr B.K. Mishra, Director-General (Safeguard), as Director-General (Specific Safeguard). Consequent to this appointment, Mr Mishra would now have the powers to investigate the existence of "market disruption" ... More

ECONOMY


Over Rs 50,000 cr investment likely in five years: CM
KERALA is expected to get investments to the tune of Rs 50,000 crore over the next five years in various sectors from with in the country and abroad, according to the Chief Minister, Mr A.K. Antony. Speaking to newspersons after the morning ... More

FOREIGN TRADE


Germany keen to expand trade
DR Bernhard Vogel, Chief Minister of the German Federal State of Thuringia, is leading a high-level delegation to India next week. During his five-day visit beginning January 20, his meetings in Delhi and Bangalore, according to German Embassy ... More

INFRASTRUCTURE


Kuwait group keen on hotel, highway projects
EVEN before the Prime Minister set the tone for the Global Investors' Meet (GIM) at Kochi, investments began to trickle into the State in right earnest. With an investment kitty of Rs 200 crore, the Kuwait-based Naser M Al-Baddah group has ... More

PETROLEUM


Set right duty anomalies on diesel: Oil Ministry
THE Petroleum Ministry recently wrote to the Finance Ministry seeking alignment of the tax incidence on light diesel oil (LDO) with that on high speed diesel (HSD). While LDO and HSD have roughly similar technical specifications, diesel attracts ... More

POWER


Uri generating power... with guns around
POWER flows through the barrel of the gun here. Not the political power that Mao Zedong meant, but electric power. At this scenic locale near Uri town in Jammu & Kashmir, surrounded by the mountains of the Pir Panjal Range, the National ... More

Bengal SEB delivers a harsh message
THE New Year cards and calendars being distributed by the West Bengal State Electricity Board sum up the desperation of the power sector. One among the many ailing State power utilities in the country, which is trying to effect a turnaround, ... More

Move to rein in Delhi SEB staff
REINING in the electricity board employees is proving to be a challenge for the privatised distribution companies in the power sector. Faced with power theft, an indifferent work culture and a red-tape environment, New Delhi Power Ltd has ... More

Failure to finalise payment security — Financiers refuse to release funds for KPCL projects
KPCL's failure to prepare such a PSM would resort to short-term borrowings as in the case of Unit 7 of the Raichur thermal station. More

STEEL


Steel cos set to increase prices further
DOMESTIC steel producers are planning to effect another round of increase in steel prices within the next three to four weeks, according to highly-placed industry sources. Already, market leader Steel Authority of India Ltd (SAIL) has effected ... More

TECHNOLOGY


KSIDC, NeST group ink pact for tech ventures
THE Kochi-based NeST group has signed an MoU with Kerala State Industrial Development Corporation (KSIDC) for implementation of projects under the Kerala Growth Venture Consultancy Pvt Ltd for technology-oriented ventures. The MoU was signed on ... More

TEXTILES


Accept bonds from exporters, Texprocil urges Central Excise
Official sources told Business Line here that the merchant exporters used to execute the bond without payment of duty and export the same and submit the proof of exports, regardless of the port of loading of the material. More

WATER


AP Govt urged to help solve Vizag water crisis
ENGINEERING experts have urged the State Government to take immediate steps for the diversion of Godavari waters and get the Jhanjavati project cleared with the consent of the Orissa Government. They made the plea at an interaction session ... More

EDUCATION


Parle scholarships for students
CHENNAI: Parle Products Pvt Ltd has initiated a scholarship for all-round excellence for school children in Tamil Nadu at the primary and the secondary level. The main aim of the scholarship is help students who are good at academics ... More

REAL ESTATE & CONSTRUCTION


Chennai lacking in quality office space — MNCs turning to Hyderabad, Bangalore
`Though 500,000 sq.ft. of space has been absorbed in the last 10 months this has been the least in three years.' More

DISINVESTMENT


Braithwaite sell-off to be over by March
THE divestment programme of Braithwaite Burn and Jessop Construction Company (BBJ) is now entering its last lap with the Government keen to complete the process by the third week of March. Sources said that financial recast of the company had ... More

FOREIGN DIRECT INVESTMENT


Inflows of Rs 5,000 cr garnered at meet
KERALA State Industrial Development Corporation (KSIDC) officials have said that investment inflows of over Rs 5,000 crore were garnered on the first day of the Global Investors' Meet (GIM), the massive drive initiated by the State Government to ... More

WTO


Nasscom takes NJ Bill to WTO
"We have appointed a PR cum public affairs consultancy agency in the US to handle this issue, as well as to pro-actively anticipate issues that affect Indian software firms and build up opinion against such moves". More

EVENTS


After the GIMnastics
SO finally, it's over - the Global Investors' Meet (GIM), Kerala's grandest-ever attempt to change its slothful image and emerge, Phoenix-like, as an attractive destination for industrial investment. It is, of course, too early to assess the ... More

EXPORTS & IMPORTS


Textile exports to Brazil move up
Brazilian companies evinced interest to buy Indian textile products but were reluctant to conclude any transactions due to uncertainties over the real exchange rate. More

TOURISM


Rajasthan woos Arab tourists
RAJASTHAN'S famed tourist attractions have been undersold in the Gulf and West Asian region and the State Government has embarked on a major promotional campaign to boost Arab tourist traffic in the coming years, according to a senior State ... More

Travel Club package tour of Madurai
IN order to free tourists in Madurai from fake tourist guides and tour operators, the Travel Club has launched `a City Package tour' - Marvels of Madurai. The daily tour, launched on Pongal day, will cover places of tourist importance in the ... More


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Jan. 12-Jan. 18
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