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Friday, October 03, 2003

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INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping probe into chemical used in nylon yarn production
THE Designated Authority in the Commerce Ministry has initiated anti-dumping investigation into the import of 6-hexanelactum - used in production of nylon-6, which in turn is used for production of nylon yarn - from Japan, the European ... More

ECONOMY


`Global glut in labour, product markets' — Unctad warns of widening deflationary gap
"Asia has been most directly affected by the end of the IT boom in the US. However, India increased its growth rate to well over 5 per cent in 2001 and maintained a rate of 4.5 per cent in 2002 with its projection for 2003 being put at 5.4 per cent. More

Services sector sustains growth in April-Sept
THE services sector has maintained its sustained growth during April-September this year as compared to the same period in the previous year, the latest survey on the sector conducted by the Confederation of Indian Industry (CII) has shown. ... More

ADB outlook bullish on India
ADB revised upwards slightly its gross domestic product (GDP) growth forecast for South Asia to 5.8 per cent from the 5.7 per cent projection in April. Its forecast of 6.1 per cent growth for 2004 remains unchanged. More

Make India a regional finance hub: Jaswant
THE Union Finance Minister, Mr Jaswant Singh, today told captains of the financial sector to make India a regional centre for financial activities. "India has all the capabilities and skills and we should use them to make India a regional ... More

Rs 6,050-cr worth MoUs signed at Gartexmart
ON the second day of Gartexmart and Jewelmart, organised by the Confederation of Indian Industry and the Gujarat Government, four MoUs worth Rs 6,050 crore were signed between the State Government and various organisations at Gartexmart and MoUs ... More

Need for restraint on backlash against globalisation
Unctad succinctly states, "open-minded, tolerant and pragmatic approaches to the development challenge are urgently needed to place economic policy once again at the service of social justice and stability". More

FERTILISERS


Subsidy on fertilisers to continue: ICRA
A COMPLETE removal of fertiliser subsidies is ruled out over the medium term, ICRA has said in its study on the fertiliser industry. "Overall with low level of documentation of farm parameters in India, fertiliser subsidy continues to be an ... More

HEALTH


Pre-marital HIV screening urged
PRE-MARITAL HIV test should be made compulsory in view of the gravity of the problem, especially in the coastal districts of Andhra Pradesh where 8-10 per cent of pregnant women have been found to be HIV positive, according to Dr K. Surya Rao, ... More

INFRASTRUCTURE


Karnataka planning SEZ in Dakshina Kannada
THE Karnataka Government is planning to set up a special economic zone (SEZ) in Dakshina Kannada district and is on the look out for an appropriate location for the purpose, the Minister for Transport, Mr B. Ramanath Rai, has said. Addressing ... More

PETROLEUM


Dial 1258 for Indane gas
INDANE, the LPG arm of IOC, has launched TOMO (total mobility for Indian customers) 1258 service, an all-India toll free number service for booking gas cylinders and lodging complaints. The voice-enabled, speech-enabled interactive voice ... More

PHARMACEUTICALS


What ails introduction of new drugs
WHILE the pharma industry gears up for the post-WTO scenario in 2005, some ground realities need to be addressed to ensure higher quality standards, chief among these are increasing the efficiency of medical representatives and greater clarity in ... More

POWER


Corporates may come in to assist rural electrification
While the rural electrification programme will be implemented by the Union Power Ministry with the help of REST, the partnership of some corporates have also been sought. More

STEEL


Demand for sponge iron likely to remain buoyant
DEMAND for sponge iron is expected to remain buoyant due to the expected improvement in the capacity utilisation of the secondary steel producers and the shortfall in scrap generation, ICRA said in its sector analysis on the sponge iron ... More

COAL


Luring pvt funds for coal sector — PwC aks Govt to devise policy that works
Mr Saumen Ray said instead of jeopardising the process of fully opening up the coal sector for private investment, it is high time a privatisation strategy was devised by the Government to make the privatization policy work. More

RADIO/TV


AP Television News to expand; looking for local partner
WITH the burgeoning of news channels and rapid expansion of the market, Associated Press Television News (APTN) has decided to expand operations and is scouting for a local partner to enhance its distribution. Currently foreign news agencies ... More

AUTOMOBILE COMPONENTS


Rising input cost, price squeeze — Small auto component makers in a fix
THOUGH the automobile industry's boom is perceived to have rubbed off on the component manufacturers, small auto component makers seem to be caught in a cleft. While the rising input costs and the price squeeze resorted to by the automobile ... More

BEVERAGES


`No standards world-wide for pesticide residues in soft-drinks'
IN RESPONSE to the article "Killing pests or poisoning people?" by Ameer Shahul (Business Line, September 2), Mr Sanjiv Gupta, President and Chief Executive Officer of Coca-Cola India, writes (his response to ... More

