The Hindu Business Line : Wednesday, October 29, 2003

MET SIGNS
Monsoon enters second week
Incidence of gall midge and leaf roller are likely in transplanted paddy fields. Should the pest population be found to exceed the threshold level, spraying with `quinaphos' at 1.5 ml/litre of water has been recommended. More

INVESTMENTS

Investments rise 60 pc in H1: Study
Fresh project investment proposals (in terms of value) in the country have witnessed a 60 per cent increase in April-September 2003 as compared to the immediately preceding six-month period. According to a quarterly investment survey conducted ... More

NON-CONVENTIONAL ENERGY

Policy on bio-fuel in offing
A NATIONAL policy on bio-fuels is in the offing. "The paper is under preparation and should be ready within the next two to three months," the Minister of State for Non-Conventional Energy Sources (MNES), Mr M. Kannappan, said here on ... More

LOTTERY

Playwin lottery office attacked in Bangalore
PROTESTERS belonging to the Karnataka Rakshana Vedike today attacked and ransacked the office of Karnataka's online lottery operator Ultra Entertainment Solutions. The e-lottery is marketed for the State Government by Ultra's appointee, ... More

BUDGET

Kerala Budget in January
THIRUVANANTHAPURAM: The Finance Minister, Mr K. Sankaranarayanan, has said that the next Budget would be presented in January itself. Addressing a meeting of senior officials of his department on Tuesday, he said that he wanted them to ... More

ECONOMY

Jalan lists economy speedbreakers
THE former Governor of the Reserve Bank of India, Dr Bimal Jalan, today said that India now had the potential to be one the fastest growing economies in the world, provided it could get over certain problems. Delivering the `Mantosh Sondhi ... More

Two-day UN special session to discuss economic issues
The General Assembly dialogue follows through on the successful development summit that took place in March 2002 in Monterrey. More

ENVIRONMENT

Water desilting in Madurai
MADURAI: THE Madurai Corporation has embarked on a major desilting work of storm water drain at a cost of Rs 1 crore, caused by sharp showers in the city. The city recorded a rainfall of around 120 mm in a single night, ... More

FOREIGN TRADE

Taiwan keen to strengthen bilateral trade cooperation
MR Yen-Shiang Shih, Vice-Minister of Economic Affairs, Taiwan, has urged business leaders to help create a free and open trade and investment environment to maximise economic cooperation between India and Taiwan. He outlined many areas for ... More

HOTELS

Hotel convention begins on Nov 7
THE 39th annual convention of the Federation of Hotel & Restaurant Association of India (FHRAI), a three-day convention, will be inaugurated on November 7 by the Union Tourism Minister, Mr Jagmohan. The Chief Minister, Mr Buddhadev ... More

INFRASTRUCTURE

Move to build modern fish market in Vizag
A MODERN fish market will be constructed by the Visakhapatnam Urban Development Authority (VUDA) close to Yatri Nivas in M.V.P. Colony at a cost of Rs 5 crore, according to Mr S.A Reheman, Chairman. Based on the Rythu Bazar concept, the market ... More

PETROLEUM

RIL likely to price gas at 30 pc discount to global rates
IN a bid to expedite forward linkages, Reliance Industries Ltd (RIL) seems willing to price its natural gas supplies at a 30 per cent discount to international prices. Sources here said that RIL was prepared to settle for a tariff of under $4 ... More

ONGC bags 15 blocks in NELP IV round of bids
ONGC has bagged 15 of the 24 oil and gas exploration blocks on offer in the fourth round of New Exploration Licensing Policy (NELP). "The results of the NELP-IV bids have been evaluated and the recommendations have been forwarded to the ... More

Oil cos to share LPG, kerosene subsidy burden
THE Government has imposed a subsidy burden of Rs 2,100 crore on Oil and Natural Gas Corporation (ONGC) on account of sale of LPG and kerosene by public sector oil marketing companies during fiscal 2002-03. This follows from the recent Cabinet ... More

POWER

AP Minister orders officials to clear power projects
THE Andhra Pradesh Minister for Power, Mr K. Subbarayudu, has instructed the Principal Secretary (Energy), Mr Jannath Hussain, and the Chairperson and Managing Director of the Transmission Corporation (Transco), Ms Rachel Chatterjee, to ... More

`Abolish tax on generators': KCCI
THE Kanara Chamber of Commerce and Industry (KCCI) has urged the AICC President, Ms Sonia Gandhi, to direct the Karnataka Chief Minister, Mr S.M. Krishna, to withdraw levy of electricity tax on generators up to the capacity of 500 KVA. In a ... More

STEEL

Vizag Steel upgrades IT
VISAKHAPATNAM: With convergence of computers and communications being the order of the day, the Visakhapatnam Steel Plant is upgrading its technology to improve connectivity, Mr D.B.V Sarma, General Manager (Systems), has said. He was ... More