FOODS & FOOD PROCESSING


Kinfra to tap food processing potential
WITH a view to encouraging entrepreneurial activity in the food-processing sector in the State, the Kerala Industrial Infrastructure Development Corporation (Kinfra) has initiated steps to conduct a comprehensive study on the potential of food ... More

CONSULTING


Kitco into vocational training
THE Kerala Industrial and Technical Consultancy Organisation (Kitco) has entered the field of vocational training and is involved in monitoring and quality control and certification for long-term and short-term courses in hotel management, ... More

REAL ESTATE & CONSTRUCTION


Builders protest against rise in steel prices
KOCHI: As a protest against the unprecedented rise in steel prices, Builders Association of India has decided to stop major construction activities on an all-India basis from October 2. The BAI Kerala Chapter also decided to stop work ... More

PRECIOUS METALS


Gold futures trade re-launch today
Quotations for December, January and February will open tomorrow while the price quoted will be for 10 gm and the minimum market lot will be 100 gm. More

JRG online futures trading
KOCHI: JRG Wealth Management Ltd, a member of the National Multi Commodity Exchange (NMCE), will begin online futures trading in gold and silver from Friday. JRG, which is the commodities trading arm of JRG Associates, has made the ... More

SCIENCE & TECHNOLOGY


Kerala CM promises help in popularising science studies
THE Chief Minister, Mr A. K. Antony, has said that the State Government would strive to create a conducive atmosphere for the popularisation of science education. Launching `Sastraposhini', the student-enabling scheme conceived by the Kerala ... More

ISRO to double transponder capacity
THE Indian Space Research Organisation (ISRO) has been approached by three countries to help them in building satellite vehicles. However, it is too early to disclose the names, said Mr G. Madhavan Nair, Chairman of ISRO, said. Addressing a ... More

MINING & QUARRYING


TN cancels sand quarrying licences — To entrust work to PWD
THE Tamil Nadu Government has announced that all existing leases for sand quarrying will cease to be effective and the work will be entrusted to the Public Works Department, according to an official press release. The move is aimed at checking ... More

EVENTS


PRSI asked to give scholarships
MANGALORE: The Deputy General Manager of Corporation Bank, Mr B.R. Bhat, has said that the programmes of the Public Relations Society of India (PRSI), Mangalore-Manipal chapter, such as providing scholarships to students can enhance the ... More

  • Hyderabad engagements

    SOCIETY & DEVELOPMENT


    Global musical event to raise funds for terminally ill
    THE concept of a hospice or a home for the terminally ill may be still in a fledgling stage in the country. But a global musical event, Voices for Hospices, seeks to bring together hospice and palliative care units throughout the world, to raise ... More

    INCOME TAX


    Political party funding made easier
    FUNDING of political parties by corporates has been made easier with Indian companies now permitted to avail of an attractive tax benefit for such contributions. The country's income tax law has been amended to permit companies to claim ... More

    Amendment to tax collection at source
    THE Central Board of Direct Taxes (CBDT) has amended the income-tax rules to authorise a person collecting tax at source under Section 206C of the Income Tax Act to issue consolidated certificates for tax collected at source (TCS) from a buyer of ... More

    ECONOMIC OFFENCES


    Politicians, businessmen rail against corruption
    "POLITICAL corruption is the foster mother of administrative corruption. Corruption has been accepted as a common thing in society and it's a low-risk and high-reward business. There's an unholy nexus between `netas and babus.' Criminalisation of ... More

    PEOPLE


    Japanese aid agency gets new chief
    THE former UN High Commissioner for Refugees (UNHCR), Ms Sadako Ogata, has assumed office as President of the governmental Japan International Cooperation Agency (JICA), after its reorganisation into a new entity on October 1. The JICA is ... More

    BOOKS


    New book on dynamics of migration
    THE Information and Parliamentary Affairs Minister, Mr M.M. Hassan, released a book on the Dynamics of Migration in Kerala by presenting a copy to Mr V. Ramachandran, Vice-Chairman, State Planning Board, on October 1. Authored by Mr ... More
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    Top Stories
    Integrated seawater farming system programme launched


    Two-wheelers continue to drive print advertising

    What ails introduction of new drugs

    G-Secs volumes sizzle in secondary market in H1

    `Blended threat major security concern for cos'

    Knowledge-hungry yes, food-hungry no

    In Focus
    Cola Controversy
    The Cable tangle
    Indo-China Relations
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    In Depth
    Swati CA
    In Kashmir
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Corporate Governance

    Looking back
    Sep. 21-Sep. 27
    If domestic companies get level playing field ...
    `WTO-bound 20 pc duty on paper products not a threat'


    `£10 b Indo-UK trade target attainable'

    Better services key to alleviate poverty: World Bank

    ISRO says 2-tonne satellite a safe bet

    Have you left a will? It's time for estate planning

    `Poor show by infrastructure sectors bucks growth trend'

    Cotton textile exports up 8 pc

    Biotech sector set to grow 25-30 pc: Survey

    Readymade garment exports up 2.2 pc in first-half

    Now, text can be heard as speech over telephone


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