TEXTILES

Synthetic, rayon textiles export rises 20 pc
EXPORTS of synthetic and rayon textiles have grown 21 per cent in dollar terms in the April-June quarter this financial year and this trend is continuing further, according to Mr Rakesh Mehra, Chairman, The Synthetic and Rayon Textiles Export ... More

RADIO/TV

Duty sops for STBs open Pandora's box
SET-TOP boxes (STBs) seem to have opened Pandora's box for the two stakeholders — the consumer electronics manufacturers and multi-system operators (MSOs). The two important arms of the industry seem to hold divergent views on whether there ... More

BEVERAGES

Coke writes to JPC, seeks hearing
COCA-COLA India, one of the key players in the `pesticide-in-soft drinks' controversy, has sought a hearing with the Joint Parliamentary Committee (JPC) that is looking into the issue. This development comes even as the committee is to sit for ... More

INDUSTRY ASSOCIATIONS

GMCI unveils wish-list for infrastructure policy
THE Greater Mysore Chamber of Industry (GMCI) has come out with its wish list to be incorporated in the draft policy, pending approval for over six months. Stating that mere statement of intent to development infrastructure or attract private ... More

HANDLOOM

`Stop supply of yarn to handloom export body'
SUPPLY of yarn through the National Handloom Development Corporation (NHDC) to the members of Handloom Export Promotion Council (HEPC) should be stopped forthwith, the Madurai Yarn Merchants' Association has demanded. According to Mr V.N.N.S. ... More

KNITWEAR & HOSIERY

Palladam powerloom park hopes to become fabric sourcing point
THE high-tech powerloom weaving park being promoted in Palladam under the Centre-sponsored high-tech weaving park scheme may set its sight at drawing synergy from the nearby knitwear exporting town of Tirupur by offering itself as a major woven ... More

SCIENCE & TECHNOLOGY

G. Madhavan Nair to be feted
THIRUVANANTHAPURAM: The Swadeshi Science Movement, in association with the Institution of Engineers, the Space Engineers Association, Bodhananda Research Foundation and the Joint Forum for Indian Scientists and Technology Societies, will ... More

MINING & QUARRYING

Kalam to inaugurate mining meet in Delhi on Nov 1
THE President, Dr A.P.J. Abdul Kalam, will inaugurate the 19th World Mining Congress beginning here on November 1. The five-day conference-cum-exhibition will be attended by over 1,500 delegates from 56 countries, according to a press release ... More

DISINVESTMENT

Rs 6.2-cr offer for Amadalavalasa Cooperative sugar mill
HYDERABAD: Ambica Laminations Pvt Ltd made the highest purchase offer amongst the three bidders in the fray, with an offer of Rs 6.20 crore, for the purchase of the assets of Amadalavalasa Cooperative Sugars Ltd. This was followed by an ... More

FOREIGN DIRECT INVESTMENT

Star News gets FIPB nod for 26% stake in MCCS
THE Foreign Investment Promotion Board (FIPB) has cleared Star News Broadcasting Ltd's proposal to pick up a 26 per cent stake in Media Content & Communications Services (India) Pvt Ltd (MCCS), involving an investment of Rs 16.25 crore by way of ... More

EXPORTS & IMPORTS

Tyre firms may import 31,500 t rubber
"Companies are getting 150 days credit for buying rubber from the international market. The credit is being offered at LIBOR." More

IOC to import 65,000 t LPG next month
THE country will import five additional cargoes of LPG in November to meet the shortfall in domestic cooking gas owing to an unplanned shutdown of a crucial unit of Reliance Industries Ltd's Jamnagar refinery. Indian Oil Corporation (IOC) ... More

FIEO moots steps to boost exports
THE Federation of Indian Export Organisations (FIEO) has expressed concern over the decline in exports in the face of an appreciating rupee. According to Mr Rafeeque Ahmed, FIEO President, exports during April to August this fiscal stood at ... More

Seafood exporters flay attack on TN boats
THE agitation by fishing boat owners of Kerala against boats operating from Kollachal and Kanyakumari districts of Tamil Nadu "is unjustified and detrimental to the fishing interest of the State, as well as the seafood exporting factories ... More

TOURISM

Tomb site expos in AP
THROWING light on the glorious monuments of Paigah Tombs and Qutb Shahi Tombs, the State Government opened two expos, the Paigah Legacy and the Qutb Shahi Eras, here on Monday. Mr T. Srinivasa Yadav, Minister for Tourism, Culture, Archaeology ... More

STANDARDS & BENCHMARKS

`Indian MNCs may soon be a reality'
THEY may not be multinationals yet as in the brigade of American, European or Japanese behemoths; but more and more members of India Inc could be close to taking off to be there. Going by some rough indicators, quite a few domestic companies ... More

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